CBUS Annual Report 2020 Highlights
2020 has proved to be a very challenging year, with devastating bushfires in Australia and a global pandemic that caused dramatic share
market movements. Before these events, global economic activity had stabilised. In Australia, weak household income growth, sluggish
consumer spending and some uncertainty in the housing market, saw the Reserve Bank make three cuts to interest rates across 2019 to
try and lift growth.
By the end of March 2020, the global environment was completely different. What started as a health crisis created an economic crisis that
no one predicted. Share markets in many countries fell 30% or more in just one month. Whole sectors including retail, hospitality and
tourism shut down overnight, as governments sought to contain the spread of the COVID-19 virus.
Despite these uniquely challenging conditions, the Growth (Cbus MySuper) option finished in positive territory returning 0.75% for the
2019/20 financial year. Longer term our 5 and 10 year returns were 7.13% and 8.54% average per annum respectively, an important
reminder that super is a long term investment.
The world and Australia still face challenges with rising unemployment, international trade uncertainty and the ongoing threat of the virus.
Your Fund will play its part and is already investing to maintain and create jobs as we embark upon the road to recovery.
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Please download the Annual Report 2020 Highlights PDF Copy Here
