POWERED BY MOMENTUM MEDIA
Military Super mandate loss carries a cost
The SCM Wholesale Absolute Australian Equities Fund has maintained its two-star rating with Standard & Poor’s despite losing its mandate with Military Super.
The ratings house this week announced that it would not be altering the rating despite the Military Super decision.
It said that Military Super has $3.3 billion in assets, which formed a significant proportion of SCM’s funds under advice but that it had already factored in the possibility of SCM losing the mandate.
“We noted the sensitivity of SCM’s overall business and the value proposition of the fund specifically to this potential event in our report on the SCM fund,” the S&P report said. “We had already weighed up the possibility of the events as they transpired in our assessment of the fund and our rating.”
AUTHOR
Mike Taylor
Recommended for you
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.
All merger proposals will have to be approved by the consumer watchdog under the sweeping merger reforms announced by the government on Wednesday.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment