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Protecting your super with top 25% performance

Protecting your super with top 25% performance


EISS Super has delivered above-average investment returns for its members this financial year despite the Covid-19 market volatility. Like other funds, EISS Super’s performance was initially impacted by the downturn in share markets. However, it rebounded quickly, emerging as one of the superannuation funds leading the recovery and delivering strong investment performance in the first half of the 2020/21 financial year. All the investment options offered by EISS Super have performed within the top 25% relative to other super fund’s investment options (except Cash which performed in the top 50% of other cash options)1.

“The recent performance delivered to members was not a coincidence. As markets started to rebound, EISS Super worked to identify opportunities rather than waiting for market conditions to improve. As a result, by May 2020 EISS Super had made changes to its investment management processes which led directly to stronger returns.

In an age of uncertainty, EISS Super adapted its investment management approach, allowing it to better identify opportunities in a highly unusual market while maximising growth and remaining committed to protecting members' retirement savings.”

 

The impact of early 2020

The first half of 2020 was a challenging time for investment markets, the super industry, and for economies and people both here and overseas. As a result of the pandemic, by late February 2020, markets were in free fall. The ASX200 declined by over 36% in the weeks following and overseas share markets experienced similar losses over the same period. For members across all super funds, this meant a period of significant volatility and negative returns.

According to data released by APRA, the superannuation industry’s regulator, the industry’s overall rate of return2 was minus 10.3% which is the lowest quarterly rate of return on record for the industry. Not even strong performance leading up to the downturn could cover the impact with the 12 month period to 31 March 2020 seeing a rate of return for the super industry of minus 3.3%.

Protecting members' savings - EISS Super has a long history of protecting its members' hard-earned retirement savings. During the social, economic and investment market turmoil that followed the initial outbreak of Covid-19, EISS Super made necessary decisions to protect its members from further losses even though this meant foregoing some of the initial market rebound.

The rebound: EISS Super performs in the top 25% of funds

EISS Super’s performance bounced back strongly in the first half of the 2020/21 financial year, as shown in the table below.

Investment performance 1 July to 31 December 20201

 

Investment Option EISS Super performance Super industry median performance EISS Super comparative performance
High Growth 14.02% 11.89% Top 25% 
Rank 9/76
Balanced (MySuper) 9.53% 8.43% Top 25%
Rank 36/207
Conservative Balanced 7.22% 6.09% Top 25% 
Rank 13/127
Conservative 4.93% 4.19% Top 25%
Rank 26/127
Cash 0.17% 0.12% Top 50%
Rank 33/77

 

But value for money is important too

EISS Super are one of the lowest cost superannuation funds in the market3. They keep fees low and as an industry super fund reinvest in the products and services they provide so members can get the most out of their super.

In December 2020, at the end of a challenging year, EISS Super was recognised in Money Magazine’s 2021 Best of the Best Awards as runner up for the Best-Value MySuper Product which recognises MySuper products with the lowest fees ranked across seven benchmark account balances, from $1,000 to $250,000.


1 SuperRatings Fund Crediting Rate Survey, December 2020.

2 A super fund’s rate of return reflects how much money a fund either makes or loses, expressed as a percentage of the total amount of money a member has already invested.

3 Rainmaker Benchmarking Report, March 2020.