Investment performance insights - December 2022

ESSSuper - 05 Dec 2022

Note: Investment performance only impacts the returns of investment options in our Accumulation Plan, Beneficiary Account, Working Income Stream, and Retirement Income Stream products.

"It's no secret that 2022 has seen challenging investment market conditions across the world, resulting in short-term negative investment returns," says Daniel Selioutine, ESSSuper's General Manager Investments.

"Of the 190 funds in the SuperRatings* Balanced survey, 179 reported negative returns for the 2021-22 financial year (with several reporting losses of more than -7.00%)."

"Over the last three financial years, our Basic Growth option (which is designed for members with a longer investment timeframe) generated returns in the top 25% of SuperRatings* Balanced funds, returning 4.93% compared to a median return of 4.07%."

Reflecting on the last twelve months, Daniel thanks all members for their patience during our recent transition of administration and technology platforms. "Change is never easy and we've had our fair share of issues along the way which has unfortunately impacted our typical levels of service to members. However, fund administration is in no way connected to investment performance and won't impact how your savings grow to retirement."

"Super," Daniel says, "is a long-term investment and market downturns inevitably recover, so it's important to focus on your long-term investment goals."

* Source: SuperRatings Fund Crediting Rate Survey dated 30 September 2022. SuperRatings is a third party superannuation research company providing data analysis, information and commentary to both the public and the superannuation industry. Established in 2002, it is the most widely used and accepted ratings firm in the superannuation industry. Refer to superratings.com.au for more information. Ratings are only one factor to be taken into account when choosing a super fund.

** ESSSuper Financial Advisers are authorised representatives of Link Advice Pty Ltd (Link Advice). Link Advice holds a current Australian Financial Services Licence No. 258145 and is responsible for the financial services provided to you. ESSSuper has an arrangement with Link Advice Pty Ltd to provide financial advice to ESSSuper members. ESSSuper pays Link Advice a fee for this service. Neither the Board, nor the Victorian Government, guarantee or endorse any recommendations made by Link Advice, or are responsible for the advice and actions of Link Advice.

Emergency Services Superannuation Board (ABN 28 161 296 741) (ESSB), the Trustee of the Emergency Services Superannuation Scheme (ABN 85 894 637 037) (ESSSuper).

Investment returns cannot be guaranteed as investment markets can be volatile. As a consequence, returns can be positive or negative. Past investment performance is not a reliable indicator of future performance.

Benefits in ESSSuper's Accumulation Plan, Income Streams and Beneficiary Account products are not guaranteed or underwritten by the Victorian Government or ESSSuper, and ESSSuper does not come under the jurisdiction of the Australian Financial Complaints Authority.

The information contained in this article is of a general nature only. It should not be considered as a substitute for reading ESSSuper's Product Disclosure Statement (PDS) that contains detailed information about ESSSuper products, services and features. Before making a decision about an ESSSuper product, you should consider the appropriateness of the product to your personal objectives, financial situation and needs. It may also be beneficial to seek professional advice from a licensed financial planner or adviser. An ESSSuper PDS is available at esssuper.com.au/pds or by calling 1300 650 161.