Investment Performance Highlights – 12 June 2020

ESSSuper - 12 Jun 2020

Daniel Selioutine, Head of Investments, takes the opportunity to review market activity and the Fund’s performance in light of recent events.

Financial markets gave up some of last month’s gains as investors paused to take stock of the risk of new Coronavirus cases in the U.S. stalling efforts to re-open the economy. The recent spike in new cases coincides with public protests that have weakened social distancing measures. Equity market losses were largest in sectors that are most impacted by lockdowns (airlines and hospitality). Leading indicators of economic activity have been tentatively constructive on economic activity rebounding to a reasonable level in the absence of COVID-19 restrictions. Financial markets will likely be closely monitoring the ability of U.S. authorities to identify and isolate new infections in the month ahead..

ASSET CLASS RETURNS

Australian equity markets (S&P / ASX 200) returned -0.6% this week and 4.2% last week. The U.S. equity market (S&P 500 in US dollars) lost -6.0% this week and gained 5.0% last week. Sovereign bonds (Bloomberg AusBond Composite 0+ Year Index) gained 0.8% this week and lost -0.8% last week.

We're here to help

Our aim is to help every member achieve a comfortable and financially secure life in retirement through investment options that meet their retirement objectives over the long-term. We have a range of foundational principles that we adhere to when it comes to making these decisions. To learn more about how our investment approach works, click here.

Before you make any change to your super investment strategy, we encourage you to speak to an ESSSuper financial adviser, to book an appointment please call us on 1300 650 161 or email us at info@esssuper.com.au

All investment figures quoted relate to before-tax performance of the relevant industry benchmark. Investment returns cannot be guaranteed as investment markets can be volatile. As a consequence, returns can be positive or negative. Past investment performance is not a reliable indicator of future performance.

ESSSuper Financial Advisers are authorised representatives of Link Advice Pty Ltd (Link Advice). Link Advice holds a current Australian Financial Services Licence No. 258145 and is responsible for the financial services provided to you. ESSSuper has an arrangement with Link Advice Pty Ltd to provide financial advice to ESSSuper members. ESSSuper pays Link Advice a fee for this service. Neither the Board, nor the Victorian Government, guarantee or endorse any recommendations made by Link Advice, or are responsible for the advice and actions of Link Advice.

Emergency Services Superannuation Board ABN 28 161 296 741 the Trustee of the Emergency Services Superannuation Scheme ABN 85 894 637 037 (ESSSuper). The information contained in this document is of a general nature only. It should not be considered as a substitute for reading the relevant ESSSuper Product Disclosure Statement (PDS) that contains detailed information about ESSSuper products, services and features. Before making a decision about an ESSSuper product, you should consider the appropriateness of the product to your personal objectives, financial situation and needs. It may also be beneficial to seek professional advice from a licensed financial planner or adviser. An ESSSuper PDS is available at www.esssuper.com.au or by calling 1300 650 161. Benefits in ESSSuper’s Accumulation Plan, Income Streams and Beneficiary Account products are not guaranteed or underwritten by the Victorian Government or ESSSuper, and ESSSuper does not come under the jurisdiction of the Australian Financial Complaints Authority.