Investment insights: June 2021 quarter
Qantas Super has delivered bumper returns for members in the 2020/21 financial year, with each of our investment options performing exceptionally well.
Investment insights
September 2020 quarter
The September 2020 quarter saw each of our investment options deliver strong results, with investments across all asset classes performing well.
According to Qantas Super investment manager Chris Grogan, markets both at home and abroad are steadily recovering from the lows of the March 2020 quarter.
Along with continued stimulus from governments, this recovery was aided by growing consumer and business confidence.
Though Victorians were in lockdown for the local winter, the rest of Australia got used to the new ‘COVID-normal’, with retailers reopening and hospitality venues welcoming diners back in progressively larger numbers.
Europeans and North Americans also enjoyed a relatively open northern hemisphere summer, despite the growing numbers of COVID-19 cases in many countries, helping to buoy their respective economies.
Performance for super accounts
The results for the financial year to date are as at 30 September 2020. Meanwhile, 1, 3, 5, 6, 7, and 10 year returns are p.a. to 30 June 2020.
All returns are after investment fees.
| Investment option | Financial year to date | 1 year | 3 years | 5 years | 6 years | 7 years | 10 years |
|---|---|---|---|---|---|---|---|
| Glidepath: Take-off | 2.3% | -2.8% | 5.8% | ||||
| Glidepath: Altitude | 2.0% | -1.6% | 5.3% | ||||
| Glidepath: Cruising | 1.7% | -1.0% | 5.1% | ||||
| Glidepath: Destination | 1.5% | -0.9% | 4.5% | ||||
| Aggressive | 2.3% | -2.8% | 5.8% | 5.8% | 6.4% | 7.6% | 7.9% |
| Growth | 2.0% | -1.6% | 5.3% | 5.3% | 5.7% | 6.6% | 7.0% |
| Balanced | 1.5% | -0.9% | 4.6% | 4.4% | 4.8% | 5.6% | 6.1% |
| Conservative | 1.1% | 0.1% | 3.9% | 3.8% | 4.0% | 4.4% | 4.9% |
| Cash | 0.2% | 1.2% | 1.6% | 1.6% | 1.7% | 1.8% | 2.4% |
Past performance is not a guarantee of future performance.
The return to positive territory for each of our investment options highlights the importance of taking a long-term approach to investing your super.
Though there may yet be occasional dips along the way, over a century’s worth of historical financial markets performance tells us that as economies recover following crisis events, so do financial markets.
How your investment options are performing against their objectives
As at 30 September 2020 – 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 | 6.4% (5 year return) | 6.4% | 0.0% |
| Glidepath: Altitude | CPI +3.5% p.a. over 7 years | 5.8% (5 year return) | 5.4% | +0.4% |
| Glidepath: Cruising | CPI +3.0% p.a. over 6 years | 5.3% (5 year return) | 4.9% | +0.4% |
| Glidepath: Destination | CPI +2.5% p.a. over 5 years | 4.7% (5 year return) | 4.4% | +0.3% |
| Aggressive | CPI +4.5% p.a. over 10 years | 7.7% (10 year return) | 6.6% | +1.1% |
| Growth | CPI +3.5% p.a. over 7 years | 6.3% (7 year return) | 5.6% | +0.7% |
| Balanced | CPI +2.5% p.a. over 5 years | 4.9% (5 year return) | 4.5% | +0.4% |
| Conservative | CPI +1.5% p.a. over 3 years | 4.0% (3 year return) | 3.4% | +0.6% |
| Cash | Bloomberg AusBond Bank Bill over 1 year | 1.0% (1 year return) | 0.6% | +0.4% |
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.
What's behind the numbers?
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