Monthly highlights

  • The Growth (Cbus MySuper) option returned 0.71% for the month of February and 7.69% for the 12 months ending 28 February 2021.
  • Australian and Global shares delivered returned of 1.48% and 2.43% (hedged) respectively.
  • The Reserve Bank of Australia left the cash rate unchanged at 0.10% in its meeting on 2 February. 

Super Investment Option Performance (crediting rate)

 

  Cash Savings Conservative Conservative Growth* Growth (Cbus MySuper) High Growth
1 month 0.00% -0.61% 0.08% 0.71% 1.25%
FYTD  0.05% 3.11% 6.87% 10.94% 15.19%
1 Year 0.20% 2.32% 5.27% 7.69% 11.99%
5 Years p.a. 1.23% 5.25% n/a 9.22% 11.37%
10 Years p.a. 1.97% 5.76% n/a 8.85% 9.96%
Funds managed ($m) 1,065.06 1,077.07 649.64 49,507.95 3,509.36

*The Conservative Growth accumulation option commenced on 6 July 2017.

Transition to Retirement Option Performance (crediting rate)

 

  Cash Savings* Conservative* Conservative Growth* Growth*
High Growth*
1 month 0.00% -0.61% 0.08% 0.65% 1.27%
FYTD  0.06% 3.11% 6.89% 10.72% 15.23%
1 Year 0.20% 2.32% 5.33% 7.95% 12.05%
5 Years p.a. n/a n/a n/a n/a n/a
10 Years p.a. n/a n/a n/a n/a n/a
Funds managed ($m) 9.84 21.15 161.75 151.24 25.21

*These options commenced on 1 July 2017. 

Fully Retired Option Performance (crediting rate)

 

  Cash Savings Conservative Conservative Growth* Growth High Growth
1 month 0.00% -0.71% 0.09% 0.74% 1.41%
FYTD  0.07% 3.41% 7.71% 11.88% 16.85%
1 Year 0.23% 2.81% 6.41% 8.81% 13.24%
5 Years p.a. 1.53% 6.01% 8.41% 10.41% 12.69%
10 Years p.a. 2.39% 6.54% n/a 9.90% 11.09%
Funds managed ($m) 107.25 601.11 1,545.12 1,036.31 113.20

**The Conservative Growth Income Stream option commenced on 1 December 2013.

Market overview

Global equity markets continued their advance throughout most of February 2021 due to continued optimism over vaccination efforts that will help the world move past COVID as well as high expectations. The ASX 300  rose to 1.03%* in February, a significant increase from 0.33% in January. 

The yield on Australian 10-year government bonds rose to 1.88% at month end despite the unchanged stance on easy monetary policy. The U.S. 10-year Treasury yield rose by 37 basis points to 1.46%. Rising inflation expectations on the back of stronger commodity prices, a stronger Australian dollar and the large fiscal stimulus package all added to the sell-off in government bonds.

*JP  Morgan

Asset allocation

The Strategic Asset Allocations for all investment options can be found on the following pages:

The Actual Allocation for the Growth (Cbus MySuper) option is shown below.

 

Actual allocation 28/2/2021 Growth (Cbus MySuper)
Australian shares 22.49%
Global market shares 26.44%
Emerging market shares 6.43%
Private equity 2.76%
Alternative growth 1.48%
Infrastructure 11.03%
Property 10.82%
Mid-risk alternatives 5.77%
Fixed interest 6.78%
Cash 6.01%
Growth / Defensive allocation split 73.41% / 26.59%

Note: Growth assets include Australian Shares, International Shares, Private Equity, Alternative Growth, 50% of Infrastructure, 50% of Property and 50% of Mid-Risk Alternatives. Defensive assets include Cash, Fixed Interest, 50% of Infrastructure, 50% of Property and 50% of Mid-Risk Alternatives.

Figures are subject to rounding. Actual asset allocation is current as at 31 July 2020. Asset classes are the building blocks of our investment options. We allocate different proportions to each asset class with the aim of meeting each option’s investment risk and return objective. By investing across a range of asset types, the risk of loss is reduced through diversification. 

For more information see asset classes.

We periodically review our investment strategy and believe that the Growth (Cbus MySuper) option is well positioned for growth over the medium to long term, while maintaining some defensive exposure. Cbus’ investment options, with the exception of the Cash Savings option, are broadly diversified across asset classes.

 

Glossary

Investment type Market index

Australian shares

S&P ASX 300 Accumulation Index

Global shares – currency hedged

MSCI All Countries World Ex-Australia Index (Hedged, $A)

Global shares – currency unhedged

MSCI All Countries World Ex-Australia ($A)

Emerging markets – currency unhedged

MSCI Emerging Markets ($A)

Australian unlisted property

MSCI/IPD Australian Property Pooled Index

Australian bonds

Bloomberg AusBond Composite Bond Index

Global bonds

Citi World Government Bond Index (Hedged, $A)

Australian cash

Bloomberg AusBond Bank Bill Index

Disclosure

Past performance is not a reliable indicator of future performance. All Cbus performance and return figures disclosed in this investment update are based on the crediting rate, which is the return minus investment fees, the taxes, and until 31 January 2020, the percentage-based administration fee. Excludes fees and costs that are deducted directly from members’ accounts.

The information is about Cbus. It doesn’t take into account your specific needs, so you should look to your own financial position, objectives and requirements before making any financial decisions. Read the Cbus Product Disclosure Statement to decide whether Cbus is right for you, or call 1300 361 784 for a copy.