Investment Strategy

In seeking to achieve its objectives, the Trustee will adopt a diversified asset allocation which will contain defensive assets to ensure stability and liquidity as well as growth assets which have the potential for higher returns over the longer period. Defensive assets include cash, bank bills and other securities which have a lower expected volatility of return but usually offer lower returns in the longer run. Growth assets such as Australian and International shares carry a higher level of investment risk over shorter periods with the possibility of higher returns over the longer term.

The Trustee will invest the assets of the fund in a number of carefully selected specialist fund managers. However, the Trustee does not specifically take into account labour standards or environmental, social and ethical considerations in the selection of fund managers.

The international equity portfolio is fully hedged back to Australian Dollars but may be changed at a later time. The Trustee regularly reviews the performance of the fund managers.