Property

Objective Before the payment of tax, to at least match the return from the IPD Unlisted Property Index
Risk level Moderate
Minimum suggested timeframe Long
Investment strategy The fund's investment managers holds diversified portfolios of primarily industrial office and retail properties in Australia. This allows the fund to capture the returns generated by the Australian property market.
Asset allocation Default Fund Pie Chart
Property 100%
As at 31 March 2012
Property includes investments in established buildings and properties, for example shopping centres, or buildings under construction. We also invest money in trusts and property companies, which means we pool your money together with that of other investors, in order to have the scale to purchase a share of very large properties. The investment returns on property come from rent and changes to property values over time. Our property portfolio generally has lower returns than Australian shares as its risk profile is more moderate.

 

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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
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
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
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)
1.8 5.7 8.1 3.9 5.4