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.
After a 2020 many would like to forget, each of our investment options had a bumper start to the year, delivering strong returns in the March 2021 quarter.
According to Qantas Super investment manager Chris Grogan, investments across equities performed well, with the S&P/ASX300 Index closing the quarter 4 per cent higher.
A number of Qantas Super’s unlisted assets also saw an increase in their valuations, contributing to our strong returns.
The results for the financial year to date are as at 31 March 2021. Meanwhile, 1, 3, 5, 6, 7, and 10 year returns are to 30 June 2020.
Investment option | as at 31 March 2021 | p.a. | p.a. | p.a. | p.a. | p.a. | |
---|---|---|---|---|---|---|---|
Glidepath: Take-off | |||||||
Glidepath: Altitude | |||||||
Glidepath: Cruising | |||||||
Glidepath: Destination | |||||||
Aggressive | |||||||
Growth | |||||||
Balanced | |||||||
Conservative | |||||||
Cash |
As Glidepath was established on 1 October 2015, only three year returns are available for these options. Returns are net of taxes, and do not include administration fees, insurance premiums, and other fees that may be applied directly to your account. The actual return for your account depends on the period of time you were invested in an investment option, the timing of transactions in and out of your account, and the impacts of compounding. Past performance is not a guarantee of future performance.
As at 31 March 2021 – all returns and objectives are per annum and after investment fees.
Investment opton | Return objective | Actual return | Return objective | Difference |
---|---|---|---|---|
Glidepath: Take-off | CPI +4.5% p.a. over 10 years | 9.6% (5 year return) | 6.4% | +3.2% |
Glidepath: Altitude | CPI +3.5% p.a. over 7 years | 8.3% (5 year return) | 5.4% | +2.9% |
Glidepath: Cruising | CPI +3.0% p.a. over 6 years | 7.5% (5 year return) | 4.9% | +2.6% |
Glidepath: Destination | CPI +2.5% p.a. over 5 years | 6.5% (5 year return) | 4.4% | +2.1% |
Aggressive | CPI +4.5% p.a. over 10 years | 8.2% (10 year return) | 6.6% | +1.6% |
Growth | CPI +3.5% p.a. over 7 years | 7.0% (7 year return) | 5.6% | +1.4% |
Balanced | CPI +2.5% p.a. over 5 years | 6.5% (5 year return) | 4.7% | +1.8% |
Conservative | CPI +1.5% p.a. over 3 years | 4.5% (3 year return) | 3.4% | +1.1% |
Cash | Bloomberg AusBond Bank Bill over 1 year | 0.8% (1 year return) | 0.1% | +0.7% |
As Glidepath was established on 1 October 2015, only five year returns are shown for these options. Past performance is not a guarantee of future performance.
Each of our investment options are meeting their stated return objectives.
These objectives are linked to the Consumer Price Index, which measures inflation. We aim to achieve these objectives so your super account delivers a return higher than the rate of inflation over the long term, as your superannuation will support your income and lifestyle in retirement.
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.
If you want to learn more or need help with making a decision about your super, you can get simple advice over the phone. It’s included as a part of your membership so there’s no extra cost.