AGEST -
Australian Government Employees Superannuation Trust
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State Street Global Advisors
AGEST employs SSgA to manage part of the Australian and international shares portfolios of the fund.
The investment objectives and strategies for each of the above investment arrangements are outlined below. Objective To closely track the monthly returns of the S&P/ASX 200 Accumulation Index*. *This index measures the performance of the largest 200 stocks on the Australian Stock Exchange (ASX). Dividends paid by companies are included in this calculation of performance. Strategy Index replication techniques are employed to achieve broad exposure to Australian shares within the index in accordance with relevant market weightings. SSgA Global Index Plus Trust Objective To exceed the performance of the MSCI World (ex-Australia) Index* with Net Dividends reinvested by 0.75% - 1.00% pa over rolling 3 year periods. *The MSCI World (ex-Australia) Index measures the performance of major sharemarkets around the world (other than Australia), with each sharemarket's performance contributing to the index in proportion to its relative size by market capitalization. Dividends paid by companies are included in this calculation of performance. Strategy Stock selection techniques, which include value, growth and market sentiment, are employed to assess all companies across the benchmark index. The Trust invests across a well diversified group of companies with risk characteristics that closely match the MSCI World ex-Australia Index.
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