MAP offers the following Investment Strategy Fund options:
|Primary investment objective|
|To invest prudently so that the reasonable expectations of members can be met at the level of risk chosen by the member. The objectives set relate to the real value of the members benefits and thus risk and return objectives are linked to inflation.|
|Strategic objectives||Investment Strategy Fund Options|
|Time Horizon||10 years|
|Risk Objective: annualized 10-year return (5% level)||CPI - 1.2% pa||CPI - 1.4% pa||CPI - 1.7% pa|
|Return Objective: annualized 10-year return (average)||Maximize expected return subject to the above risk objectives|
The permissible asset allocation ranges for each Investment Strategy Fund option to the different strategic asset classes are shown below. The detailed investment strategy of the Aon Hewitt Multi Employer Provident Fund is set out in detail in the latest Statement of Investment Principles (SIP).
|Strategic Asset Classes||Investment Strategy Fund Options|
|Global Equity||0 - 25%||15 - 35%||25 - 45%|
|Hedge Funds||0 - 15%||0 - 15%||0 - 15%|
|Global Bonds||10 - 30%||20 - 40%||20 - 40%|
|Cash & Loans to members||30 - 90%||10 - 65%||0 - 55%|
The strategic asset allocations for each Option are reviewed on a quarterly basis and are subject to the above permissible ranges. The current strategic asset allocations for each Option are disclosed below.
|From 1 November 2015||Investment Strategy Fund Options|
Strategic Asset Classes