About us
News
The latest superannuation news and information, and investment news including share markets and movements in the economy.
See latest newsMonthly highlights
- The Growth (MySuper) option returned 1.11% for the month of July and 0.58% for the 12 months ending 31 July 2020.
- Share market indices continued to deliver positive returns in July with International (1.11%) and emerging markets (4.60%) outperforming the Australian share market (0.60%).
- The Reserve Bank of Australia left the cash rate unchanged at 0.25% at its meeting on 4 August.
*This estimate is based on inflation data for the 10 years to 30 June 2020 as inflation data is only available quarterly. It is based on a weighted average of the investment performance objective over the past 10 years.
**SuperRatings is a ratings agency that collects information from superannuation funds to enable performance comparisons. The SR 50 Balanced Survey includes investment options that are broadly similar to the Growth (MySuper) option, as these funds are all diversified with an allocation to growth assets of between 60% and 76%. SuperRatings data is for June 2020 and was reported on 19 August 2020.
Growth (MySuper) investment objective
From February 2020, a return objective of at least 3.25% p.a. above the rate of inflation, after investment fees and tax over a 10 year period, with a likelihood of a negative annual return being 3 to 4 in every 20 years.
Over the past 10 years, the Growth (MySuper) option has outperformed its investment objective and outperformed the SuperRatings SR50 Balanced median.
Disclosure
Past performance is not a reliable indicator of future performance. All Media Super performance and return figures disclosed in this investment update are based on the crediting rate, which is the return minus investment fees, the taxes, and until 31 January 2020, the percentage-based administration fee. Excludes fees and costs that are deducted directly from members’ accounts.
The information is about Media Super. It doesn’t take into account your specific needs, so you should look to your own financial position, objectives and requirements before making any financial decisions. Read the Media Super Product Disclosure Statement to decide whether Media Super is right for you, or call 1800 640 886 for a copy.