The Catholic Superannuation and Retirement Fund (CSRF) has handed a $100 million mandate to MIR for investment in its Australian Equities Fund.
The chief executive of CSRF, Greg Cantor, said the mandate had been awarded as part of a strategy to diversify the fund’s holding in Australian equities and would cover five CSRF investment options, consisting of Australian shares, diversified shares, growth, balanced and conservative.
The funds will be invested with MIR via direct mandate in a move by CSRF to slowly phase out unit trust holdings, which the fund believes will increase reporting transparency and control over individual company holdings.
