AvSuper’s profit-for-member approach means all investment decisions are made to benefit members over the long term and help you build your retirement savings in an effective and prudent manner.
We use a range of investment managers to ensure members’ money is invested to meet specific objectives and strategies (including strategies to guard against excessive risk) set out by the AvSuper Trustee.
AvSuper regularly reviews investment strategies and our investment managers, and recent reviews have resulted in appointing two new fund managers as detailed below.
Australian equities (small caps) investment
Invesco was appointed in June 2010 as AvSuper’s Australian equities “small caps” (generally smaller companies listed on the Australian share market, predominantly outside of the S&P/ASX 100 index) specialist investment manager, responsible for 10% of AvSuper’s overall Australian equities exposure.
The Trustee sees that the Australian small caps sector continues to offer sound growth potential in Australian equities and that Invesco possesses exceptional depth of market knowledge and investment experience, consistently applied over more than 20 years and through numerous investment cycles.
Global infrastructure investment
In July 2010, Hastings Funds Management was appointed as one of AvSuper’s global infrastructure investment managers via its flagship fund Utilities Trust of Australia (UTA). UTA was established in 1994 and was one of Australia’s first infrastructure investment funds, with investments held in Australia, the US, UK and Europe.
The Trustee believes that infrastructure needs in developed markets are growing due to population growth and historic underinvestment, and that budget pressures on the public sector will require private sector solutions. This investment takes advantage of current market conditions via Hastings as a significant and established infrastructure manager.