This Fund's key investment objective is to maximise long- term real returns within some risk constraints. ARIA expects to achieve, over the long-term, a real return of 4.5% per annum after tax and fees. In the current inflation environment, this equates to a nominal return of 7% per annum over the long-term.
In developing its investment strategy to achieve this objective, ARIA has adopted the following constraints to manage the level of short-term volatility of returns and maintain appropriate levels of liquidity in the Fund:
The investment environment going forward cannot be predicted, however ARIA is constantly monitoring its strategic asset allocation and the global economic environment in which your money is invested.
Currently, a little over half the Fund’s assets are invested in equities, with the remainder invested in bonds, property, cash, market-neutral strategies and alternative investments, such as private equity.
This strategy should allow the Fund to pursue its real return objective while keeping within its volatility objective of delivering positive returns in about 24 years out of 30.
This Fund’s key investment objective is to preserve its capital and earn a return close to that of the UBSA Bank Bill Index.
The Cash Investment Option invests in:
