Conservative Growth Fund
This is an underlying investment option for BT Investor Choice Funds, Westpac Flexible Income Plan and BT Personal Portfolio Service.
Investment objective
The fund aims to provide a conservative level of capital growth over the medium term (at least 3 years) and a relatively high level of interest earnings.
Investment strategy
The fund invests either directly in assets or indirectly through collective investments (such as life policies or unit trusts) so that:
- The majority of the underlying assets provide income for reinvestment. Such assets include bank-backed bills, fixed interest and cash on deposit
- Part of the underlying assets of the fund includes growth assets, such as shares and property, to provide potential for higher returns.
Target investment mix
The illustration below outlines the standard allocation range of each investment type for the fund. The actual investment mix may vary depending on market conditions.
| Asset type | Neutral position | Range | |
|---|---|---|---|
|
Cash | 45% | (40 - 60%) |
|
International shares | 5% | (0 - 10%) |
|
Australian shares | 10% | (5 - 15%) |
|
Property securities | 5% | (0 - 20%) |
|
International fixed interest | 10% | (0 - 20%) |
|
Australian fixed interest | 25% | (10 - 30%) |
