Investment Choice
The Investment Strategies
Conservative
Unit price as at 03 December 2008 - $1.415442
History of Conservative Strategy Unit Price
Outline
This strategy invests in a conservative mix of assets, mostly debt instruments (such as cash, corporate and infrastructure debt), with some investment in shares and property.
Investment objective
Achieve returns that are greater than 1% (net) over the UBS Bank Bill Index over most rolling 3 year periods.
Level of risk
Low.
Target Asset Allocation
Investor suitability
This strategy may be suitable if:
- You have two to five years until you need your super; and
- You are able to tolerate a degree of variability of returns over the short term with a view to achieving a reasonable return over the medium term.
Unit Price History in detail
Management Expense Ratio (MER)
The MER for the Conservative Strategy is 0.3420% (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 Conservative Strategy at 30 June 2007 was 0.5526%
Investment managers
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