Business Daily Media

Equip & Catholic Super beat coronavirus downturn

  • Written by Media Release


Equip and Catholic Super have defied the worst market downturn since the Global Financial Crisis, delivering positive returns to members invested in the joint trustee’s flagship balanced options.

In a financial year end that saw COVID-19 market jitters push most super funds into negative territory, Equip’s Balanced Growth option captured a 1.7% return and Catholic Super’s Balanced option +0.52%. Both funds’ returns are above 8% p.a. over 10 years – proving once again that long term gets the returns.

Anna Shelley, Chief Investment Officer, said that the funds deployed a number of strategies to protect members’ retirement savings as COVID-19 disrupted financial markets.

Global markets fell significantly and very quickly as the coronavirus pandemic hit back in March. Despite the initial panic, markets have significantly rebounded since then,” she said.

As markets bottomed through March, the funds bought $1 billion of equities and, after markets had recovered substantially, $1 billion of equities was steadily ‘sold off’. Many small, conservative actions were implemented to protect and add to our members’ retirement savings.

Put another way, while markets are still a bit lower than their record February highs, they’re back to late 2019 numbers.

Equip and Catholic Super’s investment team is closely watching the markets and resetting strategies as conditions change during the pandemic, positioning members’ retirement savings for long-term growth as markets and economies reset and recover for life after the crisis.

Both funds are known for their track record of delivering for members, particularly in tough times, so we are very pleased to achieve these results, supporting our members’ retirement outcomes. Our long term results show that investments require time in the market. The key is consistently strong results over many years.”

Scott Cameron, Equip and Catholic Super Chief Executive Officer, said managing both risk and opportunities to grow members’ wealth is essential, particularly at a time when consumers are seeking to chase returns.

Both funds have a long-term growth plan to deliver competitive fees and performance. The results for the 12 months to June and a longer 10 year period show that the funds are growing members’ retirement savings during both difficult and more optimistic times,” he said.

Business Today

Why growing small businesses are rejecting traditional loans to stay afloat

Australian small businesses look for alternatives to fund growth A record number of Australian small businesses are ditching traditional bank loans to fund growth and generate cash flow. “Around 75% of businesses who come ...

The most common mistakes active travellers make that put their lives in danger

PIONEERING scale-up Advanced Mobility Analytics Group (AMAG) is calling for the phasing out of historic methods that rely on crash data for managing pedestrian risk on our roads with more powerful, proactive methods enabled by...

3 in 4 fundraisers have experienced sexual harassment on the job – often because of inappropriate behavior from donors

Sexual harassment is a common workplace hazard for nonprofit fundraisers.fizkes/iStock/Getty Images PlusWhile the #MeToo movement that raised public awareness of sexual harassment is making fewer headlines than it did in 2017 and ...

Cathay Pacific 2021 Sustainability Report

New commitments in carbon neutrality and diversity, and supporting the Hong Kong community during the pandemicThe Cathay Pacific Group has released its annual Sustainable Development Report that addresses its commitment and prog...

Cozycozy, is tackling consumer manipulation in the travel industry

With its user-centric algorithm, Cozycozy fights against the Online Travel Agencies' rampant manipulation of consumers’ choices. In 2019, 112.3 million domestic trips and 11.3 Million international trips were taken by Austral...

Foreign companies exiting Russia echo the pressure campaign against South Africa's racist apartheid system

McDonald's is leaving Russia after three decades of operating there.Sefa Karacan/Anadolu Agency via Getty ImagesMcDonald’s provided many Russians with their first taste of capitalism three decades ago. Now, the global fast-f...

Business Daily Media Business Development

Why growing small businesses are rejecting traditional loans to stay afloat

Australian small businesses look for alternatives to fund growth A record number of Australian small businesses are ditching traditional bank loans to fund growth and generate cash flow...

Optipay CEO Angus Sedgwick - avatar Optipay CEO Angus Sedgwick

The most common mistakes active travellers make that put their lives in danger

PIONEERING scale-up Advanced Mobility Analytics Group (AMAG) is calling for the phasing out of historic methods that rely on crash data for managing pedestrian risk on our roads with mor...

Simon Washington, AMAG CEO - avatar Simon Washington, AMAG CEO

Rishi Sunak's £15 billion cost-of-living package and windfall tax: four experts respond

Rishi Sunak, the UK chancellor of the exchequer, has unveiled a £15 billion package of measures to help households with the cost of living, after energy watchdog Ofgem announced it wou...

Jonquil Lowe, Senior Lecturer in Economics and Personal Finance, The Open University - avatar Jonquil Lowe, Senior Lecturer in Economics and Personal Finance, The Open University

the economic tactics that drive Liverpool and Real Madrid

Liverpool against Real Madrid in the Champions League final is a fixture for football fans to savour – two giants battling it out for one of the most prized trophies in the game. And r...

Simon Chadwick, Global Professor of Sport | Director of Eurasian Sport, EM Lyon - avatar Simon Chadwick, Global Professor of Sport | Director of Eurasian Sport, EM Lyon

Cathay Pacific 2021 Sustainability Report

New commitments in carbon neutrality and diversity, and supporting the Hong Kong community during the pandemicThe Cathay Pacific Group has released its annual Sustainable Development Repor...

Business Daily Media - avatar Business Daily Media

Cozycozy, is tackling consumer manipulation in the travel industry

With its user-centric algorithm, Cozycozy fights against the Online Travel Agencies' rampant manipulation of consumers’ choices. In 2019, 112.3 million domestic trips and 11.3 Million i...

Business Daily Media - avatar Business Daily Media



NewsServices.com

Content & Technology Connecting Global Audiences

More Information - Less Opinion