The Catholic Superannuation and Retirement Fund (CSRF) has handed a $100 million mandate to MIR for investment in its Australian Equities Fund.
The chief executive of CSRF, Greg Cantor, said the mandate had been awarded as part of a strategy to diversify the fund’s holding in Australian equities and would cover five CSRF investment options, consisting of Australian shares, diversified shares, growth, balanced and conservative.
The funds will be invested with MIR via direct mandate in a move by CSRF to slowly phase out unit trust holdings, which the fund believes will increase reporting transparency and control over individual company holdings.
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
HESTA has slammed Woodside’s climate transition action plan, pointing to “significant” gaps.
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