17 July 2023
UniSuper is pleased to provide an update on returns for the 22/23 financial year.
Members will be reassured that all UniSuper investment options delivered positive returns for the 2022/23 financial year, a year that had no shortage of bad news with the ongoing war in Ukraine, high inflation, and the fastest rate hike cycle in decades.
In FY22/23, all our investment options recorded positive returns, with our (default) Balanced option recording 10.3% (or 11.8% for zero-tax pension accounts) – UniSuper is very proud to deliver for our members.
The highest performing investment options were UniSuper’s Global Companies in Asia at 21.0%, and International Shares at 16.4%.
Global Companies in Asia seeks companies that are well placed to benefit from the growing wealth of Asian consumers. Over 20% of the portfolio is invested in the tech giants that are being swept up in “AI euphoria”. Similarly, over 16% of the International Shares option is exposed to tech companies deemed to be at the forefront of AI.
Of our pre-mixed investment options, the top performers were the High Growth (14.0%) followed by Sustainable High Growth (13.8%). These strong returns are key to delivering the retirement outcomes our members expect, deserve and rely upon.
For those members within our Defined Benefit Division, our defined benefit fund remains in a strong surplus and our members’ accrued benefits are well funded.
As active, genuine long-term investors, we believe UniSuper’s portfolios are well positioned to deliver industry leading value to our members as they build and enjoy remarkable retirements.
Quotes attributable to John Pearce, UniSuper’s Chief Investment Officer
Investment Results FY 22/23 |
|
| Investment option | 12 months to 30 June 2023 |
| Global Co in Asia | 21.0% |
| International Shares | 16.4% |
| Australian Shares | 13.4% |
| High Growth | 14.0% |
| Sustainable High Growth | 13.8% |
| Growth | 12.5% |
| Sustainable Balanced | 11.0% |
| Balanced | 10.3% |
| Australian Equity Income | 9.3% |
| Conservative Balanced | 5.5% |
| Diversified Credit Income | 5.1% |
| Conservative | 4.1% |
| Global Environmental Opportunities | 5.1% |
| Cash | 2.9% |
| Listed Property | 2.4% |
| Australian Bond | 0.9% |
For more information
Zach Relouw
PR/Media Lead
UniSuper
M: +61 3 8831 6360
E media@unisuper.com.au
Note to editors*
Read more about our investment options.
UniSuper is one of Australia’s largest superannuation funds and is run solely for the benefit of its members. For forty years, UniSuper has been managing super for people employed in the higher education and research sector, and as of 2021 opened the fund to all Australians. UniSuper currently invests over $120 billion on behalf of over 615,000 members*.
Please note past performance is not an indicator of future performance. The information provided above is of a general nature only and does not take into account your individual objectives, financial situation or needs.
Please consider the Product Disclosure Statements and Target Market Determinations relevant to your membership category on our website and your situation before making decisions, because we haven’t.
Consider the appropriateness of the information having regard to your personal circumstances and consider consulting a licensed financial adviser before making an investment decision based on the information provided above. Issued by UniSuper Limited ABN 54 006 027 121 the trustee of the fund UniSuper ABN 91 385 943 850.
*As at June 2023.