LGIAsuper climbs industry rankings with competitive returns

Published 6 November 2020

The latest data from independent research and ratings company SuperRatings shows a competitive performance by LGIAsuper for the first quarter of 2020/21.

For the period of 1 July to 30 September 2020, SuperRatings has ranked five of LGIAsuper’s investment options (for Accumulation accounts) as top three performers in their categories¹.

  • Our default MySuper Lifecycle Under 75 option was ranked second in the SR50 MySuper category.
  • Our Diversified Growth option was ranked second in its category, and our Aggressive, Balanced and Australian Shares were all ranked third in their categories.

Quarterly returns for LGIAsuper options (Accumulation accounts), 1 July to 30 September 2020

Investment option

Quarterly returns %

Quarterly ranking

SuperRatings index

MySuper Lifecycle Under 75

2.95

2nd

SR50 MySuper

Aggressive

3.75

3rd

SR50 Growth (77-90)

Balanced

2.48

3rd

SR25 Conservative Balanced (41-59)

Diversified Growth

3.07

2nd

SR50 Balanced (60-76)

Australian Shares

4.34

3rd

SR50 Australian Shares


Looking at a longer timeframe, SuperRatings’ data shows LGIAsuper performing competitively over rolling one and three year periods.


Returns for LGIAsuper options (Accumulation accounts), as at 30 September 2020

Investment option

Rolling 1 year %
(and ranking)

Rolling 3 years %
(and ranking)

MySuper Lifecycle Under 75

1.06 (9th)

6.29 (9th)

Aggressive

1.7 (6th)

7.31 (3rd)

Diversified Growth

1.56 (6th)

6.45 (8th)

Balanced

1.77 (2nd)

5.91 (3rd)

Defensive

1.38 (9th)

3.71 (25th)

Australian Shares

-6.21 (9th)

5.94 (6th)

International Shares

6.83 (14th)

9.09 (19th)

Diversified Fixed Interest

3.15 (8th)

4.49 (4th)


LGIAsuper CEO Kate Farrar said despite COVID-19 making growth opportunities scarce it was reassuring to see the fund’s portfolios continuing to perform.

“Managing our members’ retirement savings is a responsibility we take very seriously. When people choose LGIAsuper they are putting their trust in our investment philosophy,” Ms Farrar said.

LGIAsuper runs a diversified investment program, spreading members’ money across a range of share market, property, infrastructure, debt and other growth assets, helping to cushion the impact on investment returns during times of market stress.

LGIAsuper is focused on solid long-term performance. Our default investment option has returned a compound average +8.83% per annum over 35 years (as at 30 June 2020)².

Ms Farrar added: “We continue to look for good quality infrastructure assets at home and abroad, as they tend to generate stable earnings over a long term, helping to reduce volatility in the fund. This includes assets such as the Sunshine Coast Airport, Central Queensland Livestock Exchange, North Queensland Gas Pipeline and the Gold Coast Light Rail network, to ensure that our investments are spread across different sectors and benefit the community as well as our members.”

 

  1. You can refer to the SuperRatings Fund Crediting Rate Survey September 2020 to obtain further information about these results, including how it calculates investment returns. The information is current as at the date of the SuperRatings Survey. LGIAsuper pays a fee to some research houses for surveying our funds. Investment returns are only one factor to be taken into account when deciding whether to invest. Past performance is not a reliable indicator of future performance.

  2. LGIAsuper’s default investment option has returned an average 8.83% per annum over 35 years (as at 30 June 2020). Returns are based on daily unit prices available to members. They are net of investment fees and taxes, and net of the 0.18% administration fee charged by the Fund. The $1.50 per account per week charge was not deducted from these returns. Note from 1 November 2020 the per account per week charge was reduced from $1.50 to $1.00. Past performance is not a reliable indicator of future performance.