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International Shares
| Objective | Before the payment of tax, to at least match the return of the MSCI World (excluding Australia) Index | ||||||
| Risk level | High | ||||||
| Minimum suggested timeframe | Long | ||||||
| Investment strategy | The fund's investment managers holds diversified portfolios of international equities. The foreign currency exposure associated with those holdings is usually hedged back into Australian dollars. This allows the fund to capture the returns generated by equity instruments in those markets while minimising the impact of exchange rate movements on Fund return. | ||||||
| Asset allocation | 
Investing in International equity means investing in the ownership of companies based overseas. The return on investments comes from the profits of these companies through the form of dividends and share price fluctuations. Returns can also be affected by foreign currency movements. Compared with investing in Australian equity, International equities can offer a much broader range of companies and opportunities to invest in, but are also exposed to different risks. These returns can be very volatile and considered high risk in the short-term but may offer higher returns over the longer term.
Hover your mouse over an asset class to see the definition. Investments in each asset class can vary within a strategic asset allocation range. For further information see the PSSap Product Disclosure Statement. |
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| Investment managers | As at 30 June 2011, the investment managers appointed to the PSSap super schemes were:
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| Top equity holdings | As at 31 March 2012, the top 10 Australian and international equity holdings were:
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| Quarter year to 31 March 2012 % |
Financial year to 31 March 2012 % |
1 year to 31 March 2012 % |
3 years to 31 March 2012 % (annualised) |
5 years to 31 March 2012 % (annualised) |
|---|---|---|---|---|
| 9.6 | 1.7 | -0.2 | 10.3 | -3.7 |