Share markets rallied considerably over the 2023–24 financial year, driving positive returns for Hostplus members.
Excitement about artificial intelligence drove these strong returns, particularly for the large tech companies. This optimism outweighed market worries about high interest rates and inflation.
Across the year, all Hostplus’ pre-mixed investment options delivered positive returns to 30 June 2024.
Listen to Sam Sicilia, Chief Investment Officer, provide an update on our investment performance.
Hostplus’ Balanced (MySuper) option is still ranked number 1 over 10 and 20 years.
Our Balanced (MySuper) option, where most members invest1, returned 7.60% over the financial year.2 Our other pre-mixed options all delivered positive returns as well. Indexed Balanced returned 12.18%, making it the top-performing balanced option in Australia, according to SuperRatings.
Source: Hostplus data as of 30 June 2024. Returns are net of investment fees and costs. Admin and other fees apply. Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a super fund.
Both our Balanced (MySuper) and our Indexed Balanced options continue to perform exceptionally well over the long term.
Our Balanced (MySuper) option is ranked the number one balanced option in Australia over 10 and 20 years, and Indexed Balanced is ranked in the top ten balanced options over 3, 5, 7 and 10 years, according to SuperRatings.2
Source: SuperRatings Fund Crediting Rate Survey - SR50 Balanced (60-76) Index, June 2024. Returns are net of investment fees and costs. Admin and other fees apply. Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a superannuation fund.
These great long-term results show that our investment strategy is working hard for Hostplus members. That’s a plus.
Get help when you need it
Our superannuation advisers can help you understand how your super is performing. If you’re a Hostplus member, you can receive personalised advice about your account at no extra cost. If you already have an adviser, they can also provide advice on your account.
Contact us on 1300 303 188, email us or book a callback today.
1. As at 30 June 2024
2. Source: SuperRatings Accumulation Fund Crediting Rate Survey – SR50 Balanced (60-76) Index, June 2024.