Balanced Growth

The Balanced Growth strategy generally invests a high proportion of its funds in growth assets, such as Australian and international equities and property. The balance is invested in income-producing assets. This combination aims to earn real investment growth above the CPI over a 10-year period. The emphasis is on growth, so bear in mind there may be what financial professionals call 'short-term volatility' in this strategy. In other words, the value of the investment may fluctuate over the short-term. This volatility is not as great as it is in the High Growth strategy.

Objective

3.0% above CPI

Risk Profile

Medium to High

Time horizon

5 years

Asset Allocation

Asset class Current allocation Allocation range
Growth
 
Australian Equities
27.03 % 15%-35%
 
International Equities
27.10 % 17%-37%
 
Australian Direct Property
5.23 % 0%-10%
 
International Listed Property
2.93 % 0%-10%
 
Private Equity
6.55 % 2%-12%
 
Private Credit
2.31 % 0%-6%
 
Growth Alternatives
1.90 % 0%-5%
Defensive
 
Short Term Fixed Interest
9.27 % 5%-15%
 
Liquid Alternatives
1.15 % 0%-5%
 
Bonds
9.46 % 2%-22%
 
Infrastructure
3.45 % 0%-10%
 
Cash
3.64 % 0%-10%

Asset allocations current at 31 May 2021.
Note that the combined investments in Illiquid Asset will not exceed 30%. Illiquid assets are defined as follows:
• Australian Direct Property
• Private Equity
• Private Credit
• Growth Alternative except Attunga Fun
• Infrastructure
• International Equities (Only Challenger Index Plus Fund)