Share markets rallied considerably over the 2023–24 financial year, driving positive returns for Hostplus pension 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.
Over the year, all Hostplus’ pre-mixed investment options delivered positive returns for pension members to 30 June 2024.
Listen to Sam Sicilia, Chief Investment Officer, provide an update on our investment performance.
Hostplus’ Balanced option is a top performer over 10 years.
Our Balanced option - the most popular option for Hostplus pension members1, returned 8.35%. Our other pre-mixed options all delivered positive returns as well. Our Indexed Balanced option returned 13.47%, making it the top-performing balanced option in Australia, according to SuperRatings.2
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 and our Indexed Balanced options continue to perform exceptionally well over the long term, outperforming the average (median) of other funds' balanced options over 3, 5, 7 and 10 years, according to SuperRatings.2
Source: SuperRatings Pension Fund Crediting Rate Survey - SRP50 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 our pension members. That’s a plus.
Get help when you need it
Our superannuation advisers can help you understand how your pension 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 Pension Fund Crediting Rate Survey – SRP50 Balanced (60-76) Index, June 2024.