Neutral asset allocation review – May 2017

Each of the five Wholesale Plus diversified funds invest into an Underlying Fund where the responsible entity is BT Investment Management (Fund Services) Limited and the investment manager is BT Investment Management (Institutional) Limited (collectively ‘BTIM’). Under the terms of its appointment, the Manager selects and manages the assets of each Underlying Fund, may review and amend the investment parameters at its discretion and appoint other managers to manage some or all of each Underlying Fund’s assets.

BTIM regularly reviews the asset allocation neutral positions of the Underlying Funds for the BT Wholesale Plus diversified funds. The asset allocation neutral positions reflect our latest asset class assumptions for return, risk and inter-asset class correlations and position the funds to take advantage of future market conditions. The asset allocation neutral positions are also used to calculate the benchmark return for each fund.

Following a review, BTIM changed the asset allocation neutral positions for the Underlying Funds, effective 24 May 2017. Details of the changes for each Underlying Fund can be found here


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