GLOSSARY

Australian shares

A unit or share of ownership of a company usually traded on the Australian Stock Exchange.

Asset allocation

Asset allocation is an investment strategy that aims to balance risk and reward by apportioning a portfolio’s assets according to an individual’s goals, risk tolerance and investment horizon. The three main asset classes – equities, fixed-income, and cash and equivalents – have different levels of risk and return, so each will behave differently over time.

APIR

An APIR code is a standard identifier for Responsible Entities, Trustees and other participants in the wealth management industry. APIR is the industry standard identification regime in Australia, having been endorsed by the Financial Services Council (FSC) in 1999. The APIR Code is universal across the Australian wealth management industry, being used by all the […]