POWERED BY MOMENTUM MEDIA
Sunsuper allies with Vanguard
Queensland-based fund, Sunsuper has entered into an alliance with investment firm, Vanguard Group, to "share expertise and resources".
The alliance was announced to the market today, with Sunsuper chief executive, Scott Hartley saying that as as the world's largest mutual investment manager, Vanguard shared common business values with the fund.
As part of the arrangement, Sunsuper will direct mandates for passive investment management to Vanguard "as appropriate and subject to favourable market conditions"
"This alliance represents a fantastic opportunity for Sunsuper," Hartley said. "Both Sunsuper's members and staff are set to benefit from the expertise and the $3 trillion global investment scale Vanguard brings to the alliance. It will give Sunsuper direct access to Vanguard's investment management expertise plus the ability to draw on a broad range of functions, including member services, product development, digital and technological development, and economic and market insights."
"Our aim is to extract as much value from the relationship as we can in order to pass the benefits of Vanguard's world-class expertise on to our customers in the form of new and improved products and services," Hartley said.
Vanguard Australia Managing Director, John James described the alliance as exciting saying it brought Vanguard's global scale to Sunsuper.
Recommended for you
Amid Australians’ growing penchant for seamless digital experiences, an industry professional believes the most successful superannuation funds will be looking to leverage technology for their members in a number of ways.
The central bank has announced its latest rate decision amid stubborn inflation and increasing geopolitical tension.
Aware Super has outlined its systematic approach to corporate engagement as institutional investors increasingly assert their influence on company boards and take on an active stewardship role.
The country’s second-largest super fund has completed its fourth SFT this past financial year and welcomes almost 5,000 new members.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
59.27 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.01 3 y p.a(%)
Add new comment