Medibank Private has awarded global fund manager Dimensional an equity mandate targeting Australian value stocks.
Medibank’s asset consultant, Mercer, rated Dimension’s Australian Value Trust as the best performing Australian equities strategy over the past 10 years in its Australian Shares Survey.
Medibank Private treasurer Graeme Sala said Dimensional was chosen to receive the $45 million mandate due to the manager’s “consistent philosophy and approach, [which] has proven itself through several market cycles".
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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