Your Choice Asset Classes give you a 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 is invested primarily in short-term bank deposits, and may include a small allocation to other cash investments. It's updated with investment earnings and movements in values. Your Choice Cash aims to achieve CPI + 1%.
Global Bonds
Your Choice Global Bonds 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 bonds and other fixed income products. It will have investments in Australian and international bonds 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. Its currency exposures in the international bonds are fully hedged. Your Choice Global Bonds aims to achieve CPI + 2%.
Infrastructure
Your Choice 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, 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, with a 10% holding in cash products (introduced from 1 November 2010). 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 fully hedged. 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, with a 10% holding in cash products (introduced from 1 November 2010). Investments are managed in a style similar to that used by Core Pool for this asset class. The currency exposures in international private equity are fully hedged. 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 has a high possibility of producing a negative return, but is more conservative than the remaining Your Choice options. It’s 100% invested in unlisted property products which will include both Australian and international property, with a 10% holding in cash products (introduced from 1 November 2010). 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 fully hedged. 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. It currently has an overweight position to small company managers that 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 who 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 who also short sell shares. Your Choice International Shares aims to achieve CPI + 5%.