In this update...

- Mar 2013 Investment Update
-
Accumulation Returns
-
Income Stream Returns

AvSuper News
- MySuper licence granted
- Investments App

- Search for lost super
- 2013 Mothers Day Classic
 

Contact us
p.
1800 805 088
e.
avsinfo@avsuper.com.au
web.
www.avsuper.com.au

AvSuper Calculator

 

Welcome to your April AvSuper bulletin

MySuper legislation comes into effect on 1 July 2013 and AvSuper is one of the first 10 funds to be granted a MySuper licence. We will be contacting all members affected by this change, although there will be little impact on most members.

For those of you in Canberra, we'd love to see you at Commonwealth Park on 12 May for the Mothers Day Classic. And if you're not walking/running, we'd appreciate some volunteer assistance, too. If not in Canberra, we hope you'll support this event in your area, too.

I would also like to remind you that the financial year is ending soon so time is running out if you want to make contributions to qualify for a co-contribution or maximise your contributions below Government thresholds.

 

Amy Ward,
Acting CEO

 

 


AvSuper answers common questions about superannuation

 

March 2013 Investment Update

Markets rally but risks continue to shake investor sentiment

In what has become a consistent recent theme, equity markets edged higher in response to the various stimulatory activities of the major economic zones and improved investor sentiment. The US S&P500 index managed to reach new all time highs by quarter end – an extraordinary result considering recent sentiment in relation to Europe and China, as well as the automatic US budget cuts which will remove US$85B from US agency budgets between October 2012  and the end of March.

Late in the quarter, investor confidence was shaken by events in Cyprus and the possible implications for the broader European region. In China, recent Purchasing Managers Index and CPI data disappointed which trickled-down to effect commodities, which generally struggled over the quarter with the exception of Gas which returned 20%.

The MSCI World ex-Australia Index (hedged in $A) was up 10.6% over the quarter. With the $A strengthening against all major currencies, unhedged returns (in $A) were slightly weaker at 7.4%. The US (10.7%), the UK (9.7%) and Japan (21.5%) markets posted excellent returns over the quarter, while the Euro region generally posted more subdued returns due to concerns about Cyprus.

The S&P/ASX300 Accumulation Index posted an excellent result, returning 8.0% over the quarter, but underperformed in hedged global equities. Resources were once again the main detractor from the overall Index performance due to the Materials sector (-8.5%) significantly lagging the broader market as the only sector posting a negative result over the quarter. Strong double digit performance was achieved by the Industrials, Consumer Discretionary, Consumer Staples, Financials and IT sectors. Energy, Telecoms, and Utilities lagged the broader index but still managed to achieve solid absolute performance while Health Care performed in line with the broader market.

Recent events in Cyprus emphasize that the market recovery is still vulnerable to shocks and rapid changes in sentiment. For the time being, investor sentiment appears to be split between the view that the recent market rally isn’t supported by earnings growth, and a view that there is a ‘weight of money’ moving from bonds to equities which will continue to support equity prices.

 


Scott Malpass
Investment Officer


Further AvSuper related market insights are also provided.

Accumulation Returns (net of fees and taxes) to 31 Mar 2013

 

Income Stream Investment Returns
(net of fees) to 31 Mar 2013

Investment Option

Quarter

Financial year to date

3 years (annualised)

Growth#

5.5

15.2

6.5

Conservative Growth

2.6

7.8

7.1

Stable Growth

3.5

10.2

6.9

High Growth

7.5

20.6

7.1

Australian Shares

9.3

28.5

N/A ^

International Shares

6.9

16.2

N/A ^

Cash

0.8

2.5

4.6

 

       

 

Investment Option

Quarter

Financial year to date

3 years (annualised)

Growth#

6.0

16.6

7.4

Conservative Growth

3.0

8.9

8.0

Stable Growth

3.9

11.5

7.9

High Growth

8.4

23.2

7.5

Australian Shares

9.3

28.4

N/A ^

International Shares

7.9

18.7

N/A ^

Cash

0.9

2.9

5.0

Past performance may not be an indicator of future performance. Taxes generally do not apply for income stream accounts.
# Your super will be invested in our Growth Option if you don't make an investment choice.
^ The two Shares options were introduced on 1 May 2010.
The investment returns for the quarter and the financial year to date detailed above are real investment returns for the period shown, not annualised or 'per annum' returns which may differ from the numbers above.

AvSuper News

MySuper licence granted - AvSuper is one of the first 10 funds to get a MySuper licence so will be offering this from 1 July 2013. AvSuper was able to meet the new requirements with minimal changes and is now able to accept employer default contributions into the AvSuper Fund.

Welcome to Andrew Cooke - the AvSuper Trustee consists of eight Directors and we are pleased to announce our newest Director is Andrew Cooke.

Investments app – we are working on a mobile app to help you keep up to date with investment information. If you would like to be one of the first to see the app and give us some feedback before our launch, please contact us via email.

We can do a search for lost super on your behalf – simply give us permission (by calling, emailing or writing to us) to use your TFN to search the ATO database. It costs you nothing and we’ll let you know what we find.

Mothers Day Classic – AvSuper is supporting the MDC in Canberra on 12 May at Commonwealth Park. We’d love our members to walk or run, too, or sponsor us to help fight against breast cancer. Or give us a call if you can volunteer with us.
 

Roll into AvSuper to save paperwork and fees

AvSuper is interested in your opinion so please let us know if you have any feedback about the bulletin
or want to read about a specific issue in a future bulletin.


Did you know you can get emails as soon as we put anything onto the news section of our website? You can subscribe on www.avsuper.com.au/news at any time.


Contact us
p.
1800 805 088
e. avsinfo@avsuper.com.au
web.
www.avsuper.com.au

This information is of a general nature only and does not take into account your personal objectives, situation or needs. Before making a decision about AvSuper, you should consider your own requirements and the relevant Product Disclosure Statement (PDS). For a copy call us or download one from www.avsuper.com.au. AvSuper Pty Ltd (ABN 46 050 431 797,AFSL 239078) is the Trustee of the is the Trustee of the AvSuper Fund (ABN 84 421 446 069).

Download Forms>>

AvSuper Calculator>>

Member Guides & PDS>>