Our investment strategy

We invest in a diversified portfolio of assets that balance investment returns and risks.

Investing for you

Our investment strategy is to build a diversified portfolio of assets that balances investment returns and risks. We achieve this by investing in a combination of growth assets and defensive assets across both public and private markets.

Construction site image symbolizing investment strategies and growth assets—evoking ongoing development and potential for future financial strength.

Growth assets

The growth assets we invest in include shares, infrastructure, and property. Returns from growth assets come mainly from capital gains and income in the form of dividends.

Growth assets generally offer the greatest potential for long-term growth, but returns can fluctuate and may be negative from time to time.

Defensive assets

The defensive assets we invest in include fixed interest and cash. The returns on defensive assets are mainly from interest earned.

Defensive assets generally offer less long-term growth than growth assets, but returns are generally more stable with a relatively low level of risk. Negative returns are possible in the case of fixed interest, but cash returns are generally positive.

Hands cradle three stacks of gold coins, symbolizing defensive assets for financial stability and security.
Two men examining a computer screen displaying financial data, reflecting the analysis of both public and private market investments for informed decision-making in Spirit Super's investment strategy.

Public and private market investments

Within both growth and defensive components of the portfolio, the majority of our investments are in markets that are frequently traded, such as government bonds, or shares listed on public stock exchanges. We refer to these as listed or 'public market' assets. These assets are easier to exit in most market conditions, but their value can be more volatile over shorter time horizons.

Some of our investments, however, such as direct property and infrastructure assets or venture capital investments, are not listed on exchanges or readily traded in public markets. We refer to these as illiquid or 'private market' investments. These investments can be harder to exit and typically require appraisal-based valuations.

Find out more about asset classes and asset allocation

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