6 April 2020
The coronavirus has led to volatility in financial markets with share markets falling recently. This may have impacted your investments in the Fund. Depending on your choice of option, your investments are held across a diverse range of assets which helps to reduce the impact of falling share prices in uncertain times such as these. Some of these assets, such as property and infrastructure, do not trade daily or on exchanges like shares. In normal times, values for these assets are periodically struck throughout the year and then reflected in unit prices.
Given the extreme volatility we have seen in share markets we have taken the prudent step of adjusting the values of some of our property and infrastructure assets to more accurately reflect their current market value. These assets include infrastructure such as airports or property such as retail shopping centres. This has led to a decline in value of those assets, which has already been reflected in unit prices. We need to do this to ensure values, and therefore unit prices, reflect the most accurate value for all assets at that point in time, and ensure equity between members. Particularly as this applies to member transactions.
For more information on your investments and
the various asset classes please visit our Product Disclosure Statement or Investment Guide.