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Maple-Brown Abbott

Last Updated : 17 Jul 2007

Website:  www.maple-brownabbott.com.au

AGEST and Maple-Brown Abbott

AGEST employs Maple-Brown Abbott to manage part of the Australian shares portfolio of the fund.

Objective and strategy

The objective of the portfolio managed by Maple-Brown Abbott is to outperform the S&P/ASX 300 Accumulation Index* over rolling 4 year periods.

*This index measures the performance of the largest 300 stocks 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 MBA.  This means that AGEST assets are not invested in a trust structure along with other investors.  The mandate has rules in relation to how MBA 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 MBA, rather than being bound by the rules of a trust structure.