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
ASIC has warned that practices across the $200 billion private credit market are inconsistent and, in some cases, require serious improvement.
A surge in electricity prices has driven the monthly Consumer Price Index to its highest level in a year, exceeding forecasts.
Infrastructure well-positioned to hedge against global uncertainty, says investment chief.
The fund manager remains positive on the outlook for gold and believes ongoing market volatility will provide opportunities to acquire small-cap stocks in promising sectors.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
