Investment insights: December 2023 quarter
Qantas Super had a strong end to the 2023 calendar year, with each of our investment options posting strong gains over the December quarter.
Qantas Super had a strong end to the 2023 calendar year, with each of our investment options posting strong gains over the December quarter.
Markets kicked off the 2023 calendar year on a positive note, with each investment option almost doubling their return for the year to date from the December 2022 quarter to the end of March 2023.
After several years of volatility in investment markets, with returns swinging from negative to record highs, and back to the low single-digits, the 2022/23 financial year has seen a return to what we could consider more ‘normal’ numbers, with Qantas Super delivering strong absolute returns across all investment options.
Markets kicked off the 2023 calendar year on a positive note, with each investment option almost doubling their return for the year to date from the December 2022 quarter to the end of March 2023.
Each of our investment options saw strong growth over the December 2022 quarter, going from either flat or marginally negative returns at the end of September 2022 to single-digit positive returns.
Performance was largely subdued over the September 2022 quarter, leading to either flat or marginally negative returns across most asset classes.
Qantas Super delivered positive returns for members across each of our tailored investment options for the 2021/22 financial year, defying the industry trend that saw most super funds fall into negative territory.
We’ve made significant inroads towards our net zero carbon emissions goal over the last 12 months. Here are a few of the key actions we’ve taken.
Despite the uncertainty in global investment markets over the last few months, Qantas Super has had a strong start to the 2022 calendar year. Our Glidepath: Take-off option was ranked the top performer over the 1 year, 3 years, and 5 years against every other default option in its category in the SuperRatings performance survey to 31 March 2022.
Qantas Super closed out the first half of the 2021/22 financial year in a strong position, with a number of our investment options ranking in the top 5 in their respective categories for the financial year to date as at 31 December 2021 according to independent research house SuperRatings.
We conduct yearly reviews of our investment options to make sure they’re set up in the best way to deliver for our members. On 1 April 2022, we made changes to a number of our investment options.
For most of us, going through the global financial crisis just a couple of months after taking on the role of inaugural Chief Investment Officer (CIO) of a super fund would likely be considered a case of particularly bad timing. Not so for Andrew Spence, who believes his joining Qantas Super as the fund’s first CIO in July 2008 came at the perfect time.