The CFS Investments team has made some adjustments to the asset allocation of the CFS Multi-Manager, Multi-Sector and CFS Growth Builder options with the aim of improving investor outcomes.
The change is to increase the proportion of the global share allocation that is hedged against currency movements.
The overall allocation to global shares does not change but there is a corresponding change to the composite benchmarks, as follows:
CFS Conservative
Previous
New
Change
Global shares
MSCI All Country World ex Australia Net Index
7.50%
6.75%
-0.75%
Global shares - hedged
MSCI All Country World ex Australia Net Index Hedged AUD
4.50%
5.25%
+0.75%
CFS Diversified
Previous
New
Change
Global shares
MSCI All Country World ex Australia Net Index
14.50%
13.55%
-0.95%
Global shares - hedged
MSCI All Country World ex Australia Net Index Hedged AUD
8.50%
9.45%
+0.95%
CFS Modified
Previous
New
Change
Global shares
MSCI All Country World ex Australia Net Index
16.50%
15.47%
-1.03%
Global shares - hedged
MSCI All Country World ex Australia Net Index Hedged AUD
10.00%
11.03%
+1.03%
CFS Balanced
Previous
New
Change
Global shares
MSCI All Country World ex Australia Net Index
18.50%
17.40%
-1.10%
Global shares - hedged
MSCI All Country World ex Australia Net Index Hedged AUD
11.50%
12.60%
+1.10%
CFS Growth
Previous
New
Change
Global shares
MSCI All Country World ex Australia Net Index
20.00%
18.67%
-1.33%
Global shares - hedged
MSCI All Country World ex Australia Net Index Hedged AUD
12.50%
13.83%
+1.33%
CFS High Growth
Previous
New
Change
Global shares
MSCI All Country World ex Australia Net Index
28.00%
26.45%
-1.55%
Global shares - hedged
MSCI All Country World ex Australia Net Index Hedged AUD
17.00%
18.55%
+1.55%
CFS Growth Builder
Previous
New
Change
Global shares
MSCI All Country World ex Australia Net Index
24.50%
23.50%
-1.00%
Global shares - hedged
MSCI All Country World ex Australia Net Index Hedged AUD
15.50%
16.50%
+1.00%
You should read this update in conjunction with the
FirstChoice Investment Options Menu
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For more information about these changes, please refer to the relevant PDS, speak to a financial adviser if you have one, or call us on 13 13 36, 8:30am to 6pm Monday to Friday Sydney time.
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Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of the FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the responsible entity and issuer of the CFS Multi-Manager Funds Product Disclosure Statement and products made available under FirstChoice Investments and FirstChoice Wholesale Investments.
Information in this update and on this webpage is provided by AIL and CFSIL. It may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at www.cfs.com.au/tmd which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS), TMD and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling us on 13 13 36.