Investment Choice
The Investment Strategies
High Growth
Unit price as at 03 December 2008 - $1.661316
History of High Growth Strategy Unit Price
Outline
This is the most aggressive strategy. It invests totally in growth assets, with no direct investment in cash or debt instruments such as fixed interest. The option's current high dependence on returns generated by listed equity markets is being reduced. This is being achieved through increased allocation to unlisted alternative growth assets such as Private Equity, Infrastructure (via both equity & debt), Property and Uncorrelated Alpha products such as hedge funds.
Investment objective
Achieve absolute returns of 11% (net) per annum over most rolling 7 year periods.
Level of risk
Moderately high. The likelihood of a negative return is approximately 1 year in 6.
Target Asset Allocation
Investor suitability
This strategy may be suitable if:
- You have seven or more years until you need your super; and
- You wish to achieve an attractive return over the longer term and are able to tolerate a higher level of variability in returns over the short term.
Unit Price History in detail
Management Expense Ratio (MER)
The MER for the High Growth Strategy is 0.5274% (effective 3 November 2008).
The MER is the ratio of investment expenses and Trustee 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 High Growth Strategy at 30 June 2007 was 0.9296%.
Investment managers
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