Industry fund Motor Trades Association of Australia (MTAA Super) has awarded a $200 million global credit mandate to AllianceBernstein.
AllianceBernstein's global credit strategy is an actively managed global bond strategy with a research-based investment approach.
It invests mostly in investment-grade credits and takes an opportunistic stance in convertible securities, the sovereign debt of developed nations, agency bonds, asset-backed securities and high-yield and emerging-market debt where allowed by client guidelines.
"The strategy fits into MTAA Super's diversified fixed interest My Choice option, which seeks stable returns over the short-to-medium term through reduced exposure to risk," AllianceBernstein said.
"It is therefore intended to be suitable for members who seek stable investment with limited capital growth opportunity."
It also plays a vital role in the fixed interest sectors of MTAA Super's diversified investment options, including its MySuper product.
Alliance Bernstein Australia said its institutional channel has won new mandates during 2014 across Australian equities, global equities, emerging-market equities and global fixed income.
The asset manager is bolstering its investments in the global energy transition and climate opportunities.
The ethical investment manager has reported record FUM as its growth trajectory continues apace.
The chief investment officers of UniSuper, HESTA, and TelstraSuper have elaborated on opportunities and risks that are top of mind when it comes to illiquid assets like private credit within their portfolios.
In an address to the National Press Club last week, the incoming chair of Australia’s sovereign wealth fund said institutional investors could play a role in the winding road towards net zero.
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