IFM Investors has continued its business expansion across Australia and internationally as it has raised $18.7 billion, taking the firm’s funds under management (FUM) to $92.9 billion up 33 per cent for the year to June 2017.
IFM Investors chief executive, Brett Himbury, said disciplined strategic management with the firm’s super ownership model had helped lift its performance and reach to a client base across 14 countries.
“Our results highlight the value of our superannuation fund ownership model which underpins and drives our culture, motivation, values, and decision making,” he said.
“Despite increasing global political and economic uncertainty IFM Investors…will remain well positioned to capitalise from the growing appetite of investors to partner and invest with a fund manager that is aligned with their member beneficiaries.”
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