Australian Ethical identifies a benchmark for each of the trusts against which it measures long term performance. Performance figures, however, are simply tools for monitoring your investment and the performance of your investment manager and should not be relied upon to forecast future returns. Data on these benchmarks are included against the return figures for each investment trust and superannuation strategy in the Product Disclosure Statements.
The benchmark for the Australian Ethical Balanced Trust is the Morningstar Peer Group Retail Investment Trusts Multisector – Balanced Index©.
© 2007 Morningstar Research Pty Ltd. All rights reserved. To the extent that the above constitutes general advice by Morningstar, this advice has been prepared by Morningstar Research Pty Ltd ABN: 83 062 096 342, AFSL: 243 161 and does not take account of your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. Please refer to Morningstar's Financial Service Guide (FSG) for more information at www.morningstar.com.au/fsg.asp and consider the product disclosure statement before making a decision to acquire the financial product.
The benchmark used for the Australian Ethical Equities Trust is the S&P ASX Small Industrials index. Investors should note that the use of this benchmark does not mean that the structure of the trust is the same as the structure of the benchmark used. There is likely to be a high tracking error between the returns of the trust and the benchmark.
The benchmark used for the Australian Ethical Large Companies Share Trust is the S&P/ASX 200 Industrials Index. Investors should note that the use of this benchmark for the trust does not mean that the structure of the trust is the same as the structure of the benchmark used. There is likely to be a high tracking error between the returns of the trust and the benchmark. The appropriate comparison period is three years or longer.
The benchmark for the Australian Ethical World Trust is the World MSCI (Morgan Stanley Capital International World Index) measured in Australian dollars (unhedged).
The benchmark for the Australian Ethical Income Trust is the consumer price index plus 2%.
For technical information on Australian Ethical’s approach to the use of benchmarks you can contact us.