Anna Shelley

AMP has delivered a return of 9.1 per cent for members of its AMP MySuper 1970s superannuation fund option for the financial year ending 30 June 2023.

Part of AMP’s Lifestage MySuper offer, the 1970s option uses a balanced growth asset allocation and is the largest by funds under management.

Those AMP MySuper members born in the 1980s and 1990s and with exposure to a higher growth asset allocation achieved returns of 9.4 per cent and 9.7 per cent respectively for the financial year.

The investment option returns are calculated from changes in the unit price of the investment option and are after the deduction of investment fees, costs and superannuation fund earnings tax included in the unit price. Past performance is not a reliable indicator of future performance. Anna Shelley, AMP’s Chief Investment Officer said: “Delivering strong and sustainable investment returns is a priority and this is a pleasing result for AMP MySuper members.

“The returns demonstrate that AMP’s Lifecyle MySuper is working for members as intended.

“Our younger members – those born in the 1990s, 80s and 70s – have all achieved returns in excess of nine per cent. These portfolios intentionally have higher exposure to growth assets like shares, property and infrastructure.

“We’ll continue to prudently and actively manage our investment portfolios for members, ensuring diversification across asset classes, with appropriate liquidity and exposure to unlisted assets.

“With a relatively lower weighting to unlisted assets we see opportunity to take advantage of buying opportunities as valuations continue to decline in the coming months.”

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