Contents
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Commencement
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Opening of Parliament
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Petitions
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Parliamentary Procedure
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Answers to Questions
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Opening of Parliament
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Members
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Parliamentary Procedure
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Parliament House Matters
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Ministerial Statement
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Opening of Parliament
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Question Time
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Members
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Members
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Question Time
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Grievance Debate
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Bills
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Parliamentary Procedure
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Parliamentary Committees
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Address in Reply
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MOTOR ACCIDENT COMMISSION
In reply to the Hon. I.F. EVANS (Davenport) (7 October 2010) (Estimates Committee A).
The Hon. J.J. SNELLING (Playford—Treasurer, Minister for Workers Rehabilitation, Minister for Defence Industries, Minister for Veterans' Affairs): The Strategic Asset Allocation (weightings between each Asset Class) for the CTP Investment Fund is set by Motor Accident Commission (MAC) in conjunction with MAC's Global Investment Asset Consultant, Mercer. As illustrated in the table below, the total Funds SA managed assets returned 9.4 per cent compared to their total benchmark return of 8.3 per cent for the Financial Year ending 30 June, 2010.
Motor Accident Commission Investment Returns
FY performance to 30 June 2010 | over/under performance | SAA Weightings 30/06/2010 | Manager | ||
Asset Class | Return | Benchmark | |||
Australian Equities | 12.9% | 13.0% | -0.1% | 17.5% | Funds SA |
International Equities | 13.2% | 11.8% | 1.4% | 15.0% | Funds SA |
Listed Property | 37.1% | 39.0% | -2.0% | 2.5% | AMP |
Direct Property | 14.3% | 3.7% | 10.6% | 10.0% | MAC |
Inflation Linked Bonds | 11.0% | 10.1% | 0.9% | 5.0% | Funds SA |
MAC Fixed Interest | 7.4% | 6.7% | 0.6% | 35.0% | Funds SA |
Cash | 4.4% | 3.9% | 0.5% | 5.0% | MAC/Funds SA |
Diversified Strategies Income | 14.6% | 12.0% | 2.7% | 10.0% | Funds SA |
TOTAL MAC FUND | 10.2% | 8.6% | 1.6% | 100.0% | MAC/Funds SA |
Funds SA Managed Assets | 9.4% | 8.3% | 1.1% |