AustralianSuper, Australia’s biggest pension fund, has logged a record return of 20.43 percent in the 12 months ending June 30, according to Bloomberg.
The results were driven by strong market performance following the COVID-19 pandemic. This marks the 12th consecutive year of gains for the pension fund, bringing its assets under management from A$180 billion ($135 billion) in 2020 to A$225 billion ($169 billion).
“Yet again we have seen that markets recover after downturns, which reinforces the fact that maintaining long-term discipline increases the potential for long-term investment success,” said Mark Delaney, CIO of AustralianSuper.
