Returns rise above 10% in 2023
5 February 2024
Gains exceeded 10 per cent across most options in 2023 in a year of excellent performance, explains Ed Tomlinson.
Most smartMonday investment options, including the most popular choices among members, returned more than 10 per cent by the end of calendar year 2023.
This included 14.4 per cent for our High Growth – Index option (above high growth options’ industry median return of 12.9 per cent according to SuperRatings) and 12.8 per cent for our Growth – Index option (higher than the 11 per cent median return for growth options reported by SuperRatings).
We recorded gains of 11.1 per cent for Balanced Growth – Index and 10.1 per cent for Balanced Growth – Active. These results were above balanced options’ industry median return of 9.6 per cent according to SuperRatings.
Our dedicated International Shares – Index option gained 20.3 per cent while International Shares – Diversified increased 19.5 per cent.
And all of our Australian shares and property options also increased by more than 10 per cent in 2023, as did all segments of our MySuper option up to age 60.
You can see performance figures for selected options below. And for all our options in the investment returns section of our website.