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The latest superannuation news and information, and investment news including share markets and movements in the economy.
See latest newsMonthly highlights
- The Growth (MySuper) option returned 2.54% for the month of October and -4.14% for the 12 months ending 31 October 2022.
- Australian and Global shares* delivered a return of 5.96% and 6.10% (hedged) respectively for the month of October 2022.
- The Reserve Bank of Australia increased the cash rate to 2.60% in its October meeting.
*ASX 300 Accumulation Index and MSCI ACWI ex Aust Net Divs Custom Tax Hedged to AUD.
Super Investment Option Performance (crediting rate)
Pre-mixed options:
The Conservative Growth accumulation option commenced on 6 July 2017. Until 14th February 2022, Cash was formally known as Cash Savings, and Growth (MySuper) was formally known as Growth (Cbus MySuper).
| High Growth | Growth Plus | Growth (MySuper) |
Indexed Diversified |
Conservative Growth |
Conservative | |
|---|---|---|---|---|---|---|
| 1 month | 3.76% | 3.14% | 2.54% | 4.35% | 1.92% | 1.26% |
| FYTD | 2.60% | 2.17% | 1.81% | 3.50% | 1.06% | 0.30% |
| 1 Year | -6.13% | n/a | -4.14% | n/a | -4.38% | -3.98% |
| 5 Years p.a. | 7.16% | n/a | 6.08% | n/a | 4.46% | 3.02% |
| 10 Years p.a. | 10.03% | n/a | 8.59% | n/a | n/a | 4.71% |
| Funds managed ($m) | 4,538.98 | 446.62 | 58,065.16 | 19.74 | 854.30 | 1,195.40 |
DIY options
The Growth Plus, Indexed Diversified, Overseas Shares, Australian Shares, Property and Diversified Fixed Interest options commenced on 14 February 2022 therefore crediting rate information for longer time periods are not applicable.
Overseas Shares |
Australian Shares |
Property | Diversified Fixed Interest |
Cash | |
|---|---|---|---|---|---|
| 1 month | 5.47% | 5.20% | 1.49% | 0.50% | 0.22% |
| FYTD | 3.39% | 6.40% | -2.30% | -1.16% | 0.66% |
| Funds managed ($m) | 38.02 | 156.47 | 44.40 | 46.23 | 1,745.21 |
Transition to Retirement Option Performance (crediting rate)
Pre-mixed options:
The Conservative Growth option commenced on 1 July 2017. Until 14th February 2022, Cash was formally known as Cash Savings.
| High Growth | Growth Plus | Growth | Indexed Diversified |
Conservative Growth |
Conservative | |
|---|---|---|---|---|---|---|
| 1 month | 3.73% | 3.15% | 2.59% | 4.30% | 1.92% | 1.26% |
| FYTD | 2.57% | 2.17% | 1.84% | 3.47% | 1.07% | 0.29% |
| 1 Year | -6.20% | n/a | -4.14% | n/a | -4.38% | -3.97% |
| 5 Years p.a. | 7.24% | n/a | 6.18% | n/a | 4.55% | 3.06% |
| 10 Years p.a. | n/a | n/a | n/a | n/a | n/a | n/a |
| Funds managed ($m) | 18.08 | 3.59 | 154.51 | 0.74 | 134.43 | 15.18 |
DIY Options:
The Growth Plus, Indexed Diversified, Overseas Shares, Australian Shares, Property and Diversified Fixed Interest options commenced on 14 February 2022 therefore crediting rate information for longer time periods are not applicable.
Overseas Shares |
Australian Shares |
Property | Diversified Fixed Interest |
Cash | |
|---|---|---|---|---|---|
| 1 month | 5.45% | 5.21% | 1.53% | 0.50% | 0.22% |
| FYTD | 3.41% | 6.42% | -2.22% | -1.15% | 0.66% |
| Funds managed ($m) | 0.65 | 2.65 | 0.42 | 0.61 | 12.16 |
Fully Retired Option Performance (crediting rate)
Pre-mixed options:
The Conservative Growth Income Stream option commenced on 1 December 2013. Until 14th February 2022, Cash was formally known as Cash Savings.
| High Growth | Growth Plus | Growth | Indexed Diversified |
Conservative Growth |
Conservative | |
|---|---|---|---|---|---|---|
| 1 month | 4.12% | 3.49% | 2.87% | 4.80% | 2.17% | 1.42% |
| FYTD | 3.18% | 2.67% | 2.24% | 3.91% | 1.41% | 0.42% |
| 1 Year | -6.35% | n/a | -4.36% | n/a | -4.48% | -4.49% |
| 5 Years p.a. | 8.09% | n/a | 6.91% | n/a | 5.32% | 3.42% |
| 10 Years p.a. | 11.24% | n/a | 9.63% | n/a | n/a | 5.33% |
| Funds managed ($m) | 149.46 | 33.14 | 1,604.62 | 3.85 | 1,937.25 | 702.62 |
DIY options:
The Growth Plus, Indexed Diversified, Overseas Shares, Australian Shares, Property and Diversified Fixed Interest options commenced on 14 February 2022 therefore crediting rate information for longer time periods are not applicable.
Overseas Shares |
Australian Shares |
Property | Diversified Fixed Interest |
Cash | |
|---|---|---|---|---|---|
| 1 month | 6.07% | 5.63% | 1.66% | 0.61% | 0.26% |
| FYTD | 3.74% | 7.04% | -2.79% | -1.38% | 0.76% |
| Funds managed ($m) | 3.19 | 18.71 | 4.19 | 11.38 | 275.91 |
Market overview
Investment Environment Overview (current as at 25 November 2022)
Developed markets around the world rebounded in October, reversing some of the losses that have dominated the major asset classes for much of the year to date.
A positive month was well received in the UK, as the country faces an imminent recession. UK assets reacted positively to Rishi Sunak being appointed leader of the Conservative Party and, by extension, becoming the country’s new prime minister. His fiscally conservative reputation and prior experience as chancellor helped to stabilise gilt yields and in turn interest rate expectations. As a result a number of domestically-focused areas of the market recouped some of their prior losses.
It’s unclear whether the momentum we saw in October will continue, as Central banks around the world continue to increase interest rates with the aim of reining in rising inflation.
Asset allocation
The Strategic Asset Allocations for all investment options can be found on the following pages:
The Actual Allocation for the Growth (MySuper) option is shown below.
| Actual allocation 31/10/2022 | Growth (MySuper) |
|---|---|
| Australian shares | 22.30% |
| Global shares | 23.62% |
| Emerging market shares | 2.86% |
| Private equity | 2.04% |
| Alternative growth | 1.53% |
| Infrastructure | 13.71% |
| Property | 13.07% |
| Global Credit | 7.23% |
| Fixed interest | 6.82% |
| Cash | 6.83% |
| Growth / Defensive allocation split | 69.35% / 30.65% |
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 October 2022. 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 (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.