TelstraSuper accumulation members benefited from solid returns in 2023

January 24, 2024

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We’re proud to have delivered good returns for the 12 months to 31 December 2023.

Members in our Growth option benefited from double digits growth – with a return of 10.68% for the 12 months ending 31 December 2023. This is a good result.

Meanwhile, members in our other investment options have also benefited from solid returns, see the full table of returns below.

TelstraSuper CEO Chris Davies said that while super is a long-term investment, the TelstraSuper team are pleased with the results – especially given the high level of market uncertainty during the period.

“Our investment team remains focussed on getting the best possible outcomes for members,” said Mr Davies. “We’re honoured to manage our members’ retirement savings and proud to have served them so well over the last 12 months.”

TelstraSuper currently manages around $24 billion on behalf of members and is open for anyone to join.

Annualised investment returns to 31 December 2023

Option	12 month return
High Growth	N/A
Growth	10.68%
Balanced	8.94%
Moderate	8.22%
Conservative	5.70%
International Shares	17.45%
Australian Shares	13.73%

Returns are for our accumulation options and are net of investment management fees and investment taxes, but before the deduction of any applicable percentage-based administration fee, member fee or rebate.

Past performance is not a reliable indicator of future performance.

Any general advice in this article has been prepared without taking into account your objectives, financial situation or needs. Before you act on any general advice in this article, you should consider whether it is appropriate to your individual circumstances. Before making any investment decision, you should obtain and read the relevant product disclosure statement which is available on the website or by calling 1300 033 166. You may wish to consult an adviser before you make any decisions relating to your financial affairs. To speak with an Adviser from TelstraSuper Financial Planning call 1300 033 166.

Any general advice has been prepared without taking into account your objectives, financial situation or needs. Before you act on any general advice, you should consider whether it is appropriate to your individual circumstances. Before making any decision, you should obtain and read the relevant Product Disclosure Statement and Target Market Determination or call us on 1300 033 166 for copies of these documents. You may wish to consult an adviser before you make any decisions relating to your financial affairs. To speak with an Adviser from TelstraSuper Financial Planning call 1300 033 166.