QSuper, one of Australia’s largest superannuation funds with more than A$110 billion ($70 billion) under management, said its balanced investment option clocked positive investment performance in the March quarter.
According to the report, QSuper’s investment option delivered a 12-month return of 0.44 percent and an average return of 7.43 percent over the past 10 years, ending March 31.
QSuper CIO Charles Woodhouse said, despite the quarter’s market volatility, QSuper was one of only three superannuation funds to post a positive investment return for the year.
“Despite the ongoing market volatility, QSuper’s Balanced investment option finished the quarter as an industry leader in investment performance over both the short and long term,” said Woodhouse. “The reality is that short-term low or even negative returns are an expected part of a long-term investment portfolio. While super funds have posted negative returns this quarter due to the impact o
