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Medibank Private has awarded global fund manager Dimensional an equity mandate targeting Australian value stocks.
Medibank’s asset consultant, Mercer, rated Dimension’s Australian Value Trust as the best performing Australian equities strategy over the past 10 years in its Australian Shares Survey.
Medibank Private treasurer Graeme Sala said Dimensional was chosen to receive the $45 million mandate due to the manager’s “consistent philosophy and approach, [which] has proven itself through several market cycles”.
