The Motor Trades Association of Australia Superannuation Fund (MTAA Super) announced its final crediting rates for each of the Fund’s member investment options for the 2007-08 financial year.
2007- 08 Crediting Rates |
% |
Growth |
2.49 |
Balanced (Default Option) |
-2.13 |
Conservative |
2.42 |
Target Return |
8.38 |
Australian Shares |
-10.30 |
International Shares |
-16.41 |
Cash |
5.81 |
Diversified Fixed Interest |
5.22 |
The recent volatility and downturn of financial markets has resulted in negative returns for super funds over the past year. MTAA Super’s Balanced Option remains the best-performing fund over three, five, seven and 10 years, as assessed by independent analyst SuperRatings and number 3 over one year*. The Fund’s Two Portfolio Strategy for investment is specifically designed to weather market storms and deliver long-term results.
“Our members and their employers can be assured that although a negative return is an unwelcome outcome, the investment strategies which MTAA Super employs are designed to produce long term returns ahead of other funds.” said Michael Delaney, Principal Executive Officer and Fund Secretary.
“The Fund’s innovative two portfolio strategy, which has been in place and refined over more than a decade, continues to demonstrate its all-weather characteristics and an ability to perform relatively better than its peer group in both rising and falling or volatile markets, and therefore over the long term. This year it has demonstrated, yet again, its ability to outperform in a range of market conditions and to withstand shocks to the financial system better than the strategies employed by the Fund’s peers.” he said.
“Few of our competitors can claim such consistency of strong performance, demonstrated by the fact that, as experienced in prior periods, the Fund is joined at the top of the short-term rankings by a new group of peers, while other previously high ranked performers have fallen.” he added.
MTAA Super is one of Australia’s best performing funds with more than 280,000 members, 32,000 employers and $6.1 billion in funds under management. Based on its performance, low cost, flexible investment options and service to its members and their employers, MTAA Super has been recognised and independently rated at the highest levels by researchers SuperRatings and SelectingSuper.
A full copy of the final crediting ratings are available on the MTAA Super website www.mtaasuper.com.au.
“This information has been prepared by the Motor Trades Association of Australia Superannuation Fund Pty Ltd (ABN 14 008 650 628, AFSL 238 718, RSE L0001069), Trustee of the MTAA Superannuation Fund (SPIN MTA0100AU, RSE R1004373). All care has been taken to ensure that the information contained in this article is correct at the time of this publication, however neither the Trustee of MTAA Super nor its advisors accepts responsibility for any error or misprint, nor for anyone acting on this information.”
*As reported by SuperRatings’30 June 2008 SR50 Balanced Index survey (www.superratings.com.au). Past performance is not a reliable indicator of future performance.
