AGEST -

Investment returns

Please read our important investment information before you refer to the investment performance on this page. To understand how unit prices work, download our Unit Pricing Fact Sheet.

Latest unit prices on this page are for Wednesday, 27 August 2008

Click here to see returns for previous financial years.

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Superannuation members - not Allocated Pensioners > Click here to see the monthly performance for the current financial year
Latest Unit Prices			Investment returns to 31 July 2008
Investment Options	Wednesday, 27 August 2008	Financial Year To Date Return	1 month	12 months	3 Years (% pa)
Growth	0.974824	-1.30%	-2.52%	-9.12%	-
Balanced	1.027859	-0.31%	-1.46%	-4.10%	7.76%
Moderate	1.031390	-0.03%	-1.15%	-2.89%	-
Stable	1.061150	0.78%	-0.24%	0.68%	-
Conservative	1.074755	1.23%	0.28%	3.05%	-
MultiStrategy	1.115035	-0.23%	-0.59%	4.51%	-
Australian Shares	0.952354	-3.46%	-4.66%	-12.84%	8.19%
International Shares (Hedged)	0.923254	-1.44%	-1.27%	-11.39%	-
International Shares (Unhedged)	0.851770	5.82%	-0.32%	-17.32%	-
Listed Property	0.677900	0.43%	-3.75%	-33.60%	- 4.36%
Fixed Interest	1.081668	2.67%	1.19%	4.97%	3.91%
Cash	1.098022	1.07%	0.56%	6.07%	5.33%

Allocated Pension members > Click here to see the monthly performance for the current financial year
Latest Unit Prices			Investment returns to 31 July 2008
Investment Options	Wednesday, 27 August 2008	Financial Year To Date Return	1 month	12 months	3 Years (% pa)
Growth	0.979743	-1.75%	-3.08%	-9.72%	-
Balanced	1.039844	-0.38%	-1.64%	-4.06%	8.80%
Moderate	1.040378	-0.10%	-1.35%	-2.88%	-
Stable	1.074399	0.89%	-0.28%	1.21%	-
Conservative	1.089752	1.44%	0.33%	3.84%	-
MultiStrategy	1.130968	-0.27%	-0.70%	4.99%	-
Australian Shares	0.955381	-3.76%	-5.08%	-13.70%	9.01%
International Shares (Hedged)	0.921855	-2.33%	-2.12%	-12.39%	-
International Shares (Unhedged)	0.833589	6.24%	-0.72%	-19.31%	-
Listed Property	0.645995	-0.43%	-4.96%	-36.95%	- 4.80%
Fixed Interest	1.099711	3.15%	1.41%	6.10%	4.69%
Cash	1.116918	1.26%	0.66%	7.21%	6.32%

Past Returns

Returns in 2008 - 2009

Returns in 2007 - 2008

Returns in 2006 - 2007

Returns in 2005 - 2006

Returns in 2004 - 2005

Returns in 2003 - 2004

Returns in 1990 - 2003

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• Past performance should not be taken as an indication of future performance.
• AGEST's unit prices for a particular day are not calculated until the close of all markets (including overseas) for that day.  This means, for example, that unit prices for a Monday cannot be calculated until late Tuesday morning, then they will usually be placed on this website by 3.00pm on Tuesday. 
  This also means that Thursday's unit prices will remain in the table above until the unit prices for Friday, Saturday and Sunday are entered by around 3.00pm on the following Monday (unless Monday is a public holiday, in which case this will be delayed 24 hours). 
• In the event of a significant market correction, AGEST reserves the right to suspend any processing which would require the use of a unit price, until the market movement has been incorporated into the unit price.
• Whilst the difference between the unit prices for Superannuation and Allocated Pension members is just tax, that difference will vary from day to day and will not be a constant percentage.
  Although both sets of unit prices are based on the same underlying investments, there can be changes in tax provisions each day for varying reasons.  Take a simple example - when a share moves from having been held for under one year to over one year, our provision for tax payable on any unrealised capital gain falls by one third.  So even if the pretax return (for allocated pensioners) was zero that day, there would be a positive return for Superannuation members due solely to the reduction in tax (which would appear as a positive return for Superannuation members).  There are other similar tax events that can result in positive or negative tax changes on any day.
• Whilst one may expect changes in Allocated Pension unit prices to be greater than Superannuation member unit prices, this is not always the case, again for tax reasons.  When returns fall, tax provisions also fall, so the after tax return will be greater than the pre tax return, resulting in higher unit price changes for Superannuation members during that period.