Strategic asset allocation
Aim
To achieve returns of 4% p.a. above inflation over rolling 5-year periods.
Negative returns expected 3 out of 20 years.
Investment risk
Medium to high
Suited to
Members in this option at 30/6/2011 seeking reasonably high returns and the reserve allocation, and prepared to accept potentially modest to significant fluctuations in returns over shorter periods.
Estimated fees (2011/12)
0.18% administration
0.54% Investment management
Earning rates
| Year ending 30 June | Accumulation accounts % p.a. | Pension accounts % p.a. |
|---|---|---|
| 2011 | 9.32 | 10.05 |
| 2010 | 6.26 | 6.86 |
| 2009 | -14.10 | -16.39 |
| 2008 | 2.25 | 2.16 |
| 2007 | 14.95 | 16.13 |
| 5-yr avge % p.a. | 3.24 | 3.13 |
| 5-yr avge % p.a. over CPI | 0.31 | 0.20 |
Note: formerly known as Growth Smoothed. Closed to new contributions. Past performance is not an indication of future performance.
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