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HESTA returns 9.1pc, looks for domestic opportunities

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Soaring global equity markets helped industry superannuation fund HESTA deliver double-digit returns across several of its offerings last financial year, though its portfolio boss says it will look locally for growth in the next 12 months.

The fund’s default MySuper option returned 9.1 per cent, while its more aggressive high-growth options handed investors returns of between 11.9 per cent and 13.11 per cent.

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Hannah Wootton is a reporter for the Financial Review. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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    Original URL: https://www.afr.com/companies/energy/hesta-returns-9-1pc-looks-for-domestic-opportunities-20240701-p5jq1k