print page  ME Growth Fund
The ME Growth Fund is suitable for investors seeking long-term capital growth and moderate income by investing in both Australian and international markets. Designed to provide strong returns over the medium to long term with a weighting towards capital growth.
Summary
| Investment objective |
To achieve returns that exceed the inflation rate as measured by the Consumer Price Index (CPI) by 3% per annum, on a rolling five-year basis. To achieve this, the Fund will invest a significant proportion of funds into growth assets such as shares and property. It aims to limit the likelihood of applying negative annual returns to one in every five years. |
| Indicative risk level |
Moderate - High |
| Investment timeframe |
4 years or more |
| Minimum investment |
$1,000 as a lump sum, and/or $80 a month by using the regular investment option (direct debit from your nominated bank account). |
| Management costs* |
1.27% - 1.57%pa |
| Transaction cost (buy/sell)** |
0.17%/0.17% |
| Past performance |
See latest monthly performance and weekly unit price |
Asset Allocation
Asset class
|
Actual Allocation as at 31/10/11 |
Strategic Allocation |
Allowable Range |
| Australian Shares |
38.49%
|
37.5% |
35-47.5% |
| International Shares |
22.85%
|
22.5% |
17.5-27.5% |
| Property |
15.12%
|
15% |
10-20% |
| Australian Fixed Interest |
8.35%
|
8.75% |
5-15% |
| International Fixed Interest |
8.82%
|
8.75% |
5-15% |
| Cash |
6.37%
|
7.5% |
2.5-12.5% |
Actual Asset Allocation = The actual proportion of assets, such as shares, cash and property, held in each investment option at a particular point in time.
Strategic Asset Allocation = The strategic allocation is the optimal asset mix in order to achieve the options' long-term investment objectives and to enhance performance.
Allowable Asset Allocation Range = Adherence to the strategic asset allocation can only be achieved if the asset mix is regularly rebalanced to accommodate market movement. The allocation is permitted to vary within the allowable asset allocation range as determined by the Trustee.
* The level of management costs you pay depends on the size of your investment.
** The above Transaction costs are current as at 2 May 2011 |
