Investment Choice
The Investment Strategies
Cash
Unit price as at 03 December 2008 - $1.324304
History of Cash Strategy Unit Price
Outline
This strategy aims to maximise protection against capital loss. To do this it invests only in secure cash investments such as bank deposits, bills, mortgages and short-term funds.
Investment objective
Achieve returns that match the UBS Bank Bill Index over a 1 year period.
Level of risk
Very low.
Target Asset Allocation
Investor suitability
This strategy may be suitable if:
- You need to access your super within two years; and
- Your most important consideration is avoiding a negative return in any one year
Unit Price History in detail
Management Expense Ratio (MER)
The MER for the Cash Strategy is 0.2235% (effective 3 November 2008).
The MER is the ratio of investment expenses and Trustees management costs as a proportion of the Net Asset Value
The MER reflects known actual investment costs for the financial year to date together with a provision for those costs that are not known such as taxation and the valuation of certain assets. These costs are deducted before unit prices are declared. The MER is used to determine daily unit prices.
The Indirect Cost Ratio (ICR) similarly reflects the ratio of investment expenses and trustee management costs as a proportion of the Net Asset Value
The ICR for the Cash Strategy at 30 June 2007 was 0.1388%
Investment managers
More Information
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