POWERED BY MOMENTUM MEDIA
Affiliated Managers Group finalises investments
Global asset manager Affiliated Managers Group has completed its investment in Yacktman Asset Management (Yacktman) as well as Veritable Investment Consultants (Veritable).
Yacktman, managing approximately $17 billion in funds, specialises in large-caps equities through a value-oriented approach. It seeks to make investments in high quality businesses at low valuations to generate outperformance in the long run.
Morningstar rated the firm's two flagship funds - The Yacktman Fund and the Yacktman Focused Fund - five stars in the Large Value category for the trailing three, five and 10-year periods.
Yacktman also services institutional investors and high net worth clients through separately managed accounts and sub-advisory mandates.
AMG also purchased an equity interest in Veritable - a company servicing high net worth families and managing approximately $11 billion across 200 accounts. The majority equity interest is held by senior executives of the company.
Veritable provides objective and tax-sensitive investment consultation customised to clients' needs.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
New research has shown that investing in alternative assets and using active management has, to this point, delivered strong results for Australian super funds.
Australia’s $4 trillion superannuation industry is fundamentally reshaping the nation’s external accounts, setting the stage for a more sustainable current account surplus despite weaker commodity markets.
Rest has expanded its portfolio of renewable energy infrastructure by supporting a Victorian solar farm and battery project.
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
36.96 3 y p.a(%)
3
GAM LSA Private Shares AU I
34.22 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
VanEck Video Gaming and eSports ETF (AU)
28.89 3 y p.a(%)
