Investment updates

Investment update – September 2026 quarter

  • While share markets remained relatively resilient, bond markets faced pressure as investors became increasingly concerned about inflation, government borrowing and the outlook for interest rates
  • Australian Shares and International Shares both rose 1.3%
  • Global Bonds and Australian Bonds declined 2.9% and 1.5%, respectively
  • My GESB Super returned 0.71%; My West State Super returned 0.13%; and RI Allocated Pension Conservative returned 0.01%

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Investment update – 2025/26 financial year

  • All major asset classes generated positive returns despite a challenging geopolitical and economic backdrop
  • International Shares was the best performing asset class, returning 21.3%, with much of the gains being driven by the Information Technology sector
  • Australian Shares gained 6.2%. Within this asset class, the Materials sector performed the strongest, returning 52.1%, as a rebound in commodity prices led to strong gains in mining stocks
  • Despite higher interest rates across major economies and ongoing inflationary pressures, Global Bonds and Australian Bonds returned 2.8% and 1.5%, respectively
  • Our investment options delivered strong returns for members. My GESB Super returned 9.90% after fees and taxes, and My West State Super returned 9.83% after fees
  • Returns in the June quarter played a key part in our annual performance. Over the quarter, My GESB Super returned 5.94%; My West State Super returned 6.08%; and RI Allocated Pension Conservative returned 3.48%

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Investment update – March 2026 quarter

  • Risk sentiment weakened during the March quarter as geopolitical escalation, higher energy prices and expectations that interest rates would stay higher for longer weighed on equities and bonds
  • International Shares fell 4.3%, while Australian Shares declined 2.0%
  • Global Bonds and Australian Bonds recorded slight declines of 0.4% and 0.3%, respectively
  • My GESB Super returned -1.92% and My West State Super returned -1.80%
  • RI Allocated Pension Conservative returned -0.63%

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Investment update – December 2025 quarter

  • International Shares delivered solid gains over the quarter, and Global Bonds also moved higher, with both asset classes benefiting from US interest rate cuts. However, local markets softened on expectations of interest rate rises in Australia
  • International Shares rose 3.2%, while Australian Shares declined 0.9%
  • Global Bonds returned 0.7%, while Australian Bonds declined 1.1%
  • My GESB Super returned 1.56%; My West State Super returned 1.51%; and RI Allocated Pension Conservative returned 0.99%

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Page last updated 10 November 2026

Thank you for printing this page. Remember to come back to gesb.wa.gov.au for the latest information as our content is updated regularly. This information is correct as at 13 November 2026.