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Latest COVID-19 market updates

Last updated: 26 June 2020

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Watch our Super strategies for uncertain times online seminar

Sunsuper's education experts explain the opportunities, strategies and simple tips to help you make the most of your super and prepare for your retirement - through and beyond these uncertain times.

 

Watch our Preparing for retirement in uncertain times online seminar

 
 

 

Watch our latest COVID-19 and your super webcast

Watch the update on how financial markets are responding to the ongoing COVID-19 situation, how we are continuing to safeguard your super, how we’ve responded to your requests to switch your investments and access your super, and the opportunities ahead for a post-COVID-19 environment from Sunsuper’s Chief Executive Officer, Bernard Reilly, and Chief Investment Officer, Ian Patrick.

 

Watch our latest education webinars

Watch the webcast to find out the factors that will determine success in an uneven global recovery, how market volatility is influencing Sunsuper’s investments in listed and unlisted assets, and what you should consider if you’re thinking about making a change to your investment strategy, or accessing your super early.

 

 

Our education presenters can help you understand the process for early access to your super and considerations for planning for your retirement in the current environment.

 

 

 

 


The latest on the COVID-19 situation

Despite some solid gains over the past two months, major share market indices are still below their February highs. In fixed income markets the improvement in investor confidence has reversed some of the ‘safe haven’ demand for government bonds that was evident in March and prompted a recovery in non-government bond prices.

As expected, economic conditions across much of the world have deteriorated as measures to limit the spread of the virus severely disrupted economic activity.

Governments and central banks across the world have taken (and continue to take) aggressive policy measures to reduce the impact of the crisis on economic activity.

Here in Australia, we have experienced a recession with output and employment falling sharply. The policy response has been unprecedented. And while unable to prevent the recession from occurring, it has certainly cushioned the blow on both households and businesses and will help to underwrite the recovery.

Latest evidence suggests that infection rates have declined to very low levels in many countries, even in some of the previously worst affected. Here in Australia, only a small number of new cases have been reported.

 

The economic impacts of coronavirus

We are beginning to see the beginning of an economic recovery in a range of economies in response to the gradual lifting of restrictions and aided by the strength of the economic policy response. However, the timing and speed of the economic recovery will vary across countries, depending on a range of factors, including the size and effective implementation of fiscal and monetary policy efforts, and the underlying resilience, structure and flexibility of individual economies.

Here in Australia, while economic conditions are extremely difficult, the economy has performed better than earlier expectations, due in no small part to the success in containing the COVID-19 outbreak as well as the economic policy measures put in place.

We are also likely to see a great deal of variation across industries. Some of the worst affected, such as airlines and cruise ship operators, seem to be obvious potential laggards. Moreover, should moves to relax restrictions be followed by a resurgence in infections, the risk of a renewed downturn in economic activity – either because of re-imposition of restrictions or because of the adverse response of households and businesses – increases significantly. While much of the reported economic data will remain very weak in the near term, we expect that the economic news that will emerge across the world and here in Australia over the coming months will show a gradual, drawn-out and uneven recovery. The recent strength of world share markets has surprised many given the current state of the world. However, it is important to remember that financial markets are forward looking: much of the adverse economic news we are seeing now had already been reflected in sharply lower share prices and bond yields. This means that while bad economic news still has the potential to unsettle markets, financial markets are looking ahead to the post-COVID-19 recovery.

 

Watch and listen to more from our Chief Economist

Read the latest on Sunsuper’s investment strategy from our Chief Economist

Sunsuper Chief Economist Brian Parker recaps Sunsuper’s investment performance over the past quarter, explains the impact of the coronavirus outbreak on the global and Australian economies, and outlines Sunsuper’s investment strategy amidst the current uncertainty.

Watch the latest on the COVID-19 situation from our Chief Economist

Sunsuper Chief Economist Brian Parker speaks with ABC Weekend Breakfast on the economic impact of the COVID-19 outbreak, particularly its effect on members’ super investment. (Video credit: ABC News - 7 April, 2020).
 

 

Watch our webcast recordings

In this special New School of Super webcast, Chief Economist Brian Parker discusses the latest on the COVID-19 situation and answers members’ questions, including how long we think the crisis will last, how we invest your super, and the implications of moving to a more conservative investment strategy.

 
 
Our Chief Executive Officer and Chief Investment Officer discuss the latest update on the COVID-19 situation and how markets are responding, how we are continuing to safeguard members’ super investment, and the government support available in relation to super.
 

Listen to our latest podcasts and audio message

In episode 30, Brian covers the global response to the crisis to date, how Sunsuper’s default investment option aims to protect members’ superannuation savings in challenging times, and the importance of members seeking financial advice before making any changes to their super investment strategy.

 

And in episode 31, Sunsuper’s Head of Asset Allocation outlines how Sunsuper is responding to the impact of the coronavirus on share markets, including how he and his team construct Sunsuper’s investment portfolios with members’ best interests at heart, how asset allocation works, and how he uses the power of diversification to cushion the blow of market downturns on members’ retirement savings.

Don't miss our future podcast episodes: subscribe and listen through Apple Podcasts and Spotify.

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Listen to Brian’s audio message to members

You can also listen to Brian’s audio message to members.

To speak to a Sunsuper financial adviser, please call us on 13 11 84.

Past performance is not a reliable indication of future performance. Sunsuper employees provide advice as representatives of Sunsuper Financial Services Pty Ltd (ABN 50 087 154 818 AFSL No. 227867) (SFS), wholly owned by the Sunsuper Superannuation Fund.