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LBW Investment Committee - May 2012 meeting notes


1.      Property Sector Weighting – Our allocation to real estate assets was discussed. The outperformance of listed property was highlighted, with the decision last year to overweight to this sector vindicated by both higher returns and lower volatility. It was discussed whether it might be prudent to now reduce this overexposure.

2.      "Absolute" Equity Funds – Discussion over the role of absolute fund managers or long/short managers was held. The question was raised as to whether these style of funds were providing the risk-weighted returns being sought.

3.      Commodities – A representative from a leading commodities fund manager presented information on the pro's and con's of investing in commodity prices. Low correlation to traditional markets and protection against inflation seemed to be the main arguments for such exposures. Concern over long-term performance was also discussed.

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LBW Financial Services Pty Limited is a Corporate Authorised Representative of Wealthsure Pty Limited (AFSL Lic. No. 238030)

LBW Financial Services Pty Limited is an authorised representative of Wealthsure Pty Ltd, AFSL 238030, ABN 93 097 405 108.  The information contained within these articles is of a general nature only.  Any rates (tax rates, Centrelink rates, exchange rates, etc) are correct at time of publication and are subject to change.  Whilst every care has been taken to ensure the accuracy of the material contained herein at the time of publication, neither the author, authorised representative, nor licensee will bear responsibility or liability for any action taken by any person, persons or organisation on the purported basis of information contained herein.  Without limiting the generality of the foregoing, no person, persons or organisation should invest monies or take action on reliance of the material contained herein but instead should satisfy themselves independently of the appropriateness of such action.