The Cbus Super Growth (MySuper) option return* for this year is 19.34% for members. This is the highest annual return for our growth option in the 37 year history of the fund.
This record result builds on a strong relative result in the previous financial year, where Cbus was one of small group of funds to record a positive return (0.75%).
Cbus investment teams have done a fantastic job of navigating Covid-19 market volatility and the opportunities that presented. Their work will make a real difference to the retirement outcomes of Cbus members not just for the last year but into the future.
While they are proud to have achieved a record result this year, superannuation is always about the long term. And their performance over the long-term continues to be impressive returning on average each year; Cbus’ Growth (Cbus MySuper) average annual return* over the years to 30 June 2021:
9.81% p.a. over 5 years
9.55% p.a. over 10 years
9.25% p.a. over the 37 years since inception
Cbus now manages around 35% of assets in-house. They have made savings of approximately $400M on investment fees since 2017. For the 2021 financial year, they expect to save a further 8% in fees on every dollar invested compared to the previous year. These are savings that go directly to member returns.