investment managers

implemented consulting process

Implemented consulting places responsibility for key day-to-day investment decision-making in the hands of full-time investment professionals who are leaders in areas such as:

  • asset allocation
  • portfolio configuration
  • fund manager selection
  • investment monitoring and co-ordination

The Trustee of REI Super has responsibility for monitoring the performance of the Implemented consultant and to periodically examine alternative providers of such services.

The Trustee of REI Super retains full control over the type and number of investment options offered to Members.

The Trustee of REI Super sets the primary investment objectives for each investment option.

REI Super uses Ibbotson Associates (Ibbotson) Implemented Consulting investment trusts for almost all of its investments. This arrangement provides REI Super access to Ibbotson's best research ideas, while reducing investment and operational risks. It also provides the Trustee of REI Super with greater capacity to focus on higher level strategic issues.

Ibbotson has been delegated responsibility for selecting and monitoring specialist investment managers within each asset class, implementing investment decisions and managing the day-to-day cash flow, asset allocation and other ongoing investment administration matters by providing instructions to the investment custodian.

For the Super Growth and Super Balanced Options, the Trustee has invested in an appropriate mix of underlying Ibbotson Sector Trusts (e.g. Australian shares, International bonds), to construct these diversified portfolios.  For the Super Cash and Super Stable Options the Fund invests directly into appropriate Ibbotson trusts (Ibbotson Cash Trust and Ibbotson Conservative Growth Trust) as these have asset allocations consistent with the investment objectives of the Fund's investment options.

In essence, REI Super has delegated investment implementation to Ibbotson in accordance with the objectives and strategies for each investment option.

Ibbotson has responsibility for the judicious selection, ongoing management and replacement of asset managers. While this is a continuing responsibility and asset managers will change from time to time, the following managers were appointed at the date of this document:
 
Australian Shares:
Atom, BGI, Dimensional, JF Capital, Northcape, Orbis, Platypus, Wallara
 
International Shares:
Altrinsic, AQR, Axiom, Bernstein, Dimensional, Marathon, Sands Capital, Ibbotson
 
Australian Property Securities:
Vanguard
 
Global Property Securities:
ING Clarion, Perennial Real Estate
 
Australian Bonds:
Vanguard
 
International Bonds:
Vanguard, Colchester, PIMCO
 
Global Inflation Linked Securities:
Rogge
 
Cash:
Vanguard