Catholic Super delivers positive returns for 2019/2020
Catholic Super has defied the worst market downturn since the Global Financial Crisis to deliver members positive returns for the 2019/2020 financial year.
While the coronavirus pandemic pushed many funds into negative territory, our Balanced option recorded a gain of +0.5%.
Our Chief Investment Officer, Anna Shelley, said the team at Catholic Super were proud of this financial year’s returns.
“We are very pleased to achieve these results, supporting our members’ retirement outcomes. Of course, investment is a long-term game and the key is consistently strong results over many years.”
That sentiment is reflected in our long-term results. Catholic Super has delivered an average of 8% per annum for members invested in the Balanced option over the past 10 years.
While the positive returns provide a silver lining for members, there’s still a lot of uncertainty in the market as coronavirus numbers continue to spike.
Shelley said Catholic Super’s investment team and its advisers are closely watching the markets and resetting strategies as market conditions change.
“Catholic Super is doing all it can to ride through these adverse market movements and to make sure that our members’ retirement savings are poised for long-term growth as markets and economies reset and recover from the pandemic,” she said.
“Our diversified options invest funds across a range of different assets to try to reduce the risk of losses when equity markets face unprecedented volatility as they did in March. Catholic Super’s Balanced option has a strong, long-term track record of delivering for members, particularly in tough times.”
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We offer members a range of investment options.
Authorised by Togethr Trustees Pty Ltd (ABN 64 006 964 049; AFSL 246383), the trustee of MyLifeMyMoney Superannuation Fund (ABN 50 237 896 957; SPIN CSF0100AU). Catholic Super and MyLife MySuper are divisions of MyLifeMyMoney Superannuation Fund. Financial advice services may be provided to members by the trustee's related entity.
Togethr Financial Planning Pty Ltd (ABN 84 124 491 078; AFSL 455010). The information contained herein is general information only. It has been prepared without taking into account your personal investment objectives, financial situation, or needs. It is not intended to be, and should not be, construed in any way as investment, legal or financial advice. Please consider your personal position, objectives, and requirements before taking any action.
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