Coronavirus Market Impact
The Coronavirus is currently impacting investment markets. To stay fully informed regarding how Statewide Super are managing current events for our members, please stay tuned to this page for commentary from our investment team.
Last updated 18 May 2020
With markets starting to recover from the COVID-19 impacts felt earlier this year, Statewide Super’s Chief Investment Officer, Con Michalakis, foresees a continued staged return, both locally and globally. Watch this video for his brief update on the Fund’s current position.
- The investment markets are seeing happier times with the economy slowly opening up and life resuming some sort of normality
- It remains uncertain what sort of recovery the markets will follow, however, it is likely the recovery will be staged, both locally and globally
- Super is a long-term investment and it is good to stick to your long-term investment strategy
*On Tuesday 10 March, 2020 the Australian share market closed 3.12% higher. Source: S&P Dow Jones Indices, as measured by the S&P/ASX 200 (TR) Index.
Investment returns can go up and down and are not guaranteed. All investments have risk, and past performance is not a reliable indicator of future performance. For more information on risks associated with investing, consider the “Risks of Super” and “How we invest your money” booklets or call 1300 65 18 65.
The information provided contains general advice which does not take into account your specific objectives, financial situation or needs. Before investing, you should consider the appropriateness of this general advice with regard to your personal circumstances. You may also wish to obtain independent financial advice. This article is not intended to be, and should not be construed in any way as, investment, legal, or personal advice.
Statewide Super holds an Australian Financial Services Licence (AFSL) that allows it to provide both general and personal financial advice. For further information and a copy of the applicable Financial Services Guide, visit www.statewide.com.au or call 1300 65 18 65.