NGS Super has become the first super fund to invest in a low-carbon portfolio designed by global asset manager AllianceBernstein. The AB Managed Volatility Equities – Green strategy, launched in December 2018, is a unit class of the AB Managed Volatility Equities Fund. The strategy is based on the view that a well-constructed portfolio of low-volatility shares may not only limit losses in a portfolio but may also outperform the market over the long term.

A DWS fund manager spent a week in Australia fielding the same big question from local investors: where to put their cash. At a media lunch in Sydney on 20 September, DWS chief investment officer for APAC and head of emerging markets, Sean Taylor, said there are still plenty of safer options other than equities for Aussie investors to get a return on their money.  “One of the big question’s clients have been asking during my week in Australia is what to do with cash, or ‘how do we enhance cash?’” Mr Taylor said.

“A lot of people have been too cautious and they’ve lost out a lot this year. You don’t have to go to risky equities to get a return. You can go to infrastructure or real assets, which may not be as sexy as internet stocks, but they are a lot safer.”

The rest of this article can be found at investordaily.com.au.

Superfund-owned bank ME has shelved plans to launch new credit cards after witnessing the success of “buy now, pay later” players like Afterpay and Zip. The bank posted its full-year results this week, which showed that statutory net profit after tax fell by nearly 25 per cent to $67.1 million, down from $89.1 million the previous year. The lender recorded $14.4 million of impairment losses in its credit card business.