Funds Management News

Funds Management News

Aussies rate ESG factors in retirement planning

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

A new report has found that both employers and employees believe it is important to incorporate environmental, social and governance investing options when planning for retirement. The Global Retirement Reality Report from State Street Global Advisors found that 61 per cent of Australian fund member believed it was important that their investments incorporated companies with ethical values. This is an increase from last year when 47 per cent said it was important to incorporate ESG in their plan’s investments.

State Street noted that firms that adhere to environmental efficiency, social awareness and the highest governance standards are well positioned to withstand emerging risks and capitalise on new opportunities. Further, it believed that, as battles for employer default fund status are waged over the coming years, funds with a clear ESG proposition for both employers and prospective members will start with an advantage over their competitors. “For some industry participants, ESG considerations are at best a distraction, and at worst a detractor to returns,” the report said.

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

AB low-carbon strategy attracts first super fund

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

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.

NGS Super has invested approximately $170 million in the Green MVE strategy, which aims to achieve a positive impact on climate change all while delivering attractive investment returns. NGS Super chief executive Laura Wright, said investment in the strategy was in line with the fund’s overarching aim to deliver the best risk-adjusted returns in a way that reflects the values and attitudes of their organisation and members. “We’re committed to sustainable long-term investment options that work to give our members the best retirement outcomes and this strategy speaks directly to that goal,” she said.

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

Aussie investors ‘in a really good position’: DWS

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

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.

Aberdeen Standard launches EM debt fund

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

Aberdeen Standard Investments is set to launch a new emerging market local currency debt fund to give Australian investors exposure to a meaningful risk premium. Aberdeen Standard has been investing in emerging market debt for over 20 years and the new fund will offer investors a new source of investment income in the low-return environment. ASI’s head of global emerging market debt Brett Diment said emerging market debt (EMD) provided higher yields than Australian and global developed market bonds while its currencies were the cheapest, they’d been since 2008.

“We are now seeing rates fall to similar lows here in Australia and many investors are now looking for alternative ways to generate investment income,” he said. Mr Diment told Investor Daily that the Australian dollar had fallen and it would net investors quite attractive returns if they purchased emerging market currencies.

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

Fund managers join diversity initiative

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

Vinva Investment Management and Schroders and Cooper Investments have signed onto diversity campaign Future IM/Pact, in an effort to attract more women into working in investment management. Launched a year ago, Future IM/Pact aims to attract more talent into the investment teams of super funds and fund managers, with an initial focus on appealing to women in university. The project was established following research in 2016 showing women comprised 24 per cent of Australian investment professionals.

In October, the campaign is hosting a student investment competition in Sydney and Melbourne, where gender balanced teams are to solve an investment challenge, competing to win a paid internship with a Future IM/Pact partner. A collective of 14 super funds, fund managers and industry participants are backing the initiative. Future IM/Pact founder Yolanda Beattie said new partners bring funding and scale to grow the campaign, as well as work experience and employment opportunities to tens of thousands of students. She added the upcoming competition will connect the campaign’s partners with a pipeline of female talent as well as encourage women to participate and challenge their investment skills.

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

Praemium FUA hits $16bn

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

The wealth platform provider has posted a 108 per cent increase in total funds under administration to $16.1 billion over the year to 30 June. Praemium’s Australian platform experienced a 24 per cent increase in FUA to $6.9 billion from net inflows of $1 billion. Australian revenue increased 14 per cent over financial year 2019 to $31.4 million. Australian EBITDA increased 21 per cent to $15.2 million, compared to $12.4 million for FY18. EBITDA margins were 48 per cent of revenue, up from the prior year’s 45 per cent.

Praemium’s International platform recorded gross inflows of $850 million, up 62 per cent in the prior comparable period, while FUA closed at $2.6 billion as at 30 June 2019, up 29 per cent for the year. However, the group’s international revenue based on its business units in the UK and Asia declined by 12 per cent for the year to $13.7 million. “The UK business was impacted by declines in global equity markets and outflows in the Smartfund range of managed funds,” the company said in a statement. “This was offset by growth in Asia for WealthCraft’s CRM and planning software, with revenue increasing 19 per cent to $0.8 million from a 33 per cent uplift in users over the past 12 months.

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

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