Our trustee selects professional investment managers to manage the fund’s assets, which includes the super in your account.
Each investment manager is allocated a portion of the fund’s assets to manage based on its specialist skills, and we regularly monitor each manager’s activities and investment performance.
A list of the fund's current investment managers by asset class as at 28 November 2018 is provided below, together with the target allocation (%) of assets within that asset class for the fund's accumulation assets. Actual allocations may vary from the targeted strategic allocation from time to time. You can also find out more about the allocation of assets to each investment manager in our Annual Report each year.
Note: Each investment manager is a service provider to the fund. You do not have direct investments with these managers, nor do the managers enter into any direct relationships with you or provide financial services to you. The appointed investment managers may be altered at any time without prior notice to you.
*Investment managers with an asterisk are wholly-owned subsidiaries of Commonwealth Bank of Australia (ABN 48 123 123 124).
|Asset class||Investment managers (target percentage of asset class allocated to manager)|
|Fixed Interest & Cash||
Macquarie Investment Management Global Limited (45%)
Ardea Investment Management Limited (30%)
Goldman Sachs Asset Management International and Goldman Sachs Asset Management LP (25%)
Colonial First State Asset Management (Australia) Limited* (100%)
GAM International Management Limited (100%)
Note: An investment mandate with Acorn Capital Limited is in wind down but this manager continues to hold a small pool of assets within this asset class, which is expected to reduce to zero.
Whitehelm Capital Pty Ltd (30%)
AMP Capital Investors Limited (12.5%)
Vicinity Funds Management Pty Ltd (12.5%)
Resolution Capital Limited (10%)
QIC Limited is also appointed to hedge 100% of the foreign currency exposure for this asset class.
Insight Investment Management (Global) Limited (26.7%)
Newton Investment Management Limited (26.7%)
Schroders Investment Management Australia Limited (26.6%)
AQR Capital Management LLC (20%)
Merlon Capital Partners (25%)
Colonial First State Asset Management (Australia) Limited* (20%)
Quest Asset Partners Pty Limited (20%)
Yarra Funds Management Limited (20%)
Hyperion Asset Management Limited (15%)
QS Investors LLC (15%)
Realindex Investments Pty Limited* (15%)
Altrinsic Global Advisors LLC (14%)
American Century Investment Management Inc. (14%)
Ardevora Asset Management LLP (14%)
Hosking Partners LLP (14%)
Vontobel Asset Management Inc. (14%)
QIC Limited is also appointed to hedge approximately 25% of the developed market currency exposure for international shares within this asset class.