UBS Global Asset Management has picked up a key mandate from AMP for its Australian equity small companies fund.
The mandate is valued at over $200 million and has been described by UBS Global Asset Management head Ben Heap as marking a significant positive step for the Australian Small Companies team.
The mandate will see the UBS fund form part of AMP’s Flexible Life Solutions platform.
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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