Market wrap
At Sunsuper, we want to keep you up to date on what's happening in the Australian economy and around the globe so you can confidently continue to look after your life, while we look after your super.
2009 - the year of the cautious rebound
It's been a bumpy 18 months in the markets, but there seems to be growing optimism that the global economy is on the mend. The particularly good news is the Australian economy continues to deliver a strong performance against global standards.
As far as super is concerned, there are strong indications the worst of the GFC is over, with super funds posting their best six monthly return to September in more than a decade. And while there was a minor drop in returns in October, we should finish out the calendar year well into positive territory. While it doesn’t mean we’ve seen the last of the volatility or the flow-on effects of the crisis, 2010 is set for a much better start than last year. The key for surviving the downtimes is not to panic and to keep focussed on long-term savings goals.
Market indicators
Strong labour market figures surprised many in September with the unemployment rate falling to 5.7 per cent as the economy added 40,600 jobs¹. The housing sector continues to improve with strong demand underpinning housing prices. Business confidence rose to its highest level in six years in the last few months and consumer confidence is up nearly 40 per cent from its March 2009 low. The Australian share market finished the quarter strongly, with the ASX200 climbing 19.9 per cent – the best quarterly return in 20 years².
Performance that's ahead of the pack
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Sunsuper have again remained ahead of the industry average for the 2008/2009, and more importantly over 5 and 10 years, which when you are investing for the long-term, is what really counts. While the GFC has obviously had a huge impact on returns right across the superannuation industry, the diversified nature of Sunsuper's portfolio means we are well-placed to ride out the bumpy share market and deliver strong, consistent investment returns over the long-term.
Check out the video of Sunsuper CEO, Tony Lally presenting on Sunsuper's investment returns to end of June 2009, the year that was and what's to come in 2009/2010.
The investment performance to 31 January 2010 for our Balanced option (which most members are invested in) is below.
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1 Year (% p.a.) |
5 Years (% p.a.) |
10 Years (% p.a.) |
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 Sunsuper Balanced |
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5.2% |
6.2% |
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(Past performance is not a reliable indication of future performance. Returns are after investment fees and taxes, but before asset-based administration fee of 0.05% p.a. which became effective from 1 July 2008). Check out all other investment options
Check out the latest Sunsuper investment returns and unit prices.
Weekly finance reports
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Read the latest finance report for up to date market news. |
Source for economic data: QIC
¹www.ABS.gov.au
²www.asx.com.au
