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The first half of the financial year saw a positive investment return of $7m, which is equivalent to a 0.6 per cent return.
A strong return on equities offset the weakening of fixed interest markets as bond yields rose on the market expectations of a tapering of quantitative easing.
The Club’s investment policy has continued to remain cautious with 76 per cent of total assets invested in fixed interest and cash. Since the half year, the Club’s return has increased and is on track to achieve the Club’s target 3 per cent return for the year.