Long-term performance also remains solid
Longer term, the Core Strategy’s performance has remained solid, returning +7.88% per annum over the 10 years to end March 2021. This is well above its investment objective of CPI + 3% per year over the longer term, and ahead also of SuperRatings’ median fund*. Compared to peers#, the returns of our Structured options (Capital Stable, Balanced, Balanced-Indexed, Diversified and High Growth) over 10 years, has also remained competitive. Over the last year we have successfully introduced new managers to our portfolios to maintain strong returns and keep fees low. We have also added to our exposure to share markets locally and globally, at the same time reducing our cash and property weightings. These changes have made positive impacts to the performance of our Core Strategy and Structured options.