How COVID-19 is impacting investment markets and your super

This article is sponsored by our partner, Australian Super.

As the COVID-19 virus spreads across the world and puts more people’s health at risk, governments are placing greater restrictions on movement between and within countries. This is having a large and immediate impact on people’s jobs, industries and economies worldwide, and in some cases shutting down entire business sectors except the most essential of services. 

Investors are trying to evaluate the impact of these multiple signals – with the release of daily virus updates, new economic data and policy announcements all contributing to the large positive and negative swings we are seeing in sharemarkets.

In the meantime AustralianSuper is taking steps to minimise the impact of adverse market movements on your retirement savings, and position your super for long-term growth.

It’s natural to feel like you should be doing something when markets are falling, and you see your balance fall. Responding to the huge swings in market sentiment during highly volatile periods could be a very high risk strategy.

As much as possible, we encourage you to take a long-term view of your super and if you have any concerns, it’s important to seek advice.  You can visit our website for the advice options available to members.

To read the full article please visit australiansuper.com/investment-articles

Sponsored by AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898. This information may be general financial advice which doesn’t take into account your personal objectives, situation or needs. Before making a decision about AustralianSuper, you should think about your financial requirements and refer to the relevant Product Disclosure Statement, available at australiansuper.com/pds or by calling 1300 300 273.

UnionsACT acknowledges that it works on the land of the Ngunnawal people, and we pay our respects to elders past, present and emerging. 

Authorised M Harrison for UnionsACT, 11 London Circuit, Canberra.

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