Alphinity wins $400 million AustralianSuper mandate

AustralianSuper has awarded an Australian equities mandate worth more than $400 million to the boutique specialist manager Alphinity Investment Management.

Alphinity Investment Management utilises a fundamental valuations approach to identify undervalued companies that are beginning to have their earnings upgraded. The thinking behind the strategy is that returns will steadily increase as the broader market becomes aware of the selected companies' improved earnings.

AustralianSuper senior manager for investments Richard Dalidowicz said the experience and structure of the Alphinity Investment Management team contributed to the decision to award the mandate.

"We're focused on achieving the best outcomes for our members and we assessed Alphinity's investment approach to be a good fit for us," Dalidowicz said.

Alphinity Investment Management principal and portfolio manager Johan Carlberg pointed to the boutique manager's solid past performance and sound foundations as the reasons behind AustralianSuper's decision.

"We look forward to building a long-term partnership with AustralianSuper and servicing our growing base of clients by delivering strong investment results," Carlberg said.