Investment Centre
Investment Objectives, Strategies, Asset Allocation Ranges and Benchmarks
The Trustee sets investment objectives, strategies, asset allocation ranges and benchmarks for each Investment Option and regularly reviews and monitors these to ensure they remain appropriate for Accountants Super.
The objectives, strategies, asset allocation ranges and benchmarks at 1 July 2008 are shown below for each Option.
Multi-Sector Options
| Managed Stable (30/70) Option | |||
| Objective | To provide investors with security and income while maintaining and potentially increasing the value of capital over the medium to long-term, through exposure across a range of asset classes, and by using several investment managers. The Option aims to outperform the performance benchmark over periods of three of more years. |
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| Strategy | This Option invests mainly in fixed interest securities and cash with some exposure to growth assets such as Australian and International Shares. The Option is designed to reduce overall portfolio risk by spreading the Option's investments across asset classes and across a number of investment managers with complementary investment management styles. | ||
| Asset Allocation Ranges and Benchmarks: | Asset Class | Benchmark Asset Allocation |
Asset Allocation Range |
Australian Equities Total Growth Assets |
16% 30% |
8 - 26% |
|
| Cash Total Defensive Assets |
5% 70% |
0 - 10% |
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| Managed Growth (70/30) Option | |||
| Objective | To provide investors with capital growth over the medium to long-term and a modest level of income, through exposure across a range of asset classes, and by using several investment managers. The Option aims to outperform the performance benchmark over periods of five or more years. | ||
| Strategy | This Option invests in a mix of Australian and international shares, fixed interest securities, listed property trusts and cash. The Option is designed to reduce overall portfolio risk by spreading the Option's investments across asset classes and across a number of investment managers with complementary investment management styles. | ||
| Asset Allocation Ranges and Benchmarks: | Asset Class | Benchmark Asset Allocation |
Asset Allocation Range |
Australian Equities Total Growth Assets |
34% 70% |
25 - 43% |
|
Cash Total Defensive Assets |
5% 30% |
0 - 10% |
|
| Priority Growth (86/14) Option | |||
| Objective | To provide investors with long-term capital growth and a modest level of income, through exposure across a range of asset classes, and by using several investment managers. The Option aims to outperform the performance benchmark over periods of five or more years. | ||
| Strategy | This Option invests mainly in growth assets including Australian and international shares, listed property trusts and holds a smaller proportion of income assets including fixed interest and cash. The Option is designed to reduce overall portfolio risk by spreading the Option's investments across a number of investment managers with complementary styles. | ||
| Asset Allocation Ranges and Benchmarks: | Asset Class | Benchmark Asset Allocation |
Asset Allocation Range |
Australian Equities Total Growth Assets |
46% 86% |
42 - 48% |
|
Total Defensive Assets |
14% |
|
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Single Sector Options
| Cash Option | |||
| Objective | To provide investors with security of capital over the short to medium term. | ||
| Strategy | This Option invests in a range of Australian short dated securities including bank guaranteed, government guaranteed and corporate securities. | ||
| Asset Allocation Ranges and Benchmarks: | Asset Class | Benchmark Asset Allocation |
Asset Allocation Range |
| Cash | 100% |
100% |
|
| Fixed Interest Option | |||
| Objective | To provide investors with some security over the medium term by investing in a diversified mix of Australian and international fixed interest securities. The Option aims to perform in line with the performance benchmark. |
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| Strategy | This Option is managed with a passive investment style, investing in a broad range of Australian and international fixed interest securities issued by the Government, Semi-Government and corporate entities. | ||
| Asset Allocation Ranges and Benchmarks: | Asset Class | Benchmark Asset Allocation |
Asset Allocation Range |
| Australian Fixed Interest International Fixed Interest |
80% 20% |
50 - 90% 10 - 50% |
|
| Property Option | |||
| Objective | To provide investors with modest growth some over the medium to long-term by investing in a geographical and sectoral spread of listed property trusts. The Option aims to perform in line with the performance benchmark. |
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| Strategy | This Option is currently managed with a passive investment style, investing in a broad range of property trusts listed on the Australian stock exchange. | ||
| Asset Allocation Ranges and Benchmarks: | Asset Class | Benchmark Asset Allocation |
Asset Allocation Range |
| Cash Listed Property Trusts |
0% 100% |
0 - 5% 95 - 100% |
|
| Australian Shares Option | |||
| Objective | To provide investors with capital growth over the long-term and some tax-effective income. The Option aims to outperform the performance benchmark over periods of five or more years. | ||
| Strategy | This Option invests in a range of companies listed on the Australian stock exchange. These investments may include shares and units in listed property trusts. The Option is designed to reduce overall portfolio risk by spreading the Option's investments across a number of investment managers with complementary investment management styles. | ||
| Asset Allocation Ranges and Benchmarks: | Asset Class | Benchmark Asset Allocation |
Asset Allocation Range |
| Cash Australian Equities |
0% 100% |
0 - 10% 90 - 100% |
|
| Overseas Shares Option | |||
| Objective | To provide investors with long-term capital growth and the benefits of global diversification. The Option aims to outperform the performance benchmark over periods of five or more years. | ||
| Strategy | This Option invests in a broad selection of companies listed on foreign stock exchanges. The Option is designed to reduce overall portfolio risk by spreading the Option's investments across a number of investment managers with complementary investment management styles. | ||
| Asset Allocation Ranges and Benchmarks: | Asset Class | Benchmark Asset Allocation |
Asset Allocation Range |
| Cash International Equities |
0% 100% |
0 - 10% 90 - 100% |
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From time to time factors such as significant cash flows and movement in investment markets may cause the Fund to temporarily move outside the stated asset allocation ranges outlined above. If this occurs the Trustee will take action to bring the asset allocation back within the stated ranges.