AustralianSuper, the A$75 billion (US$70 billion) Melbourne-based superannuation fund, reported July 4 that the balanced investment option used by the bulk of its more than 2 million members delivered a 13.88% return for its latest fiscal year ended June 30.
While down slightly from the prior year's 15.63% return, AustralianSuper, in a news release, cited strong equity market gains at home and abroad; solid returns from the fund's investments in unlisted real estate and infrastructure; and a boost from its bond allocations as global yields declined for another year of positive results.
In a telephone interview, spokesman Licardo Prince said AustralianSuper's balanced option had averaged a 7.64% return for the past 10 years.
