State Street Global Equity Fund
About this Fund
|FUND MANAGER||State Street Global Advisors Australia|
|ASSET CLASS||AUSTRALIAN EQUITIES|
|INVESTMENT STYLE||The Fund invests in listed Australian securities selected from the S&P/ASX 300 Index.|
|INVESTMENT PROFILE||The Fund aims to outperform the Benchmark over rolling 5 to 7 year periods.|
|CURRENCY MANAGEMENT||Active management|
|BENCHMARK||MSCI World ex-Australia Index|
|FUND SIZE||MSCI World ex-Australia Index|
|NO. OF HOLDINGS||100-200|
|FEES||0.85% p.a. of the NAV of the Fund|
Benefits of investing in the State Street Global Equity Fund
Benefits of Investing in the Fund include:
The Fund provides investors with a cost
efficient way of gaining diversified exposure to international stock markets.
The Fund aims to exceed the performance (before
management costs) of the MSCI World ex Australia Index.
The Fund accrues dividends and distributions from the underlying securities in the portfolio. The accrued dividends and distributions are distributed net of expenses to unitholders semi-annually. In addition, any tax credits the Fund receives are also distributed to unitholders.
Periodic Investor Communications
Up to date information about your investment will be sent to you and information about the Fund is available at ssga.com.
Experience and Commitment
Having your money managed by the experience and dedicated teams of one of Australia's largest investment managers.
Secure on-line access allows you to view your holdings and transactions and to download or print these details.
The Fund is suitable for investors who seek long
term capital growth, but with a lower risk profile than the broader global
equity market index, and are prepared to accept some volatility in
About the Fund
The fund is a long-only strategy which aims for a fully-invested exposure to equities, with no short selling and no leverage.
How we invest your money
The Fund invests in listed global equity securities selected from the MSCI World-ex Australia Index. SSGA creates a portfolio which aims to deliver strong total returns with lower total variability of returns than the market index.
The strategy looks for high quality companies that are reasonably valued and have an improving growth outlook and positive investor sentiment. Via security selection and portfolio construction, the implemented portfolio is expected to have a lower level of absolute risk (as defined by standard deviation of returns) than the market index, and the potential to provide total returns above the market index over the long term.
We manage currency risk using SSGA's Dynamic Strategic Hedging programme ("DSH). Rather than choosing the Fund to be unhedged or fully hedged, we adjust the hedge ratio for each currency in the portfolio according to our medium to long term assessment of that currency's economic value relative to the Australian dollar.
Asset allocation ranges