THE FUND’S INVESTMENTS

Your Fund’s investment objectives

The Fund’s overall investment objective is to ensure the security of your retirement money and to provide a reasonable rate of return above bank rates of interest over the medium and long-term without taking undue financial risk.

The specific objectives are:

• Avoid losses; that is to be in a position to declare a positive rate of return each year (short-term financial objective)
• Beat inflation; that is to achieve a rate of return which exceeds the rate of inflation (as measured by the CPI) by at least 2% per annum, after allowance has been made for tax and fees over periods of three years or more (medium-term financial objective)

Your Fund’s investment strategy

MIESF invests your money in a variety of assets with the objective of achieving a sound rate of interest each year with an acceptable level of risk.

In establishing the Fund’s strategy, the Trustee and the Investment Committee take into consideration the needs of investors in MIESF and the stated investment objectives. The state of the economy and financial markets are also taken into account.

Further information on the Fund's investments can be found in the Annual Report – click here.

How the Fund’s assets are invested

In order to achieve this balance, the Fund invests in a number of different asset classes including:

• Property
• Australian and Overseas Shares
• Bonds
• Cash

The following chart shows the asset allocation for the past two years: