ARIA > Home > Investments > Your investment options > International Shares
International Shares (unhedged)
| 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 not hedged back into Australian dollars. This allows the fund to capture the returns generated by equity instruments in those markets and the returns (both positive and negative) that come from movements in exchange rates. | ||||||
| Asset allocation | 
Investing in International shares (unhedged) is like investing in Australian shares except that the companies are selected from those listed on international stock markets rather than the Australia stock market. In addition to being exposed to global stock market fluctuations, investment returns can also be influenced by currency movements, as investments are not hedged to Australian dollars.
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. |
||||||
| Investment managers | As at 30 June 2011, the investment managers appointed to the PSSap super schemes were:
| ||||||
| Top equity holdings | As at 31 March 2012, the top 10 Australian and international equity holdings were:
|
||||||
| 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 | 2.4 | -0.1 | 4.8 | -4.3 |