John Pearce

UniSuper is pleased to provide an update on returns for the 22/23 financial year. Members will be reassured that all UniSuper investment options delivered positive returns for the 2022/23 financial year, a year that had no shortage of bad news with the ongoing war in Ukraine, high inflation, and the fastest rate hike cycle in decades.

In FY22/23, all our investment options recorded positive returns, with our (default) Balanced option recording 10.3% (or 11.8% for zero-tax pension accounts) – UniSuper is very proud to deliver for our members.

The highest performing investment options were UniSuper’s Global Companies in Asia at 21.0%, and International Shares at 16.4%.

Global Companies in Asia seeks companies that are well placed to benefit from the growing wealth of Asian consumers. Over 20% of the portfolio is invested in the tech giants that are being swept up in “AI euphoria”. Similarly, over 16% of the International Shares option is exposed to tech companies deemed to be at the forefront of AI.

Of our pre-mixed investment options, the top performers were the High Growth (14.0%) followed by Sustainable High Growth (13.8%). These strong returns are key to delivering the retirement outcomes our members expect, deserve and rely upon.

For those members within our Defined Benefit Division, our defined benefit fund remains in a strong surplus and our members’ accrued benefits are well funded.

As active, genuine long-term investors, we believe UniSuper’s portfolios are well positioned to deliver industry leading value to our members as they build and enjoy remarkable retirements.

Quotes attributable to John Pearce, UniSuper’s Chief Investment Officer “While it was good to see the Balanced option hit double digit returns for the financial year, our focus is always on the longer term. In that regard we are confident that current portfolio settings, with a quality bias and ample liquidity, places us in good stead to deliver on long term objectives.”

17 January 2023

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