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NGS hands mandate to Colonial First State
Colonial First State Global Asset Management (CFSGAM) has been awarded a $30 million global resources mandate by Non-Government Schools Super (NGS).
NGS investment counsel Tim Hughes said that the mandate was part of the fund’s strategy to position its portfolio to take advantage of mega-trends in the world economy and, in particular, the very strong long-term growth in commodity demand flowing from emerging economies.
“The mandate we have given to CFSGAM is totally benchmark unaware because we are trying to access the very real strengths that the CFSGAM resources team possess with their very detailed knowledge of the industry and extensive on-the-ground research,” he said.
CFSGAM regional managing director Joanna Davison said the NGS mandate was the first institutional mandate for its global resources team.
AUTHOR
Mike Taylor
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