Growth option

 

Investment target

The Growth option targets to invest approximately 90% in growth assets and 10% in defensive assets.

Investment objective

Investment objective (after fees and taxes over rolling 10-year periods) - to outperform the annual rate of inflation (CPI) by around 3.5% pa.

Suitable for

Most suitable for members whose most important consideration is high returns and who are willing to accept a high risk of a negative return in any one year.

Risk versus return

This option has a very strong emphasis on growth assets with a view to achieving higher returns and therefore carries more investment risk. The value may vary significantly up or down over the short term. However, high investment returns are generally expected over longer periods. A negative annual return is anticipated on average 4-6 times every 20 years but negative returns may be more or less frequent.

Managed Volatility Process (MVP)

The Fund offers a feature known as the 'Managed Volatility Process' (MVP) which can be added to the Growth option. The MVP is designed to more actively manage volatility during periods of extreme volatility.

If you select Growth MVP, this option invests 95% of funds according to the target asset allocation of the Growth option, and 5% of funds to manage volatility through a futures overlay.

Target asset allocation*

 

 

*Where Growth MVP is chosen, the MVP overlay varies the allocations to Australian and International shares in response to market conditions, with the aim of lessening the impact of significant market downturns. The total shares exposure will generally be in the range of 20% - 65% and the total growth assets in the range of 40% - 85%, but may temporarily lie outside these ranges under extreme investment conditions.

Performance

Growth Investment return to 30 June 2019
Option 3 years 5 years 10 years
Accumulation 9.67% 8.21% 9.06%
Pension 10.72% 8.97% 10.14%

Refer to the investment performance page for the most recent investment performance figures.

Refer to the Investments Supplement for more information on investment options.

 

Your options in detail

Australian Shares option

Balanced option

Cash Enhanced option

Cash option

Conservative option

Fixed Term Investment option

Growth option

Indexed Diversified

International Shares option

Moderate option

MySuper option

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