The MySuper Growth investment option automatically applies to all members below age 50 who do not make an investment choice. Members can also actively choose invest in this option. 

TelstraSuper Chief Investment Officer, Graeme Miller said that the results show the strong value in TelstraSuper’s Lifecycle MySuper arrangement.

“In the last 12 months, we have once again seen the benefits of our lifecycle arrangement which provides members with a higher exposure to growth assets, such as shares and property, for much of their working life, and then is designed to progressively reduce risk from age 50 onwards,” said Mr Miller. 

Meanwhile, for the same period, TelstraSuper’s MySuper Balanced investment option (which applies to members between age 50 and 65) earned 8.0%.  The MySuper Moderate option (which applies to members between age 65 and 70) earned 7.0% and the MySuper Conservative option (which applies to members above age 70) earned 4.9%. 

“Younger members under 50 years who are decades away from retirement generally have time on their side to ride out periods of market volatility that can come from a higher exposure to growth assets,” said Mr Miller. “Importantly, our Growth option is invested across a range of diversified assets, which makes investing super in this option typically less risky than investing in a single asset class, such as shares.”  

Mr Miller said TelstraSuper had carefully considered the appropriate risk and return levels for the different age groups in its lifecycle arrangement so that the capital of older members in more defensive options was better protected in the event of a market downturn.  

TelstraSuper also introduced a new stand alone High Growth investment option – separate to MySuper – in October 2023. This is designed for members seeking higher long term returns who are comfortable with high levels of fluctuations in returns, particularly over the short term. This option earned 12.24% for the 9 months to 30 June 2024. 

“This option has a high exposure to shares and a tilt towards technology and venture capital type investments,” said Mr Miller, “We’re delighted to see it off to such a strong start.”

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Are you in the right investment option?

TelstraSuper members can try our Investment Choice selector, provided by TelstraSuper Financial Planning. 

This intuitive tool is designed to make investment recommendations based on your needs.  In just a few minutes you can find out your investment style, your appetite for investment risk, and which investment option best suits you. From there, you can choose to switch options or get phone or face-to-face advice to support any decision making based on the tool.  

SEE WHAT TYPE OF INVESTOR YOU ARE 

Attend our upcoming Investment Update

TelstraSuper’s Chief Investment Officer, Graeme Miller, provides an investment performance overview, sharing valuable insights into global and domestic financial markets, current positioning, and the outlook for your super savings. Events are running around the country throughout August 2024.

FIND AN UPDATE NEAR YOU