The Fund generated a satisfactory return
during the year as you can see in the following table, which compares the
Fund’s return (net of fees) to the Australian All Ords Index and the MSCI World
Thank you to our unit holders for your continued support in the 2014 financial year.
The fund achieved pleasing returns with a 30.8% total return for the year, net of fees. This continues the strong track record of the fund, which has achieved a gratifying return of 24.8% p.a. over the past 5 years and 11.5% p.a. over more than 10 years. It compares favourably with returns of the Australian All Ordinaries index (including dividends) and the MSCI World Index, as you can see in the following table.
Anyone who has ever borrowed money has worried about what
would happen if something bad happened to them, and they had trouble repaying
the loan. As a borrower, you run the risk that your home, your car and other
assets could be at risk if you cannot make your payments. This is because there
is a general rule that lenders’ interests rank ahead of borrowers’ interests
when dealing with a troubled borrowers’ assets.