Investments
2009/10 investment performance summary
This financial year marked the fifth year for the PSSap. It was a generally strong year for investment markets with positive returns across all investment options. In particular the Australian share market rallied strongly, rising by around 13.1% and global share markets rising by around 11.5%.
More conservative investment options returned moderately less than the more aggressive options as they hold a lower allocation to equity markets and hence did not participate as fully in the strong equity market rally.
Over the financial year to 30 June 2010, the PSSap Trustee Choice rose by 8.9%. The major contributors to the positive return were the rise in Australian and global equity markets. Dampening this overall result was a sharp decline in global share markets during the June quarter. This fall of around 11.2% was triggered in part by fears of sovereign solvency in peripheral Euro member nations such as Greece as well as uncertainty regarding policy actions. Diversification into corporate credit, government bonds, property and actively diversified global managers helped offset this negative impact to some extent.
In the five years to 2010, Trustee Choice has produced a return of 4.1% per annum.
| Funds under investment management for the total fund ($m) | 30 June 2009 | 30 June 2010 |
|---|---|---|
| 1,250 | 1,942 |
| Investment option | 1 year to 30 June 2010 |
5 year to 30 June 2010 |
|---|---|---|
| Trustee Choice | 8.9% | 4.1% |
| Conservative | 8.3% | 4.2% |
| Balanced | 9.0% | 4.4% |
| Aggressive | 11.0% | 4.0% |
| Cash | 3.4% | 4.7% |
| Government Bonds | 7.5% | 2.6% |
| Australian Shares | 13.1% | 4.9% |
| International Shares (unhedged) | 6.7% | -0.6% |
| International Shares | 11.1% | -0.5% |
| Property | 1.6% | 8.3% |
| Sustainable | 11.3% | 3.6% |
All returns are calculated as the compound average rate of earnings after fees and taxes. Be aware that long-term performance figures outlined above are for the investment options as a whole, and are not your personalised investment returns in PSSap.
PSSap’s comparison to SuperRatings all-fund median
