Ausbil Dexia
Website: www.ausbil.com.au
AGEST and Ausbil Dexia
AGEST has employed Ausbil Dexia to manage part of the Australian shares portfolio of the fund.
Objective and strategy
The objective of the portfolio managed by Ausbil Dexia is to provide investment returns of 3% (after management fees and before taxes) in excess of the S&P/ASX 300 Accumulation Index* over a rolling 3 year period.
*This index measures the performance of the top 300 companies on the Australian Stock Exchange (ASX). Dividends paid by companies are included in this calculation of performance.
AGEST has an individually tailored investment agreement ("mandate") with Ausbil Dexia. This means that AGEST assets are not invested in a trust structure along with other investors. The mandate has rules in relation to how Ausbil Dexia can invest AGEST assets. For example, there are limitations on the types of investment that can be held within the portfolio.
An individual mandate enables AGEST to set its own rules and guidelines, with the agreement of Ausbil Dexia, rather than being bound by the rules of a trust structure.
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