OnePath investment solutions

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1 OnePath investment solutions Investing has evolved INVESTMENT

2 About OnePath OnePath is one of Australia s leading providers of insurance, superannuation and investment solutions. We have been helping Australians grow and protect their wealth for over 130 years, previously as Mercantile Mutual and more recently as ING Australia, prior to our name change to OnePath in November OnePath is a wholly owned subsidiary of Australia and New Zealand Banking Group (ANZ) and forms part of its specialist wealth business. Together with ANZ we are well positioned to offer specialist wealth solutions to all Australians.

3 Investing with OnePath When you invest your clients money with OnePath, you can be confident you re accessing world leading investments, handpicked by experts and backed by the strength of ANZ. Just as investing continues to evolve, so does OnePath and the approach we take to asset management. With increasingly sophisticated financial markets and continued market uncertainty, OnePath regularly reviews its investment funds and processes to ensure they continue to meet their investment objectives and the needs of our clients. ING Investment Management Limited ( INGIM ) previously managed many of the single sector and diversified investment funds OnePath has offered. Over time, these have been colloquially referred to as OnePath s in-house or traditional investment options. In 2011, UBS Global Asset Management (Australia) Limited ( UBS ) purchased INGIM. As a result of these changes, we have conducted a review of our in-house investment fund options and have made the following changes: The single sector funds previously managed by INGIM will now be managed by a range of handpicked asset class specialists including UBS, PIMCO, Karara Capital, SG Hiscock and CBRE Clarion; We are shifting our single manager diversified funds strategy to an integrated multi-manager/passive model focused on delivering expert manager and asset class diversification at competitive prices; and Bringing in-house our traditional OptiMix multi-manager process and expertise focused on delivering skilled Manage the Managers (MTM) capability. The move to a multi-manager investment approach will further complement our existing MTM investment process managed by the OptiMix team. OptiMix is OnePath s multi-manager research and investment solution. OptiMix has been in operation for 20 years and over that time has earned a reputation of being professional with a well regarded and rated investment process. The OptiMix investment process is based on the principle that broad diversification of investments can actively reduce fluctuations and provide consistent returns over time. To achieve consistency in returns, OptiMix investment funds are diversified across a range of underlying specialist investment managers all within the one investment fund. By bringing the OptiMix MTM capability in-house as part of our broader wealth strategy, OnePath now has a full complement of investment capabilities within the organisation, backed by the strength of ANZ. Single Manager funds OnePath Diversified Multi-Manager funds Our investment offer Why we ve made these changes Our shift from single manager diversified to a multi-manager/ passive investing strategy aims to reduce investment manager and asset class performance risk and deliver consistent returns by accessing the combined skills, expertise and experience of a wide range of well regarded investment managers from Australia and around the world. Optimix MTM funds 3

4 About OnePath s investment offer Investing with OnePath has many benefits for you and your clients Greater diversification Investing with OnePath offers effective diversification not only across asset classes but also investment managers. More choice for all market conditions Access to a broad range of actively managed, expertly diversified investment options focussed on delivering strong, consistent returns in all market conditions. Peace of mind OnePath is backed by the strength of ANZ. The investment managers we work with are highly rated in the industry and have histories of strong investment performance. OnePath is taking an active role in manager selection and we regularly review and monitor our asset managers to ensure they are true to label, giving advisers and clients greater peace of mind. OnePath employs a rigorous process to select and then regularly monitor our investment managers. By investing with OnePath you can be sure that your clients money is well invested. Supporting advice Our high quality investment offer supports the delivery of strategic financial advice for an array of clients. More about OnePath Single Manager funds UBS is our lead investment partner and manages a wide range of domestic and global equity funds, providing economies of scale and access to their global research and investment resources. By investing with OnePath, your clients gain access to the expertise and skill of some of the world s best investment managers. They also have confidence in knowing they are invested with highly regarded and rated specialists. Support tools OnePath is committed to supporting you grow your business by providing the right tools and support so you can focus on what you do best helping your clients reach their financial goals. 4

5 Here is a full list of Single Manager funds: UBS UBS is a global investment manager and draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. UBS combines wealth management, investment banking and asset management businesses with Swiss operations to deliver superior financial solutions. Karara Capital Karara Capital is a specialist small companies investment manager focusing on the active management of funds investing in Australian equities. Established in 2007 by its three executive Directors, who between them have built a successful record of managing Australian equities spanning 25 years. Karara brings together like minded investors within an aligned, performance focused environment. OnePath Australian Shares OnePath Blue Chip Imputation OnePath Select Leaders OnePath Sustainable Investments Australian Shares OnePath Global Shares OnePath Global Emerging Markets Shares OnePath Tax Effective Income OnePath Protected AUS 50 OnePath Cash OnePath Emerging Companies Karara was a finalist in the 2011 Money Management/Lonsec Fund Manager of the Year Awards - category Rising Star award and the 2011 Australian Fund Manager Awards - category Golden Calf award. PIMCO PIMCO is one of the largest global fixed interest investment solutions providers in the world, with more than AU$1.2 trillion in assets under management and more than 1,800 employees in offices around the world. OnePath Diversified Fixed Interest OnePath Diversified High Yield PIMCO was the winner in the Australian Fixed Interest category, 2011 Standard & Poor s Fund Awards. They also won the Morningstar Fixed Interest Fund Manager of Year Award for both 2010 and CBRE Clarion CBRE Clarion is an industry leading investment advisory firm specialising in global listed property securities. CBRE Clarion s integrated approach, disciplined investment process and rigorous risk management are designed to address the challenges of investing in the dynamic and evolving global investment universe of listed property securities. OnePath Global Property Securities CBRE Clarion Securities won two Awards at the 2011 Standard and Poor s Fund Manager of the Year Awards: the Property Fund Manager of the Year Award and the Sustained Excellence Award. The Sustained Excellence Award was given in recognition of CBRE Clarion Securities winning the Property Fund Manager of the Year Award in each of the last five years (2007, 2008, 2009, 2010 and 2011). SG Hiscock & Company SG Hiscock & Company (SGH) is a boutique Australian property investment manager, established in July The highly experienced principals have worked together since 1995 and use their trademarked investment style (ValueActive TM ). SGH has been recognised at the 2011 Money Management/LONSEC Fund Manager of the Year, Global Property Securities (Finalist) and 2010 Money Management/LONSEC Fund Manager of the Year, Property Securities (Australia). OnePath Property Securities 5

6 More about OptiMix MTM funds The OptiMix investment approach is based on the principle that broad diversification of investments can actively reduce fluctuations and provide consistent and competitive returns over time. Changes to underlying managers within the OptiMix portfolios do not trigger the need to develop a new Statement of Advice, saving your business time. The OptiMix advantage Outlined below are the five key steps that form the OptiMix investment process: 1. A specialist investment manager selection process ensures the best investment managers are appointed to the portfolio at all times. 2. The OptiMix team constantly examines and reviews global and local economic conditions to assess how they impact each asset class. Asset classes are adjusted accordingly. 3. Active adjustment of investment managers allocations to help provide the best outcome. Active Management 5. Regular independent reviews are conducted to ensure the optimum mix of investment managers at all times. 4. Ongoing investment manager research and monitoring of performance. 6

7 More about OnePath Diversified Multi-Manager funds OnePath Diversified Multi-Manager funds offer greater diversification than before, by investing in a combination of multi-manager and index funds. Disciplined process Detailed economic analysis and tactical asset allocation for both OptiMix and OnePath investment funds is provided by our team of investment and research specialists led by OnePath s Chief Investment Officer. Factors considered include domestic and overseas economic growth forecasts, inflation settings and government policy overlay. Our teams assess how these impact the valuation and performance of each asset class, then actively manage and adjust the investment funds to gain a greater exposure to the asset classes expected to perform consistently at that particular time in the market cycle. Blended with index funds to smooth performance The managers, asset classes and markets are continuously researched, assessed and monitored by OnePath s investment specialists, who then blend these portfolios with a range of index fund options. Index funds are designed to replicate the movements of an index for a particular financial market. This provides greater certainty that the fund will move in line with the respective market. The inclusion of index funds provides investors with smoother performance against nominated benchmarks, which in turn ensures that performance is more likely to be within expectations, while still aiming to outperform fund benchmarks. OnePath Diversified Multi-Manager funds Fund Strategy Risk Profile OnePath Capital Guaranteed OnePath Capital Stable OnePath Conservative Defensive Conservative Conservative OnePath Income Conservative OnePath Income Plus Conservative OnePath Balanced Moderate OnePath Active OnePath Managed OnePath High High More information about OnePath s investment offer? Manager Selection Active Passive Economic Analysis Visit for tools to help you do business with OnePath investments Contact your OnePath Business Development Manager. Tactical Asset Allocation Strategic Asset Allocation 7

8 Adviser Services Phone :30am to 6:30pm Mon - Fri [email protected] Fax This information is current at February 2012 but may be subject to change. This information has been produced by OnePath Funds Management Limited (ABN , AFSL ), ( issuer ). The issuer is a wholly owned subsidiary of Australian and New Zealand Banking Group Limited (ABN ) (ANZ). ANZ is an authorised deposit taking institution (Bank) under the Banking Act 1959 (Cth). Although the issuer is owned by ANZ it is not a Bank. Except as described in the relevant Product Disclosure Statement (PDS), an investment in the product is not a deposit or other liability of ANZ or its related group companies and none of them stands behind or guarantees the issuer of the capital or performance of an investment. An investment is subject to investment risk, including possible repayment delays and loss of income and principal invested. The information is of a general nature and does not take into account an investor s personal needs, financial circumstances or objectives. Before acquiring, disposing or deciding whether to continue to hold the product, investors should consider the relevant PDS and any product updates which are available at onepath.com.au or by calling Customer Services on L7411/0212 onepath.com.au