The twelve-month performance of our clients has generally been solid over the last challenging year, although some were more challenged by liquidity constraints than others. The V-shaped recovery in listed markets since May 2020 meant they out-performed unlisted markets over that time. We expect this period is now behind us.
As these charts show, using the competitive nature of the superannuation sector as a proxy for the performance of our clients, the strong long-term performance of Frontier clients (via our median superannuation fund) continues. Frontier clients have outperformed both in terms of competitor benchmarks and against objectives, providing an indication of the consistent value of our market calls within our longer-term forecasts.