Quarterly investment update

Investment update – December 2020 quarter

  • Breakthroughs in the development of several COVID-19 vaccines, certainty around the US presidential election result and the announcement of a US$900 billion US stimulus package helped boost share market returns in the December quarter. International Shares added 5.7%
  • The Australian share market ended the quarter 13.7% higher, encouraged by stronger domestic data and rising commodity prices. The best performing sectors were information technology and materials
  • My GESB Super returned 7.28% for the quarter
  • My West State Super returned 7.08% for the quarter
  • RI Allocated Pension Conservative plan returned 3.69% for the quarter

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Investment update – September 2020 quarter

  • Over the September quarter, International Shares gained 6.94%, excluding the impact of currency movements. Despite mixed economic data, progress on developing a COVID-19 coronavirus vaccine contributed to the positive sentiment in financial markets. However, Australian Shares were broadly flat, returning -0.06% over the quarter
  • Over the past year, International Shares were up by around 9%, benefiting from the strong performance of IT and healthcare stocks in the US, while Australian Shares were down by almost 10%
  • My GESB Super returned 1.12% for the quarter
  • My West State Super returned 1.72% for the quarter
  • RI Allocated Pension Conservative plan returned 1.03% for the quarter

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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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Page last updated 01 February 2021