HESTA's Core Pool leads the pack

HESTA, the specialist in superannuation for health and community services, has continued delivering positive returns to members with a recent survey showing the Fund's balanced investment option, Core Pool, has delivered the highest returns to members for the year to 31 January 2004.

The survey, conducted by SuperRatings, found that Core Pool's return to members for the seven months to 31 January was +8.0%.

The survey covers the major investment options offered by a broad range of Australia's largest multi-employer super funds, representing over $80 billion in assets and covering over 7 million Australians.

"These results show that our long-term investment strategy is continuing to pay off and our members continue to benefit from our approach," said HESTA's CEO Anne-Marie Corboy. "In fact, our Core Pool investment option has never delivered a negative return since it began."

HESTA has a history of strong returns, with Core Pool delivering over 16 years straight of positive returns since inception in 1987.

HESTA has over 495,000 members working for over 27,000 employers and has $4.7 billion in assets under management. Membership is open to anyone entitled to superannuation, not just those employed in the health and community sectors. There are no HESTA shareholders - all profits go to members.