Investment updates

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%

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%

Investment update – September 2025 quarter
- All major asset classes generated positive returns over the three months to 30 September 2025, supported by artificial intelligence (AI) optimism, higher gold prices and an interest rate cut in the US
- International Shares rose 7.3%, while Australian Shares gained 5.0%
- Global Bonds and Australian Bonds returned 1.2% and 0.4%, respectively
- My GESB Super returned 4.15%; My West State Super returned 3.87%; and RI Allocated Pension Conservative returned 2.47%

Investment update – 2024/25 financial year
- All major asset classes generated positive returns over the past year despite elevated market volatility, increased trade policy uncertainty and heightened geopolitical tensions
- International Shares returned 16.0%, while Australian Shares added 13.7%
- Bond returns were also positive, with Australian Bonds rising 6.8% and Global Bonds rising 5.2%
- Our investment plans delivered strong returns for members. My GESB Super plan added 10.40% after fees and taxes, and My West State Super plan returned 10.39% after fees
- Over the quarter, My GESB Super returned 4.47%; My West State Super returned 4.32%; and RI Allocated Pension Conservative returned 2.83%
Previous investment updates
- Investment update - December 2024 quarter
- Investment update - September 2024 quarter
- Investment update - 2023/2024 financial year
- Investment update - March 2024 quarter
- Investment update - December 2023 quarter
- Investment update - September 2023 quarter
- Investment update - 2022/2023 financial year
- Investment update - March 2023 quarter
- Investment update - December 2022 quarter
- Investment update - September 2022 quarter
- Investment update - 2021/2022 financial year
- Investment update - March 2022 quarter
- Investment update - December 2021 quarter
- Investment update - September 2021 quarter
- Investment update - 2020/21 financial year
- Investment update - March 2021 quarter
- Investment update - December 2020 quarter
- Investment update - September 2020 quarter
- Investment update - June 2020 quarter
- Investment update - March 2020 quarter
- Investment update - December 2019 quarter
- Investment update - September 2019 quarter
- Investment update - June 2019 quarter
- Investment update - March 2019 quarter
- Investment update - December 2018 quarter
More information
- Find out more about investing with us
- See your super investment options or retirement investment options
- Read our tips for investing during a market downturn
Need help
- Investment FAQ's
- Find a personal financial adviser
- Call us on 13 43 72
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 05 June 2026.