Our investment performance FY23-24
Our CEO and CIO, Debby Blakey and Sonya Sawtell-Rickson, share our 2023-24 financial year performance and a market recap.
Work
Read about our latest investment performance, a new rating for Sustainable Growth, and a peek behind the curtain of our internalisation.
investment excellence with impact
Balanced Growth (mySuper) Super and Income Stream Ready-Made options have delivered strong returns* over the 12 months to 30 September 2024.
Super and Transition to Retirement (TTR)
For Super members, our Balanced Growth option returned 13.09% over the 12 months to 30 September 2024*.
The Balanced Growth option (MySuper) returns to 30 September 2024
You can view the latest returns for all Accumulation and TTR options on our Super performance page.
HESTA for Mercy commenced 1 December 2022 and has the same investment options as HESTA. The past performance history shown here is the performance of the same investment options in HESTA.
* Investments may go up or down. Past performance is not a reliable indicator of future performance. Returns are net of investment fees and costs, transaction costs and taxes.
Retirement Income Stream
For Retirement Income Stream (RIS) members, our Balanced Growth option returned 14.61% over the 12 months to 30 September 2024, and our Conservative option returned 9.23% over the same period*.
Retirement Income Stream Balanced Growth option returns to 30 September 2024
Retirement Income Stream Conservative option returns to 30 September 2024
You can view all our returns on our Income Stream performance page.
Balanced Growth is the default option for HESTA Super, while a blend of Balanced Growth and Conservative is the default strategy for the HESTA Income Stream.
HESTA for Mercy commenced 1 December 2022 and has the same investment options as HESTA. The past performance history shown here is the performance of the same investment options in HESTA.
* Investments may go up or down. Past performance is not a reliable indicator of future performance. Returns are net of investment fees and costs, transaction costs and taxes.
market recap
Here’s the top 5 market moves from the last quarter:
- The marquee event was the US Federal Reserve finally joining the rate easing cycle crowd with a 0.5% rate cut.
- In contrast, the RBA left its cash rate at 4.35% and remained resolute in pushing back on vocal demands for rate cuts.
- Many equity markets reached record highs during September. The ASX200 had the best September quarter since 2013, and the S&P500 returned 5.5% over the same period.
- Government bonds and credit returns benefited from the expected US Federal Reserve rate cut.
- Lower inflation world-wide was supported by a slump in the oil price, but cost of living pressures may still see economic slowdowns in Australia and abroad.
super with impactTM
Sustainable Growth retains RIAA certification and receives Sustainable Plus classification
The Sustainable Growth investment option was certified by the Responsible Investment Association of Australasia (RIAA) in 2022. This recognises it meets the strict operational and disclosure practices required under the Responsible Investment Certification Program. We’re thrilled to announce that Sustainable Growth has retained certification as well as meeting the requirements of a ‘Sustainable Plus’ classification, the highest rating that can be attained. See www.responsiblereturns.com.au and RIAA's Financial Services1. We continue to seek to use our expertise and influence to deliver strong long-term returns* while accelerating our contribution to a more sustainable world.
How do HESTA’s internalisation efforts benefit our members?
Finally, we’re proud of the work our teams do, and would love to share a look behind the scenes.
What'd we do?
Over the last quarter, HESTA internalised the management of more than $5 billion worth of assets across Australian equities and cash. Significant coordination across the business led to the efficient delivery of this milestone. Our in-house capability now manages over 15% of our portfolio.
How does that help you?
Our internalisation strategy is helping to deliver value for our members by giving us greater agility and flexibility, which means we can move quickly on more investment opportunities, and at a lower cost to members.
It’s all part of providing investment excellence with impact.
Learn more about Super with impactTM on the HESTA website.
* Investments may go up or down. Past performance is not a reliable indicator of future performance. Returns are net of investment fees and costs, transaction costs and taxes.
1 The Responsible Investment Certification Program provides general advice only and does not take into account any person’s objectives, financial situation, or needs. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Because of this, you should consider your own objectives, financial situation and needs and also consider the terms of any product disclosure document before making an investment decision. Certifications are current for 24 months and subject to change at any time.
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Investing with impact
Our vision is to use our expertise and influence to deliver strong long-term returns and help accelerate our contribution to a more sustainable world.