investment update - November 2024

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 financial year-end 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:

1. The marquee event was the US Federal Reserve finally joining the rate easing cycle crowd with a 0.5% rate cut.
2. In contrast, the RBA left its cash rate at 4.35% and remained resolute in pushing back on vocal demands for rate cuts.
3. 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.
4. Government bonds and credit returns benefited from the expected US Federal Reserve rate cut.
5. 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 impact^TM

RIAA certifies Sustainable Growth as Sustainable Plus product

We’re honoured to announce that the Responsible Investment Association of Australasia (RIAA) has assessed and verified our Sustainable Growth investment option as meeting the requirements of a ‘Sustainable Plus’ classification, the highest rating that can be attained.¹

This assessment reflects the rigour of our responsible investment practice and Sustainable Growth option. 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 impact^TM 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 Product ratings are only one factor to be considered when making a decision. Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance.