Newton Global Equity -4.7 -0.4 -4.3 11.8 16.5 -4.7 3.5 7.3 -3.8 European Amundi -14.3 -7.2 -7.1 10.6 13.4 -2.8 0.6 2.2 -1.6 Equity UK Equity & 2.6 2.5 0.1 17.0 16.9 0.1 4.9 4.8 0.1 Gilts SSGA Global Equity -0.2 -0.2 0.0 N/A¹ N/A¹ N/A¹ 2.6 2.6 0.0 Multi Asset 4.8 4.1 0.7 15.9 15.2 0.7 6.4 5.9 0.5 Schroders Property 3.8 6.0 -2.2 4.4 9.2 -4.8 4.0 4.2 -0.2 M&G Loans N/A² N/A² N/A² N/A² N/A² N/A² 0.6 0.5 0.1 ¹ Appointed 16th December 2010 ² Appointed 30th April 2011 Performance by Asset Class Investment returns and the Local Authority Average The Fund participates in the WM of Local Authority Company’s benchmarking investment performance, which provides useful information on how well the Fund has performed in comparison with other Local Authorities. The graph shows that the asset mix is broadly comparable with the Local Fund’s Authority Average, the main variances indicating the preference for equity, Fund’s cash and property, but disfavour of bonds and alternatives. Local Authority Universe The Local Authority Universe is a national scheme consisting of over 90 Pension Funds. This scheme compares many aspects of Fund performance, the key areas of which are shown on the following pages. NB: The Fund figure for Alternatives includes Private Equity and Infrastructure only, whilst the Local figure for Alternatives includes Private Equity, Hedge Authority’s Funds, GTAA, and Commodities etc. Year 2008- 2009- 2010- Annual 2009 2010 2011 Return Total Fund -22.1 24.7 12.9 25.2 7.8 -4.7 -18.8 31.9 6.9 0.5 WM -19.5 23.4 11.7 24.9 7.0 -2.8 -19.9 35.2 8.2 2.6 Benchmark
Newton Global Equity -4.7 -0.4 -4.3 11.8 16.5 -4.7 3.5 7.3 -3.8 Amundi European Equity -14.3 -7.2 -7.1 10.6 13.4 -2.8 0.6 2.2 -1.6 SSGA UK Equity & Gilts 2.6 2.5 0.1 17.0 16.9 0.1 4.9 4.8 0.1 Global Equity -0.2 -0.2 0.0 N/A¹ N/A¹ N/A¹ 2.6 2.6 0.0 Schroders Multi Asset 4.8 4.1 0.7 15.9 15.2 0.7 6.4 5.9 0.5 Property 3.8 6.0 -2.2 4.4 9.2 -4.8 4.0 4.2 -0.2 M&G Loans N/A² N/A² N/A² N/A² N/A² N/A² 0.6 0.5 0.1 ¹ Appointed 16th December 2010 ² Appointed 30th April 2011 Performance by Asset Class Investment returns and the Local Authority Average The Fund participates in the WM Company’s benchmarking of Local Authority investment performance, which provides useful information on how well the Fund has performed in comparison with other Local Authorities. The graph shows that the Fund’s asset mix is broadly comparable with the Local Authority Average, the main variances indicating the Fund’s preference for equity, cash and property, but disfavour of bonds and alternatives. Local Authority Universe The Local Authority Universe is a national scheme consisting of over 90 Pension Funds. This scheme compares many aspects of Fund performance, the key areas of which are shown on the following pages. NB: The Fund figure for Alternatives includes Private Equity and Infrastructure only, whilst the Local Authority’s figure for Alternatives includes Private Equity, Hedge Funds, GTAA, and Commodities etc. Year Annual Return 2008- 2009 2009- 2010 2010- 2011 Total Fund -22.1 24.7 12.9 25.2 7.8 -4.7 -18.8 31.9 6.9 0.5 WM Benchmark -19.5 23.4 11.7 24.9 7.0 -2.8 -19.9 35.2 8.2 2.6
Final-11-12-CCC-Annual-Accounts-and-Report-20121-21.docx