Covid Recovery

As news of the Coronavirus pandemic spread, we saw sharemarkets around the world plummet in response. March 2020 was the beginning of a particularly turbulent period and the Ranfurly Superannuation Scheme was fortunate to report relatively conservative losses when compared with the markets and other schemes in the market. This was highlighted in a recent independent study conducted by Charter Square Limited, which found that the Ranfurly Superannuation Scheme performed better than all the other major New Zealand QROPS for the year up to 31 March 2020, when the markets were being significantly impacted by Covid. In fact, Ranfurly was the only scheme to have positive performance across all its funds, with our New Zealand dollar balanced fund being the best performer in the market.

Since March we have seen a rapid recovery in the markets which can be attributed to the fiscal easing policies adopted by governments around the world. This is reflected in positive returns across all five of our funds for the June quarter, see below.

We may not have seen the last of the Covid impact on financial markets, especially as countries around the world struggle to contain the virus. What this recent recovery does highlight however, is the importance of viewing your superannuation as a longer-term investment and avoid focusing on short term performance. Ranfurly is steadfast in our belief that we are well placed to adapt to the new normal.