Each investment option has an objective which is the desired performance outcome.
Pre-mixed investment options
For each pre-mixed option, the investment objective is to achieve investment returns above inflation (as measured by the Consumer Price Index) over rolling time periods.
Investment objectives are established as part of setting long-term financial goals, and determine whether your investments may be under or over performing over a period of 10 or more years.
While these benchmarks are not to be taken as a forecast of future performance, they can give you an idea of the expected return outcome of each investment mix.
Investment objectives (over 10 year periods)
|High Growth||CPI + 4%||CPI + 4.5%|
|Growth||CPI + 3.75%||CPI + 4.25%|
|Diversified Socially Responsible||CPI + 3.75%||CPI + 4.25%|
|Balanced Growth||CPI + 2.75%||CPI + 3.25%|
||CPI + 1.0%||CPI + 1.5%|
Single asset option benchmarks
To benchmark the performance of our asset class options, we use internationally recognised standard indices as our benchmark.
For example, the benchmark for shares are usually a stock exchange index for the performance of the broader market. From time to time, we review and sometimes change the benchmark.
|Australian Equities||S&P ASX 300 Index (dividends re-invested)|
|Australian Socially Responsible Equities||S&P ASX 200 Index (dividends re-invested)|
|International Equities||MSCI World Index ex Australia (net dividends re-invested) in Australian dollars|
|Property||FTSE EPRA/NAREIT Developed Rental Index (Hedged) & CPI +5%|
|Australian Fixed Interest||Bloomberg AusBond Composite 0+Yr Index|
|International Fixed Interest||Barclays Global Aggregate Float Adjusted Index (Fully Hedged)|
|Cash||Bloomberg AusBond Bank Bill Index|