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Timeless investing Successful strategies that have passed the test of time


Introduction   Investing is a complex business. The markets are volatile. The best fund managers come and go. The investment options are endless, and can be confusing. But the basic principles of success are really quite simple: 9 buy good quality investments 9 don’t pay too much 9 diversify widely 9 invest for the long term

  Based on these principles, this investment toolkit brings to life simple strategies that have passed the test of time.

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Contents page no.

3

page no.

4

Time is on your side

13

Missing the best days destroys returns

5

It pays to get started

14

Missing the worst days – can you do this?

6

The chaser – part 1

15

Why most investors fail (and how not to join them)

7

The chaser – part 2

16

Long-term investors ride the ups and downs

8

Climbing the risk/return ladder

17

Remembering the crash of 87

9

How super makes your money go further

19

The bond market collapse of 1994

10

History never repeats

20

The global technology stock bubble

11

Top managers enjoy their time in the sun

21

Time in the market helps manage risk

12

Shares pass the test of time

23

Learning more


Time is on your side

4


It pays to get started

5


The chaser – Part 1

6


The chaser – Part 2

7


Climbing the risk/return ladder

8


How super makes your money go further

9


History never repeats fund managers

2002

2003

2004

2005

2006

2007

Tyndall Aust Share Value

1

7

40

55

83

47

Dimensional Aust Value

2

6

4

70

30

77

Investors Mutual

3

23

66

74

77

70

Lazard Aust Equity

4

16

57

69

73

81

Perennial Value Aust Shares Comp

5

15

34

64

62

61

Constellation Capital Management

6

19

57

60

41

78

Perpetual Aust Shares Composite

7

11

5

55

65

59

AMP Capital Value Plus

8

5

15

61

86

40

Aberdeen Aust Equity

9

27

65

34

85

35

GMO Aust Equity Trust

10

60

13

53

18

63

Challenger Aust Equities

11

16

52

17

21

69

Maple-Brown Abbott Aust Shares

11

61

63

71

54

76

Legg Mason Equity Model Composite

12

23

61

61

23

73

SSGA Active Aust Equities Model Composite

13

43

14

11

79

36

Concord Capital Aust Equities Comp

14

27

7

67

77

29

PM Capital Aust Equities

15

1

17

72

26

74

SUNCORP Aust Equities SMIMT

16

33

28

23

10

61

WestLB Mellon ASX300 Low Tracking Error

17

20

n/a

n/a

n/a

19

BGI Aust Alpha Equity

18

40

19

38

22

39

Quantitative Investments

19

50

24

55

38

27

total number of managers in universe

64

67

70

74

86

84

Source: Mercers Wholesale Australian Share Database - December each year. Data as of 31 December 2007.

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Top managers enjoy their time in the sun

11


Shares pass the test of time

12


Missing the best days destroys returns

13


Missing the worst days – can you do this?

14


Why most investors fail (and how not to join them)

15


Long-term investors ride the ups and downs

16


Remembering the crash of 87

17


Remembering the crash of 1987

18


The bond market collapse of 1994

19


The global technology stock bubble

20


Time in the market helps manage risk

21


Time in the market helps manage risk

22


Learning more

For further information, please contact your financial adviser

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Important information This publication has been prepared for distribution to professional financial advisers only and is intended to provide general information. It is not intended to be distributed or made available to existing or potential investors. AXA Australia does not authorise the distribution of this publication to or use by existing or potential investors. It is not intended to take the place of professional financial and taxation advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Past performance information contained in this publication is generally compliant with industry standards but may not meet all of the requirements of ASIC Guidelines relating to past performance information for retail clients. Applications for investment in AXA Australia products will only be accepted on receipt of an application form accompanying a current PDS. Unless specifically stated, the repayment of capital or performance of our products is not guaranteed. This information is provided for persons in Australia only and is not being provided for the use of any person who is in any other country.

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Timeless Investing  

Information on Timeless Investing provided by AXA

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