| Objective |
Before the payment of tax, to match the return from the UBS Australian Bank Bill Index. |
| Risk level |
Low |
| Minimum suggested timeframe |
Short |
| Investment strategy |
The fund's investment manager holds a diversified portfolio of cash investments including bank deposits, Australian dollar denominated money market securities and interest rate futures and options traded on the Sydney Futures Exchange. This allows the fund to capture the returns generated by the Australian cash market. |
| Asset allocation |
 |
Cash |
100% |
| As at 31 March 2012 |
Funds in this asset class are invested in the Australian money market in investments such as term deposits and securities.
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Investments in each asset class can vary within a strategic asset allocation range. For further information see the PSSap Product Disclosure Statement. |
| Investment managers |
As at 30 June 2011, the investment managers appointed to the PSSap super schemes were:
- 452 Capital Pty Limited
- Alleron Investment Management Limited
- AMP Capital Investors Limited
- Anchorage Capital Offshore Fund Limited
- Arcadia Funds Management Limited
- Aurora Investment Management LLC
- Balanced Equity Management Pty Limited
- BlackRock Financial Management
- Bridgewater Associates, Inc
- Colchester Global Investors Limited
- Colonial First State Property Limited
- Concord Capital Limited
- Dexus Property Group Limited
- Eureka Funds Management Company
- GMO Australia Limited
- Graham Global Investment Fund Limited
- Gruss Global Investors Limited
- Holowesko Partners Limited
- Integrity Investment Management Limited
- JCP Investment Partners Limited
|
- Lend Lease Real Estate Investments Limited
- Loomis Sayles & Company LP
- Luxor Capital Partners Offshore Limited
- Macquarie Investment Management Limited
- Marathon Asset Management Limited
- Marvin & Palmer Associates Inc
- Northward Capital Investment Management Limited
- Orbis Investment Management Limited
- Paradice Investment Management Limited
- Pharo Macro Fund Limited
- PIMCO Australia Pty. Ltd.
- Platinum Asset Management
- Rogge Global Partners PLC
- Schroder Investment Management Australia Limited
- Solaris Investment Management Limited
- State Street Global Advisors Limited
- Steadfast International Limited
- Stone Harbor Investment Partners LP
- Vanguard Investments Australia Limited
- Wellington International Management Company Pte Limited
- Winton Futures Fund Limited
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| Top equity holdings |
As at 31 March 2012, the top 10 Australian and international equity holdings were:
Australian
- BHP Billiton Ltd
- Westpac Banking Corp
- Commonwealth Bank
- National Aust Bank
- ANZ Banking Group
- Newcrest Mining
- Rio Tinto Limited
- Telstra Corp
- CSL Limited
- Suncorp Group Ltd
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International
- Apple Computer Inc
- Oil Search Limited
- News Corp Inc CDI
- Resmed Inc-CDI
- Exxon Mobil Corp
- Microsoft Corp
- Intl Business Machin
- General Electric Co
- Chevron Corp
- Nestle Sa
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