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AMP MySuper delivers annual returns above 11.5 per cent
Super and retirement
24 January 2024

AMP has delivered an investment return of 11.6 per cent for members of its AMP MySuper 1970s superannuation fund option for the calendar year ending 31 December 2023.

Part of AMP’s Lifestage MySuper offer, the 1970s option uses a balanced-growth asset allocation and is the largest by funds under management. 

Those AMP MySuper members born in the 1980s and 1990s and with exposure to a higher growth asset allocation benefited from returns of 11.8 per cent for the calendar year. 


Source: AMP Investments. The investment option returns are calculated from changes in the unit price of the investment option and are after the deduction of investment fees, costs and superannuation fund earnings tax included in the unit price. Past performance is not a reliable indicator of future performance.

Anna Shelley, AMP’s Chief Investment Officer said: 

“We’re delighted to have delivered strong returns for our AMP MySuper members for the 2023 calendar year, underlining the strength of our Lifestage MySuper offer for different generations.

“Our largest cohort by assets under management –  for members born in the 1970s  – saw returns in excess of eleven per cent for the 2023 calendar year.

“Our younger members – those born in the 1990s, and 1980s – achieved returns nearing twelve per cent over the same period. These portfolios are constructed to have higher exposure to growth assets like shares, property and infrastructure.

“The returns were driven by a strong rebound in global shares following a challenging 2022 for markets. Share market gains were led by the US tech sector which benefitted from positive sentiment around the future applications of AI. We also saw meaningful contributions from investments in Australian shares, global listed property and credit.

“We’ll continue to prudently and actively manage our investment portfolios for members, ensuring  diversification across asset classes, with appropriate liquidity and exposure to both domestic and global market opportunities.

“Strong and sustainable investment returns are critical to helping give our members financial confidence and security in retirement.”

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Daniel Paperny
+61 435 763 992
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Adrian Howard (Media enquiries only)
+61 413 184 488