The September quarter saw a fair share of distractions. North Korea fired test missiles over Japan, which led to a war of words between the US and North Korea. In Germany, the rise of the far right in the parliamentary election in Germany generated concerns globally. But while the world worried, markets cheered better company profits, the improved global growth outlook, and the re-election of Angela Merkel to a record fourth term.
Equip MySuper, our broadly diversified default investment option, returned 1.4% for the quarter. The Conservative option, which is the default for our pension members, returned slightly less at 1.2%. At the same time our Overseas Shares option returned a very strong 3.9% during the period.
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