Growth assets
Growth assets include investments in Australian shares, international shares, property, private equity and infrastructure. 

They have a higher level of risk than defensive assets. This means you may experience low or negative returns in the short term. Over time, however, they are likely to deliver higher investment returns than defensive assets.

As growth assets are strongly influenced by share market fluctuations, they can vary considerably over shorter time frames, but in general perform better than defensive assets over the long term.

Defensive assets
Defensive assets include investments such as cash (bank deposits) and fixed interest (bonds and debentures). They tend to carry lower risk levels in the short term and are more likely to generate lower levels of return over the long term.

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General advice disclaimer
This is general information only and does not take into account your personal objectives, financial situation or needs. You should assess whether the information is appropriate for you having regard to your objectives, financial situation and needs and consider obtaining independent professional advice before making an investment decision. If information relates to a specific financial product you should obtain a copy of the product disclosure statement for that product and consider that statement before make a decision whether to acquire the product.

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