How is your money invested?

Shares are a type of investment that give you partial ownership of a company. They can be bought or sold on an exchange. 

The value of shares is dependent on the performance of the company and the overall share market. Investing in shares can offer the potential for high returns. However, share prices can change quickly and by large amounts. This makes them a high-risk investment.

We invest in both Australian and international shares across a range of industries.

We invest in both unlisted and listed property assets. 

Unlisted property assets include office buildings, industrial estates, shopping centres and residential property. They also include investments in property operating platforms which are property businesses that own and operate property assets in different sectors.

Listed property investments are property owning entities and property businesses listed on a sharemarket.

Private equity is an investment in a company that isn’t listed on a public stock exchange. It can include Australian and international companies across a wide range of industries. 

Private equity investments can generate strong returns for investors. However, they are generally not easily traded and are high risk, so are best suited to investors with a medium to long-term horizon.

Infrastructure investments are the systems and facilities that provide essential services to communities. It also includes the entities that own or operate them.  

Infrastructure investments can include: 

• utilities, such as electricity, gas and water

• energy, such as power, renewables and storage

• transport, such as toll roads, railways, airports and seaports

• social infrastructure, such as hospitals and convention centres

• digital, such as fibre and data centres.

Liquid alternatives are a type of alternative investment that can provide diversifying sources of return. They can:

• help manage portfolio risk, and 

• generally be readily converted into cash. 

Fixed income investments pay regular interest over a set term, usually at a fixed rate. They can include bonds and securitised assets. 

A bond is a loan to a government or large corporation. The investor receives regular interest payments called coupons. The loan amount, known as the principal, is repaid to the investor when the loan period ends.

Securitised assets are created by bundling together debts, for example residential home loans, into tradeable securities. Investors in these securities receive regular payments similar to bond interest payments.

Credit income covers a range of debt investments. Like fixed income, credit income investments involve lending money to a borrower. However, compared to fixed income, the borrowers usually have a higher credit risk profile. This means the potential returns are typically higher than traditional fixed income. However, the risk of default is also greater.

Cash includes term deposits and other short-term interest-bearing investments issued by banks. 

The cash allocation for our diversified options can also include other short-term money market and debt securities. These types of cash investments can have the potential for higher returns, but also have modestly higher risk. 

Cash typically provides a low risk, short-term investment with fairly stable returns compared to other asset classes. However, expected returns are also lower and may not keep up with inflation.