Objective

The primary purpose of the Fund is the preservation of member's contributions.

The principal investment ohective is to seek positive returns on funds invested without putting the basic purpose at risk. Subject to an ongoing risk assessment, the investment objective is to seek after tax return over time of at least 3% pa above CPI with negative returns in no more than one in five.

Risk Management

In developing the investment strategy, the Board in consultation with the Investment Manager, has analysed the risks of various forms of investment and developed a means of mitigating the risk. This involves the exclusion of investment in asset forms considered to have unacceptable levels of risk and limits on exposure to individual assets. More generally asset diversification seeks to mitigate risk through diversifying investment across different asset sectors and different markets.