Investment overview
Last Updated : 16 Feb 2010
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The fund's investments at 31 January 2010 were approximately $3.5 billion.

The Balanced option held approximately $2 billion of this amount, with the remaining $1.5 billion being invested by members across our other 11 investment options.

We employ over 40 investment managers to invest the fund's assets across various sectors as follows:

Investment Sector Investment Managers
Australian Shares

Ausbil Dexia
Ellerston
GMO
Kosmos
Macquarie
Maple-Brown Abbott
State Street Global Advisors

International Shares

AllianceBernstein
AQR
AXA Rosenberg
Lazard
Orbis
State Street Global Advisors
Taube Hodson Stonex
Turner
Walter Scott

Australian Private Equity

Industry Funds Management
Industry Super Holdings Pty Ltd
Macquarie
Pacific Equity Partners
Quay Partners
Wilshire

International Private Equity

Goldman Sachs
Mesirow
Northgate
Siguler Guff

Infrastructure

Infrastructure Capital Group
Industry Funds Management

Listed Property Vanguard Investments Australia Ltd
Unlisted Property AEW
Dexus
Fortius
Franklin Templeton
Industry Superannuation Property Trust
Absolute Return Strategies

BlackRock
GMO

Fixed Interest Barclays Global Investors
BlackRock
Hastings Funds Management
Members Equity Bank
PIMCO
Cash

BNP Paribas
Industry Funds Management
Macquarie
State Street Global Advisors

Foreign Currency Hedging Pareto Investment Management Limited
Millennium Global Investments Ltd

Consideration of environmental, social and governance (ESG), ethical and labour issues in our investment policy

The Trustee supports environmental, social and governance (ESG) principles and encourages its Directors, staff and service providers to adopt such principles in their daily business activities.

The Trustee has appointed external investment managers to manage its assets and an external investment consultant to advise it on investment matters. Such appointments are made by the Trustee as those firms have the necessary professional expertise, resources and research capability in investment related matters which AGEST does not have internally.

Whilst our investment policy does not directly take ESG, ethical and labour issues into account, the Trustee encourages the fund’s investment consultant and all the fund’s investment managers to integrate consideration of these issues into their investment analysis and decision-making processes in relation to the investments they manage on behalf of the fund.

Our investment managers take many factors into account when they make an investment. These factors may include ESG, ethical and labour issues, to the extent that those issues affect the profitability of those investments.




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This website, and documents linked to it, provides information of a general nature. It has been prepared without taking into account your particular needs, circumstances and objectives. You should assess your own financial situation and read our combined Product Disclosure Statement and Financial Services Guide before making an investment decision. The Trustee of AGEST (Australian Government Employees Superannuation Trust) is AGEST Super Pty Ltd, ABN 44 007 390 392, SPIN AGE0101AU and AFSL 233707, RSE Licence L0000383, RSE Registration R1001556.