The industry superannuation
fund for hospitality, tourism,
recreation and sport has today
announced an interim return
of 13.2 per cent for Hostplus’
default MySuper Balanced
Option after tax and after fees –
placing Hostplus as the number
one performing fund, according
to Chant West and SuperRatings.
Warren Chant, Director of leading
independent superannuation
consultancy Chant West, said it has
been an excellent year for super
funds, with Hostplus’ Balanced
Option topping the growth category
over the 2016-17 financial year.
“While much of the focus this time
of the year is on the financial year
result, longer-term performance
is far more important to Hostplus’
investment team. The fund’s
investments team, led by Chief
Investment Officer Sam Sicilia, has
done an exceptional job for their
members for a very long time.
“Hostplus’ Balanced Option
has consistently been a top-ten
performer over one, three, five,
seven and ten years to June 2017
in our survey,” Mr Chant said.
Hostplus’ sustained top quartile
performance has been bolstered by
the fund’s long-term strategic asset
allocation to unlisted assets – such
as property, infrastructure, credit
and private equity – which have
outperformed cash and bonds.
This was also supported by the
fund’s heavy approach to active
management, especially in the
equities and credit asset classes
this financial year.
David Elia, Hostplus Chief Executive
Officer said this is a terrific result
for the fund’s one million members.
“We are delighted to announce that
our members are in line to receive
an outstanding investment return
again this financial year.
This 13.2 per cent return after fees
and after taxes delivers industry-
best net benefit returns to our
members,” Mr Elia said.
Hostplus’ strong performance has
also been consistently recognised
by independent research provider,
SuperRatings, where the fund’s
default option has ranked number
one over one, three, five and seven
years (SR 50 Balanced Investment
Option Survey, June 2017).
which serves to protect our
members from market downturns
and maximise their returns.
“These results are further
vindication that the industry fund
model and our profit-for-member
philosophy consistently continues to
deliver more to working Australians,”
Mr Elia said.
“We are delighted to
announce that our
members are in line to
receive an outstanding
investment return again
this financial year.
This 13.2 per cent return
after fees and after taxes
delivers industry-best net
benefit returns to
our members”
“While this year’s results are
pleasing, this investment formula
isn’t new to Hostplus, nor has it
been the result of good luck.
“Our default MySuper Balanced
Option offers a diversified portfolio
across a wide range of asset classes
that has achieved top quartile
performance over all investment
horizons. It is this diversification
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