News

FUND DETAILS     USI: NES0100AU     ABN: 72 229 227 691     ADDITIONAL INFORMATION

Quarterly Investment Update – 31 December 2023

12 February 2024

NESS Super Continues to provide solid investment performance against benchmarks. 

All NESS Super options had positive returns for the December with the positive share market returns reacting positively to the outlook of a reduction in inflation.

NESS MySuper option return is +4.4% for the quarter ending 31 December 2023 in which most members are invested.

What has happened this quarter

Share Markets increased to high single digits in the December quarter. Developed markets outperformed emerging markets which were weighed down by a 5% decline in Chinese stocks. Share market returns were primarily driven by inflation decelerating to the lowest rates in more than two years in the US, Europe, and UK.

Fixed income markets also reacted positively to a reduction in inflation expectations recording strong gains while unlisted property investments remain challenged due to higher discount rates and muted demand for Australian commercial property.

The MySuper accumulation option returned 4.40% in the December quarter during a period when Australian shares, Global shares, listed property, and investment bonds all had positive returns.

The MySuper accumulation returned an impressive +10.22% for the calendar year 2023. This fantastic result is driven by a 30% allocation to Australian Shares, which returned 12%, and a 30% allocation to International Shares, which returned an outstanding 22%. The remaining 40% of the portfolio provides diversification and relative downside protection during periods when equities do not perform as well.

The NESS MySuper product remains balanced and diversified to manage risk and performance in a variety of economic environments, providing our members with peace of mind for their retirement. 

Near-term outlook

Although inflation is moderating, the path toward central bank targets could still be prolonged.  Recession risk appears to have moderated over the most recent time. However, high inflation, reduced consumer spending, geopolitical concerns, and an upcoming election in the U.S. introduce uncertainty into otherwise improved conditions over the quarter.

Investment option performance 

All Accumulation and pension investment options finished with positive returns for the quarter ending 31 December 2023.

NESS Super has a strong history as a top performing super fund. The NESS MySuper option ranks in the 2nd quartile in Super Ratings survey over the 3, 5, and 10-years periods.

MySuper investment option performance as at 31 December 2023

Investment Option Name3 Month (%)FYTD (%)3 Year (%pa)5 Year (%pa)10 Year (%pa)
NESS MySuper Accum4.403.866.287.436.62

Choice investment option performance as at 31 December 2023

Investment Option Name3 Month (%)FYTD (%)3 Year (%pa)5 Year (%pa)10 Year (%pa)
High Growth5.584.627.949.338.20
Stable3.593.122.834.194.34
Australian Shares7.356.878.909.788.00
Overseas Shares5.094.238.5210.549.24
Property 13.079.304.224.696.76
Cash0.891.801.371.241.67

 

Pension investment option performance as at 31 December 2023

Investment Option Name3 Month (%)FYTD (%)3 Year (%pa)5 Year (%pa)10 Year (%pa)
NESS MyPension Balanced15.044.406.947.836.80
High Growth26.355.258.9110.158.58
Stable34.183.643.054.494.33
Australian Shares48.728.20N/AN/AN/A
Overseas Shares45.814.85N/AN/AN/A
Property414.5319.85N/AN/AN/A
Cash1.052.131.551.461.93

 

Past performance is not a guarantee of future performance. Super member investment returns, and Account Based Pension (ABP) investment returns differ as Account Based Pension investment returns are tax free.

  1. Prior to 1 February 2021, the MyPension Balanced investment option was the Moderate investment option.
  2. Prior to 1 February 2021, the High Growth investment option was the Aggressive investment option.
  3. Prior to 1 February 2021, the Stable investment option was the Conservative investment option.
  4. New investment options introduced on 1 February 2021.

 

Things you should know

This publication has been issued by NESS Super Pty Ltd ABN 28 003 156 812 AFSL 238945 (the Trustee), as trustee of NESS Super ABN 72 229 227 691 (The Fund).

Investment returns are not guaranteed. Past performance does not guarantee future returns.

The information contained in this communication is current at the time of its publication. However, some information may change over time. The content is for general information only and does not constitute personal advice. We recommend that you consult with a suitably qualified person before making any financial decisions. Before deciding whether to acquire or hold a product, consider if it is appropriate for you. For more information on the Fund visit our website (nesssuper.com.au) to view our Financial Services Guide (FSG), the relevant Product Disclosure Statement (PDS) and the Target Market Determination (TMD).

 

 

 

8

Back to News