Investment managers
Who manages your super?
The Trustee employs the services of a number of external consultants to assist in managing your super. The table
shows the external investment managers as at 30 June 2009.
|
Asset class
|
Manager
|
% of total funds
under management
|
|
Australian equities
|
Balanced Equity Management Pty Limited
BT Investment Management (RE) Limited
FSS Trustee Corporation*
Macquarie Investment Management Limited
Northcape Capital Pty Ltd
State Street Global Advisors, Australia, Limited
Vanguard Investments Australia Limited
|
7.4
3.0
0.6
4.7
4.1
4.6
4.3
|
|
Sub total
|
|
28.7
|
|
Australian socially responsible equities
|
AMP Capital Investors Limited
|
0.3
|
|
Sub total
|
|
0.3
|
|
International equities
|
Baillie Gifford Overseas Ltd
Barclays Global Investors Australia Limited
Deutsche Asset Management (Australia) Limited
FSS Trustee Corporation*
GMO Australia Limited
Vanguard Investments Australia Limited
|
2.7
7.3
3.1
0.7
5.0
5.2
|
|
Sub total
|
|
|
|
Alternative assets
|
Macquarie Specialised Asset Management Limited
Vanguard Investments Australia Limited
|
2.8
0.1
|
|
Sub total
|
|
2.9
|
|
Listed and unlisted property trusts
|
Investa Properties Limited
Goodman Funds Management Australia Limited
GPT Funds Management Limited
Lend Lease Real Estate Investments Limited
St Hilliers Funds Management Limited
Vanguard Investments Australia Limited
|
0.7
0.5
2.4
0.4
0.0
1.1
|
|
Sub total
|
|
5.1
|
|
International fixed interest
|
BlackRock Financial Management Inc
Mondrian Investment Partners Limited
Vanguard Investments Australia Limited
|
2.4
0.1
2.7
|
|
Sub total
|
|
5.2
|
|
Australian fixed interest
|
UBS Global Asset Management (Australia) Ltd
Vanguard Investments Australia Limited
|
|
|
Sub total
|
|
10.2
|
|
Cash
|
Vanguard Investments Australia Limited
|
|
|
Sub total
|
|
23.6
|
|
Total
|
|
100.0
|
* Note: The FSS Trustee investment team performs a cash flow and portfolio re-balancing function for the pre-mixed
investment options using distribution accounts in the Australian equities and international equities asset sectors.
Asset consultant
An asset consultant, currently JANA Investment Advisers Pty Limited, advises on appropriate asset allocation for each
of the pre-mixed investment options and provides research on managers in each of the asset sectors, including an
evaluation of the manager’s investment style and its suitability to complement other current and potential managers.
Custodian
A master custodian, currently JP Morgan Chase Bank, has been appointed to hold the Fund’s assets. Generally, the
custodian values the Fund’s investments on each business day, and monitors each investment manager’s daily activity.
|
