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 31 March 2010 are shown below for each Option.
| Investment option | Pre-mixed options | |||
| Aggressive | Growth This is the default option if you do not want to make an investment choice |
Moderate | Stable | |
| Investment objectives | This option aims to achieve a return (net of fees and taxes) of at least 4.5% a year above CPI 1 over rolling eight-year periods. This option expects a negative return approximately once every four years. |
This option aims to achieve a return (net of fees and taxes) of at least 3.0% a year above CPI 1 over rolling five-year periods. This option expects a negative return approximately once every six years. |
This option aims to achieve a return (net of fees and taxes) of at least 2.5% a year above CPI 1 over rolling four-year periods. This option expects a negative return approximately once every eight years. |
This option aims to achieve a return (net of fees and taxes) of at least 2.0% a year above CPI 1 over rolling three-year periods. This option expects a negative return approximately once every 12 years. |
| Strategic asset allocation 2 | Shares – 68% Property – 10% Liquid alternatives – 20% Private capital – 2% Bonds – 0% Cash – 0% |
Shares – 53% Property – 10% Liquid alternatives – 15% Private capital – 2% Bonds – 20% Cash – 0% |
Shares – 37.5% Property – 10% Liquid alternatives – 10% Private capital – 0% Bonds – 30% Cash – 12.5% |
Shares – 20% Property – 10% Liquid alternatives – 5% Private capital – 0% Bonds – 40% Cash – 25% |
| Asset allocation ranges 3 | Shares – 50% to 80% Property – 5% to 15% Liquid alternatives – 15% to 30% Private capital – 0% to 15% Bonds – 0% to 5% Cash – 0% to 10% |
Shares – 40% to 60% Property – 5% to 15% Liquid alternatives – 10% to 25% Private capital – 0% to 10% Bonds – 15% to 25% Cash – 0% to 10% |
Shares – 25% to 45% Property – 5% to 15% Liquid alternatives – 5% to 20% Private capital – 0% to 7.5% Bonds – 25% to 35% Cash – 5% to 15% |
Shares – 10% to 30% Property – 5% to 15% Liquid alternatives – 0% to 15% Private capital – 0% to 5% Bonds – 35% to 45% Cash – 20% to 30% |
| Estimated investment fees and costs 4 | 0.39% p.a. to 0.60% p.a. | 0.36% p.a. to 0.54% p.a. | 0.30% p.a. to 0.42% p.a. | 0.26% p.a to 0.34% p.a. |
| Investment option | Single-asset class options | ||||
| Australian Shares | Overseas Shares |
Property | Bonds | Cash | |
| Investment objectives | This option aims to achieve a return (net of fees and taxes) of at least 4.5% a year above CPI 1 over rolling eight-year periods. This option expects a negative return approximately once every four years. |
This option aims to achieve a return (net of fees and taxes) of at least 4.5% a year above CPI 1 over rolling eight-year periods. This option expects a negative return approximately once every four years. |
This option aims to achieve a return (net of fees and taxes) of at least 2.5% a year above CPI 1 over rolling four-year periods. This option expects a negative return approximately once every five years. |
This option aims to achieve a return (net of fees and taxes) of at least 1.5% a year above CPI 1 over rolling
two-year periods. This option expects a negative return approximately once every 10 years. |
This option aims to achieve a return (net of fees and taxes) of at least 1.0% a year above CPI 1 over rolling two-year periods. This option aims to avoid negative annual returns. |
| Strategic asset allocation 2 | Australian shares – 100% | Overseas shares – 100% | Property – 100% | Bonds – 100% | Cash – 100% |
| Estimated investment fees and costs 4 |
0.39% p.a. to 0.51% p.a. | 0.39% p.a. | 0.61% p.a. to 1.09% p.a. | 0.22% p.a. | 0.07% p.a. |
- CPI stands for Consumer Price Index, which is a measure of the average price of consumer goods and services purchased by Australian households. The percentage change in the CPI is used as a measure of the rate of inflation.
- Strategic asset allocation refers to the long-term diversified policy mix implemented by the Trustee that is most likely to achieve the option’s investment objectives.
- The asset allocation ranges show the maximum and minimum limits which the Trustee may invest in an asset class for each investment option. The Trustee regularly reviews the asset allocations and may alter them within the ranges over time.
- These are based on the option’s strategic asset allocation and on negotiated fees as at the date of publication. These may change at any time and, while the Trustee will attempt to provide members with advice of any changes to investment fees, this may not always be possible. Please refer back to this website where any changes to these fees will be posted.
