Super giant is ‘comfortable’ being among the worst funds for FY24

Industry superannuation fund Hostplus has handed down one of the worst annual returns in the sector for its default product, but says it is “very comfortable” with its performance and its long-term investment plan remains on track.

The fund’s MySuper balanced option grew by just 7.6 per cent for the 2023–24 financial year. Rivals clocked returns in the double digits as global technology stocks fuelled soaring equity prices.