Investment Performance

INVESTMENT PERFORMANCE – PAST INVESTMENT RETURNS ACHIEVED BY THE FUND

The actual net return earned on the Fund’s investments has been as follows since the inception of the Fund in 1994. 

From inception to 31.3.1999 15% p.a
1.4.1999 – 31.3.2000: 12.7% for the year.(The Fund’s investments were all invested in cash during this period)
1.4.2000 – 31.3.2001: 5.8% for the year, plus an additional 2.5% added to members’ Fund credits at 31.3.2001.
1.4.2001 – 31.3.2002: 14.0% for the year, plus an additional 0.8% added to members’ Fund credits at 31.3.2003.
1.4.2002 – 31.3.2003: -4.5% (negative) for the year.
1.4.2003 – 31.3.2004: 21.3% for the year.
1.4.2004 – 31.3.2005: 18.4% for the year.
1.4.2005 – 31.3.2006: 28.1% for the year, plus an additional 1.75% added to members’ Fund credits at 31.3.2006.
1.4.2006 – 31.3.2007: 19.8% for the year.
1.4.2007 – 31.3.2008: 8.9% for the year.
1.4.2008 – 31.3.2009: -1.4% (negative) for the year.
1.4.2009 – 31.3.2010: 17.7% for the year
1.4.2010 – 31.3.2011: 11.0% for the year
1.4.2011 – 31.3.2012: 10.1% for the year
1.4.2012 – 31.3.2013: 15.6% for the year
1.4.2013 – 31.3.2014: 11.1% for the year
1.4.2014 – 31.3.2015: 7.3% for the year
1.4.2015 – 31.3.2016: 4.0% for the year
1.4.2016 - 31.3.2017 7.7% for the year
1.4.2017 - 31.3.2018 8.8% for the year
1.4.2018 - 31.3.2019 6.0% for the year

The net investment returns are calculated each month (not each year) and are used to update the Administrator’s records each month. Monthly returns can be positive or negative. This means that the value of the Defined Contribution benefits that members have in the Fund can reduce (go down) from one month to the next, if the Fund’s returns are negative

The monthly investment returns from April 2019 will be shown below as and when they become available:

Month Investment Return Headline CPI
2019/04/30 1.648% 0.63%
2019/05/31 -0.870% 0.27%
2019/06/30 1.086% 0.36%
2019/07/31 -0.316% 0.36%
2019/08/31 1.482% n/a