Your Choice Asset Classes give you a more hands-on role in how your super's invested. You can choose your own asset allocation (how much of your super you want invested in each asset class). You can also mix and match with HESTA's Ready Made Investment Pools. Click here to compare investment options using HESTA's Investment Comparator.
Cash
Your Choice Cash aims to produce a return equivalent to or higher than the Overnight Cash Rate and is the most conservative of the Your Choice options. It's 100% invested in cash and enhanced cash products, and is updated with investment earnings and movements in values. Your Choice Cash aims to achieve CPI + 1%.
Fixed Interest
Your Choice Fixed Interest aims to produce a return that is higher than the UBS Composite Bond Index . It's less conservative than cash (in that it may produce a negative return) but is more conservative than the other Your Choice options. It’s 100% invested in fixed income products with investments in both Australian and international fixed interest, including products that specialise in investing in corporate bonds (known as “credit”). Investments are managed in a style similar to that used by Core Pool for this asset class. The currency exposures in the international bonds are fully hedged by the manager. Your Choice Fixed Interest aims to achieve CPI + 2%.
Absolute Return Strategies
Your Choice Absolute Return Strategies aims for returns considerably above cash returns; however it may produce a negative return from time to time. It’s invested in absolute return strategy products and sometimes commodities, primarily through international managers, although these may include Australian managers. Investments are managed in a style similar to that used by Core Pool for this asset class. Its currency exposures are fully hedged by the manager. Your Choice Absolute Return Strategies aims to achieve CPI + 4%.
Infrastructure
YC Infrastructure aims to produce a return that is significantly higher than the UBS Composite Bond Index. It has holdings in unlisted companies and, although these are not considered speculative, this means it is likely to produce negative returns from time to time. Returns should be less volatile than other equity investments. Your Choice Infrastructure is invested primarily in unlisted infrastructure products, including both Australian and international infrastructure such as roads, airports, power stations and other key community projects. Investments are managed in a style similar to that used by Core Pool for this asset class. The currency exposures in the international infrastructure are either hedged by the manager or under HESTA’s strategic hedge policy. Your Choice Infrastructure aims to achieve CPI + 4%.
Private Equity
Your Choice Private Equity aims to produce high long-term returns; however it is very likely to produce negative returns from time to time. It’s 100% invested in both Australian and international private equity products. Investments are managed in a style similar to that used by Core Pool for this asset class. The currency exposures in the international private equity are managed under the HESTA strategic hedge policy. Your Choice Private Equity aims to achieve CPI + 7%.
Property
Your Choice Property aims to produce a return equivalent to or higher than the Mercer Direct Property index. It's less conservative than cash or fixed interest (in that it may produce a negative return) but is more conservative than the remaining Your Choice options. It’s 100% invested in unlisted property products which can include both Australian and international property such as office buildings, factories and shopping centres. Investments are managed in a style similar to that used by Core Pool for this asset class. The currency exposures in the international property are managed under the HESTA strategic hedge policy. Your Choice Property aims to achieve CPI + 4%
Australian Shares
Your Choice Australian Shares aims to produce high long-term returns; however it is very likely to produce negative returns from time to time. It ‘s invested in listed Australian shares. Investments are managed in a style similar to that used by Core Pool for this asset class. Its exposure to small company managers is lower than the exposure in the Australian Share Pool. It may at times hold a small percentage of its assets in shares of companies not listed on the Australian Stock Exchange. It may include managers that also short-sell shares. Your Choice Australian Shares aims to achieve CPI + 5%.
International Shares
Your Choice International Shares aims to produce high long-term returns; however it is very likely to produce negative returns from time to time. It’s invested in listed international shares. Investments are managed in a style similar to that used by Core Pool for this asset class. The currency exposures in International Shares are managed under HESTA’s active currency overlay program policy. It may include managers that also short sell shares. Your Choice International Shares aims to achieve CPI + 5%.