[committee] Protecting the rainy day fund

[Scott Young]

On Thu, Oct 14, 2010 at 1:55 AM, Luke Williams <shmookey at shmookey.net> wrote:
> Why not leave the task of picking good investments at good times to
> the experts? Even Westpac's most conservative managed funds match or
> outperform their highest-yielding "special" term deposits, and there
> are heaps of them to choose from depending on what you want from the
> investment.

Can you cite a source for this? This page:
https://onlineinvesting.westpac.com.au/Private/ManagedFunds/FundSearch.aspx'

...suggests that the majority of the 'defensive' (lowest risk level)
funds returned less than 5% pa, although I'm not sure what period they
are referring to. Even the 'growth' funds had a median return of
around 1% pa, which seems pretty low. Am I misinterpreting this data
somehow?