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.
We conduct reviews of our investment options to make sure they’re set up in the best way to achieve their return objectives. On 4 May 2020, the asset allocation ranges for our investment options (excluding the Cash option) changed.
Your super investments are categorised into five asset classes; equities, growth alternatives, defensive alternatives, fixed interest, and cash. Each of our investment options has a different strategic allocation to these asset classes, which is chosen with the aim of achieving our investment return objectives.
The actual allocation to each asset class will be within an asset allocation range and typically varies with investment decisions and market movements. The range defines the minimum and maximum amounts we invest in each asset class.
Since the start of the COVID-19 health crisis, we have seen an increase in market volatility and a higher than usual number of members making requests to switch their investment options. This has meant the balance of some of our asset classes have changed relative to others. Widening the asset allocation ranges will improve our ability to achieve investment return objectives, in the best interests of our members.
If you’d like to understand these changes in more detail or want to discuss your investment options, please call our friendly helpline on 1300 362 967 or book an appointment with a Super Adviser.
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.