Χαρτοφυλάκιο Επενδύσεων

Asset class Target allocation Permitted range Allocation 31.12.2018 Allocation 31.12.2018
  % % %
         
Global Equity 20 15 – 25 20 119.197.316
Infrastructure Equities 11 6 – 16 13 75.987.287
Structured Products - - 1 4.388.860
European Property 5 0 – 10 7 38.720.777
Local Property* 18 13 – 23 15 85.851.631
Hedge Funds 15 10 – 15 15 86.530.962
- Total Growth Assets 69 49 – 89 71 410.676.833
Absolute Return Bond Funds 6 0 – 11 7 39.401.723
Global Corporate Bonds 10 5 – 15 - -
Local Cash 10 5 – 15 15 91.140.661
Money Market Funds 5 0 – 10 7 41.707.627
- Total Income Assets 31 11 – 51 29% 172.250.018
- TOTAL 100 100 100 582.926.854
Expected Funding Level in 10 years  76,5%    
Risk on Funding Level: 40%    
Expected Funding Level at 5% level in 10 years**
Implied Expected Return 4,5% per annum    
Implied Risk on Return: Return at the 5% Level (over 10 years)*** -1%    

* The Trustees would take all necessary steps not to reach the maximum level for this asset class although they recognise that an increase in value may result due to the particular circumstances of the Fund. It is the Trustees intention not to actively pursue any investment move or initiative that increases the Fund’s position and exposure in this particular asset class.

** The definition of Funding Level Risk implies that there is 5% probability that the Funding Level of the Fund in 10 years is 40% or lower.

*** The definition of Return Risk implies that there is a 5% probability that the return over the 10 year period is on average -1.0% p.a. or worse.