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The real estate industry superannuation fund has ranked among Australia’s top 10 super funds for the 2020–21 financial year.
REI Super’s balanced (default) investment option returned 20.00 per cent for the financial year, while the fund’s growth investment option returned 28.03 per cent.
According to a statement from the fund, the one-year results “represent a very positive outcome for all our members”.
The balanced investment option’s result has been touted as the fund’s “historically highest net annual return” since the fund’s inception all the way back in 1975.
It was reportedly achieved by the completion of a strategic review of the REI Super portfolio over the year and a restructure of investments within the portfolio.
“The latter included reducing our exposure to Australian equities early in 2021 on the back of strong returns, divesting from alternatives, taking our profits on exposures to emerging markets and US banks and increasing our exposure to industrial and consumer good companies in Japan and the US and European energy companies,” REI Super noted.
Jarrod Coysh, chief executive officer at REI Super, said the investment performance is the result “of a well-executed investment strategy and sound governance processes”.
“Our members’ financial future and achievement of a dignified retirement is our number one focus and priority and has been for over 46 years. We are the only fund committed to the real estate industry and allied industries and the people who work in it,” he commented.
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