Combined Fund taps more growth assets
Monday, 8 February 2010 12:15pm
Combined Fund has increased its growth and balanced strategies' exposure to growth assets as markets improve and super funds return to riskier investments.
According to a newsletter from Combined Fund, the fund's balanced option was managed on a 70/30 approach prior to November last year.
This has since changed to 75/25 - denoting a bigger exposure to growth assets.
Similarly, the fund's growth investment option now stands at 85/15, as opposed to 80/20.
"The change of investment mixes is designed to produce higher long term returns for members," noted the newsletter.
The fund also quoted reviews of investment mixes used by other super funds, showing almost 45 per cent of Balanced options having more than 70 per cent of their money invested in growth assets.
Meanwhile more than 75 per cent of Growth options have more than 80 per cent of their funds invested in growth or riskier assets.
Combined Fund had $436 million in FUM at the end of September, according to Rainmaker Information.
Ruth Liew
