Investment overview
Last Updated : 14 May 2010
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The fund's investments at 30 June 2010 were approximately $3.7 billion.
The Balanced option held approximately $2.1 billion of this amount, with the remaining $1.6 billion being invested by members across our other 11 investment options.
We employ the following investment managers to invest the fund's assets across various investment sectors.
| Investment Sector | Investment Managers |
|---|---|
| Australian Shares | Ausbil Dexia Ellerston GMO Kosmos Macquarie Maple-Brown Abbott State Street Global Advisors |
| International Shares | AllianceBernstein AQR 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 | BlackRock Hastings Funds Management Members Equity Bank PIMCO |
| Cash | BNP Paribas Industry Funds Management 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.
How AGEST's investments are managed video