Aware Super reports 11.02pc FY24 MySuper return

Aware Super has reported an 11.02 per cent return for its High Growth accumulation option in FY24, the default members aged 55 and under with the fund’s MySuper product, which has a lifecycle design. 

The option has delivered a 10-year average annual return of 8.82 per cent. Of the fund’s 1.1 million members, more than 750,000 are invested in the High Growth accumulation option. 

Under the lifecycle design, members who are aged 56 to 65 in the MySuper product have their investments gradually shifted from High Growth into Balanced and then into Conservative Balanced in a process that mixes and matches a percentage of each option.