Quarterly investment update

Investment update – June 2020 quarter

  • Over the June quarter, international share markets gained an average of 18%, excluding the impact of currency movements. The Australian share market also performed strongly and was up 17%. The easing of lockdown restrictions and progress on developing a COVID-19 coronavirus vaccine contributed to the positive sentiment in financial markets
  • Over the past year, International Shares returned 3% on average, while Australian Shares returned -8%
  • My GESB Super returned 7.26% for the quarter compared to -12.05% the previous quarter
  • My West State Super returned 7.22% for the quarter compared to -11.65% the previous quarter
  • RI Allocated Pension Conservative plan returned 4.28% in the June quarter, versus -5.96% for the previous quarter

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Investment update – March 2020 quarter

  • Global share markets dropped around 20% in the March quarter. Government enforced shutdowns, in response to the rapid spread of the COVID-19 coronavirus, caused investors to price in a deep global recession
  • Many countries have cut their current growth forecasts due to the expected decline in economic activity. However, this is being partially offset with the announcement of very large government spending packages aimed at supporting businesses and reducing the financial impact of workers losing their jobs
  • Defensive assets provided a buffer against a sell-off in Shares, with Cash and Bonds delivering positive returns over the March quarter
  • The long-term performance remains positive for Shares despite the sharp sell-off in the March quarter. Over 10 years, International Shares has returned 6.9% per annum and Australian Shares 4.8% per annum
  • My GESB Super returned -12.05% for the quarter
  • My West State Super returned -11.65% for the quarter
  • RI Allocated Pension Conservative plan returned -5.96% for the quarter

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Investment update – December 2019 quarter

  • Share markets performed well over the past three months, benefiting from the progress of a US-China trade deal
  • Official interest rates continued to remain low
  • International Shares added 8% over the quarter (ignoring the impact of currency movements) to be the top performing major asset class. It was also the best performing major asset class over the last 12 months
  • Bond markets posted slightly negative returns with a small increase in long term interest rates resulting in a slight fall in the price of bonds
  • My GESB Super returned 2.19% for the quarter
  • My West State Super returned 2.32% for the quarter
  • RI Allocated Pension Conservative plan returned 0.95% for the quarter

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Investment update – September 2019 quarter

  • Bond and share market returns were supported by interest rate cuts in Australia, the US and Europe
  • However, global economic data continued to weaken with the risks of recession rising
  • Meanwhile, US-China trade tensions continued to simmer
  • Global Listed Property added almost 6% over the quarter to be the top performing asset class. It was also the best performer over the last 12 months
  • Australian Shares and Global Bonds returned around 2.5% over the quarter to be the next best performing asset classes
  • My GESB Super returned 2.10% for the quarter
  • My West State Super returned 2.04% for the quarter
  • RI Allocated Pension Conservative plan returned 1.54% for the quarter

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Investment update - June 2019 quarter

  • Share and Bond markets performed well over the past three months, helped by expectations that interest rates would continue to fall and support economic growth
    The performance of these markets was also strong over the past 12 months.
  • Australian Shares was the best performing major asset class, returning 8.05% over the past three months, which lifted the 12-month return to 11.42%
    These positive returns were supported by the surprise May Federal election result and June interest rate cut by the Reserve Bank of Australia.
  • International Shares returned 3.23% over the past three months and 6.1% over the year
  • Despite the strong returns, ongoing US-China trade talks have weighed on share markets over the past 12 months
  • Interest rate cuts (and expectations of further cuts) helped drive Bond markets higher
  • Over the past three months, Bond markets were up around 3% for the June quarter and over 7% for the year

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Investment update - March 2019 quarter

  • Share markets performed well over the three months to 31 March 2019 - delivering returns of over 10%
  • Defensive investments, such as Cash and Bonds, achieved positive returns but lower than those of share markets - Cash returned 0.52% and Bonds around 3%
  • Major central banks (such as the Reserve Bank of Australia [RBA]) kept interest rates unchanged with growing expectations that interest rates will be reduced across many countries, including Australia
  • My GESB Super returned 6.21% for the quarter
  • My West State Super returned 6.88% for the quarter
  • RI Allocated Pension Conservative plan returned 4.01% for the quarter

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Investment update - December 2018 quarter

  • My GESB Super returned -4.90% for the quarter
  • My West State Super returned -5.12% for the quarter
  • RI Allocated Pension Balanced plan returned -4.97% for the quarter
  • Transition to Retirement Pension Balanced plan returned -4.32% for the quarter
  • Australian and Global Bonds were the best performing asset classes over the quarter
  • Ongoing United States (US)-China trade negotiations, US interest rate rises, and a cooling domestic housing market contributed to the negative Australian and International Shares returns

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Page last updated 27 July 2020