Fund manager Nikko Asset Management has won a key mandate from industry fund, TWUSuper.
The fund manager confirmed this week it had been awarded a mandate for its long-running Australian Equities Comparative Value Analysis strategy.
Confirming the mandate, TWU Super chief investment officer, Andrew Killen said the fund's board had been impressed by Nikko AM's team which had been consistent in delivering excess returns over a long period of time.
Nikko AM's head of equities, Brad Potter said the company was delighted to have received the mandate and recognized the competitive nature of the Australian 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.
All merger proposals will have to be approved by the consumer watchdog under the sweeping merger reforms announced by the government on Wednesday.
Add new comment