CCI Investment Management Growth Trust -
Investment objectives
This product is for investors seeking aggressive growth in capital
and income over a 3 to 5 year time horizon. The Trust has an 85% benchmark
exposure to growth assets such as shares and property. Returns will
therefore be more volatile than for the Balanced Trust.
The investment objectives for the CCI Investment Management Growth
Trust are to:
1. Maximise the Trust's long term investment returns, subject to
constraints aimed at containing fluctuations in returns over shorter
periods within acceptable limits.
2. Achieve returns after tax and fees that exceed CPI increases
by at least 4% pa over rolling 3 and 5 year periods.
3. Achieve returns after tax and fees that exceed the notional
return on the benchmark portfolio specified in the Investment Policy
Statement over rolling 3 and 5 year periods.
4. Earn an after tax and fees rate of return in excess of the median
Growth Fund manager in the Mercer Pooled Fund Survey (adjusted for
the tax-exempt nature of CCIIM investments) over rolling 3 and 5
year periods.
Any investment in this product should be viewed as an investment
with a long term investment horizon ie: for at least seven to ten
years.
CCI Investment Management Growth Trust
| Asset Class |
Benchmark (%) |
Policy Ranges (%) |
| Australian Shares |
30 |
25 - 35 |
| Overseas Shares (hedged) |
22.5 |
20 - 30 |
| Overseas Shares (unhedged) |
22.5 |
20 - 30 |
| Listed Property |
5 |
0 - 10 |
| Direct Property |
5 |
0 - 10 |
| Total Growth Assets |
85 |
70 - 100 |
| Australian Fixed Interest |
6 |
0 - 10 |
| Overseas Fixed Interest (hedged) |
4.5 |
0 - 10 |
| Index-linked Bonds |
1 |
0 - 10 |
| Cash |
3.5 |
0 - 10 |
| Total Defensive Assets |
15 |
0 - 30 |
| Exposure to Foreign Currencies |
22.5 |
20 - 30 |
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