Investments

The Public Trustee has been involved in investing funds since 1941 and now has more than $1.9 billion in gross assets under administration. Our long-term view and prudent approach to money management has resulted in an investment performance which is steady and appropriate to the current economic climate.

In the twelve months to 30 June 2012, the Public Trustee Common Account, which operates like a cash management account, achieved a net return of 6.21% on the investment of the funds comprising the Common Account. Average funds under management for the year to 30 June 2012 totalled $362 million.

The Public Trustee also managed the individual investment portfolios of larger value trusts by supervising individual portfolios for clients with investment needs that cannot be met through the Common Account.

Common Account interest rates effective from 1 January 2013:

	Balances up to $45,400	Balances $45,401 and up to $500,000	Balances $500,001 and over
Deceased Estates	1.75%	1.75%	1.75%
All Other	2.25%	3.00%	3.50%

The rate for DEBIT INTEREST is 5.50%

Note: these rates are not applicable to trust cash balances in excess of $5,750,000.

 

Last Updated: 19-Dec-2012