Investment Changes to the Select Investment Funds investment options

Investment Changes to the Select Investment Funds investment options

Effective 1 October 2015

Following a review of the investment strategies for the Select Investment Funds investment options, we are changing the target allocations and ranges, as well as the target objectives for some options.

Unless specified below, there are no changes to the investment option.


Target allocation and range changes

View table for changes



Changes to investment objectives

In line with the changes to asset allocations, our long-term view of markets, and our focus on growing and protecting our investors' capital, we have adjusted the long-term investment objectives as measured against the Consumer Price Index, as follows: 

Investment option

Old investment objectives

New investment objectives

Conservative

CPI + 3% pa

CPI + 2.5% pa

Diversified

CPI + 3.5% pa

CPI + 3% pa

Balanced

CPI + 4% pa

CPI + 3.5% pa

Growth

CPI + 4.5% pa

CPI + 4% pa

 

Changes to risk level

The risk level represents the Standard Risk Measure (SRM) which is based on industry guidance to allow investors to compare funds that are expected to deliver a similar number of negative annual returns over any 20 year period.

Investment option

Old Risk label

New Risk label

Conservative

3 – Low to medium

4 - Medium

Diversified

4 – Medium

5 – Medium to high

Fixed Income

5 – Medium to high

3 – Low to medium

Real Estate

6 – High

7 – Very high

 

More information

Further details about the Select Investment Funds including all investment option profiles, may be found in the 1 October 2015 Product Disclosure Statement (PDS) available online.