Investment overview
Last Updated : 22 Feb 2011
Website users have given this page the
following rating (12 votes):
The fund's investments at 30 June 2011 were approximately $4.4 billion.
The Balanced option held approximately $2.4 billion of this amount, with the remaining $1.9 billion being invested by members across our other 11 investment options.
We employ the following investment managers to invest the fund's assets across various investment sectors.
| Investment Sector | Investment Managers |
|---|---|
| Australian Shares | Ausbil Dexia Ellerston GMO Kosmos Macquarie Maple-Brown Abbott State Street Global Advisors |
| International Shares | AllianceBernstein AQR Lazard Orbis State Street Global Advisors Taube Hodson Stonex Turner Walter Scott |
|
Australian Private Equity |
Industry Funds Management Industry Super Holdings Pty Ltd Macquarie Pacific Equity Partners Quay Partners Wilshire |
|
International Private Equity |
Goldman Sachs Mesirow Northgate Siguler Guff |
| Infrastructure | Infrastructure Capital Group Industry Funds Management |
| Listed Property | Vanguard Investments Australia Ltd |
| Unlisted Property | AEW Fortius Franklin Templeton Industry Superannuation Property Trust QIC |
| Absolute Return Strategies | BlackRock GMO |
| Fixed Interest | BlackRock Hastings Funds Management Members Equity Bank PIMCO |
| Cash | BNP Paribas Industry Funds Management State Street Global Advisors |
| Foreign Currency Hedging | Pareto Investment Management Limited Millennium Global Investments Ltd |
Consideration of Environmental, Social and Governance (ESG) issues in our investment policy
The Trustee believes that investors should have regard to good corporate governance and should avoid investments which fail to properly manage environmental and social risks. Our investment managers take many factors into account when they make an investment. These factors may include ESG to the extent that those issues affect the risk and return characteristics of those investments.
The Trustee encourages the fund’s investment consultant and all the fund’s investment managers to integrate consideration of these issues into their investment analysis and decision-making processes in relation to the investments they manage on behalf of the fund.
AGEST Super requires its investment managers to report on how they integrate ESG into their investment decisions. The fund also requires its listed equity managers to report on how they exercise voting rights.
The United Nations Principles for Responsible Investment (UNPRI)
In 2010 AGEST Super became a signatory to the UNPRI. This is an important part of our commitment to investing responsibly. The principles were developed to provide a framework for the investment community to achieve better long-term returns and more sustainable markets by considering ESG issues in their investment decision making. AGEST Super is currently working towards implementing the principles. More information about the principles is available at www.unpri.org.
Australian Council of Superannuation Investors (ACSI)
AGEST Super is a member of ACSI, the peak corporate governance body for institutional investors in Australia. More information about ACSI is available at
www.acsi.org.au.