Aware Super wins Money Magazine award for long term performance
5 December 2024
Girl running in a funrun
Aware Super has won the Money Magazine award for long term investment performance for the second straight year.
Aware won the “Ultra Long-Term Performance” award for its FutureSaver High Growth investment option.
This is where most Aware Super members are invested and has returned 15.62% for the year to 30 September 2024, and an average annual return of 9.02% over 10 years.
The award recognises Aware Super’s ability to deliver ”ultra long-term performance” through a highly diversified portfolio constructed to deliver consistently strong risk-adjusted returns.
The Money Magazine award caps off a strong year for Aware Super, which was crowned Superfund of the Year at the SuperRatings Awards, as well as taking out the Super Fund of the Year and Pension Fund of the Year’ titles at the Chant West Awards.
Aware Super Chief Investment Officer Damian Graham welcomed the award and paid tribute to the Fund’s team of investment professionals.
“We’re very pleased to have won the Ultra Long Term Performance award for the second consecutive year,” Mr Graham said.
”Long term performance is what matters most to retirement outcomes and it’s incredibly rewarding to be able to deliver strong returns for our members and help them achieve their goals”.
”This is a tribute to our 150-strong investment team who we charge with sourcing and actively managing the best investment opportunities globally.
”Diversification of our investments has been a pivotal factor in our results over the longer term and speaks to our team’s strong investment credentials across asset classes and geographies.
“We opened our first international office in London last year and will continue to search Australia and the globe for the best returns for our members”.
The FutureSaver High Growth Option is a part of Aware’s core MySuper product, which uses a lifecycle investment approach, actively managing the level of investment risk for our members as they age.
For Aware Super’s younger members, we have a higher allocation to growth assets in the FutureSaver High Growth option, to help grow their savings in these earlier years, and then gradually shift their investment mix to a more balanced profile as they near and enter retirement to safeguard their savings and manage longevity risk.
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