investment wrap up 2019

balance

The year may be winding down, but your super investments never take a holiday. Here are a few year-end good news stories about how HESTA is working hard for you, your industry and our world.

 

But first, a quick market update 

Financial markets in September and October performed well, with international share markets up 4% and Australian stocks up almost 2%.

November is looking good so far with Australian equities up almost 1%. Global bonds yields also rose on optimism that the US and China are close to signing a new trade deal, while the British government extended their Brexit deadline (again!) until January 2020.

While these developments have removed some shorter-term risks, it’s unclear if the US and China can agree on a long-term trade deal. The UK and EU have also yet to agree on a way forward for their future economic relationship. On a more practical note, both the Reserve Bank of Australia and Federal Reserve have recently cut interest rates in an ongoing attempt to kick-start growth.

 

 

HESTA Eco Pool scoops Money Magazine’s ‘best of the best’ award

Our environmentally and socially responsible investment option, Eco Pool, has been named Money Magazine’s Best ESG Super Product for 2020. The award recognises Eco Pool’s strong long-term investment performance and pioneering environmental, social and governance approach. “This award is a testament to our commitment to responsible investment over many years,” says HESTA Chief Investment Officer, Sonya Sawtell-Rickson.

Read more about the award here and more about Eco Pool here.

 

 

Investing in the future of health and aged care

The latest HESTA investment initiative means your super will support two of the fastest-growing industries in Australia – and build a brighter financial and professional future for you.

HESTA has committed $200 million to a property mandate that will focus on investment opportunities in Australia’s fast-growing healthcare sector.

Managed by the industry super fund-owned ISPT, the new HESTA Healthcare Property Trust will invest in opportunities such as private hospitals, general medical and residential aged care.

HESTA CEO Debby Blakey says this is another example of how HESTA is building on our deep relationships with the sector to generate strong, long-term returns for members and support jobs and growth.

“We are actively looking for investment opportunities as Australia’s aging population will see the need for a significant expansion in services and facilities in the coming years.” Debby Blakey

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