Share markets rallied in the first three months of 2024, driving positive returns for Hostplus pension members.
Healthy economic data coming out of the US helped drive share markets up, despite inflation continuing to cause concern for investors.
Across the quarter, all Hostplus’ pre-mixed investment options delivered positive returns for pension members to 31 March 2024.
Listen to Con Michalakis, Deputy Chief Investment Officer, provide an update on our investment performance.
Hostplus’ Balanced option a top performer over 10 years.
Our Balanced option – the most popular option for Hostplus pension members1 – returned 4.63% over the quarter.2
Even in retirement, super is a long-term investment. Rather than focus on what's happening over one quarter or even one year, we strive to deliver strong returns for members over 10 years, 20 years and more. The plus for Hostplus members? The Balanced option continues to be one of the top-performing balanced options over five, seven and ten years, according to SuperRatings.2
These great long-term results show that our investment strategy is working hard for our pension members.
Source: SuperRatings Pension Fund Crediting Rate Survey - SRP50 Balanced (60-76) Index, 31 March 2024. 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.
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 31 March 2024
2. Source: SuperRatings Pension Fund Crediting Rate Survey – SRP50 Balanced (60–76) Index, March 2024