FY24 INVESTMENT WRAP
News | Date Posted 26 November 2024
The 2023-24 financial year was a positive period for markets, especially driven by international shares, with the Fund ending the past financial year on a really strong note.
Over the financial year Mine Super grew members’ retirement balances, despite the challenge of increased interest rates.
As with the 2022-23 financial year, performance across the Fund was driven by global and domestic share markets with US technology stocks being the biggest contributor.
Rising prices and cost of living pressures were evident across the economy with banks around the world lifting rates to control inflation.
Inflation was slowly declining, and interest rate cuts are expected as we move into 2025 and as inflation continues to trend lower.
HEAR FROM OUR CHIEF INVESTMENT OFFICER
Watch the video below to hear from our Chief Investment Officer Seamus Collins as he reflects on the past financial year and how our investment options performed, as well as his outlook for the coming year.
Past performance isn't necessarily an indication of future performance.
WE'RE NUMBER 1 - AGAIN!
We’ve done it again! Just like last year, our super Growth investment option was the top performing growth fund in FY24, according to analysis by research agency Chant West, achieving a return of 10.7%*. Not only that, our super High Growth option ranked in the top 3 of all default investment options, for three and five year performance, as at 30 June 2024^.
For an up to date overview of our investment performance, check out this page.
Past investment performance isn’t necessarily an indication of future performance.
TURN TO MINE
For the latest returns for all of our investment options, view the investment performance page.
If you have any questions about our investment options or performance, you can reach us on 13 64 63, Monday to Friday, 8am to 6pm, or enquire online. We can also put you in touch with Mine Super Financial Advice for additional support to help you decide what’s right for you. Mine Super members are entitled to a complimentary appointment. And did you know? Advice on how your account is invested is at no extra cost, but there are fees associated with providing personal financial advice. During your appointment your adviser will discuss the fees and how you’d like to proceed.
Meet the team or request an appointment with Mine Super Financial Advice.
*Source: Chant West, Super funds deliver strong result in FY24, 17 July 2024
^Source: SuperRatings FCRS, June 2024