POWERED BY MOMENTUM MEDIA
J.P. Morgan wins NB mandate
J.P. Morgan has won a key custody mandate – that of asset manager Neuberger Berman.
Neuberger Berman announced today that it had appointed J.P. Morgan to provide custodial and fund administration services to the asset manager’s $2 billion of Australian unlisted unit trust assets as a follow-on from J.P. Morgan’s custodial role in the successful launch of the listed $413 million NB Global Corporate Income Trust last year.
Commenting on the mandate, J.P. Morgan head of Sales and Relationship Management, Securities Services Australia and New Zealand, Brian Gray said he believed the company was uniquely positioned to support global asset managers in the Australian market and was delighted to expand its partnership with Neuberger Berman.”
Neuberger Berman Head of Intermediary Distribution, Matt Thompson said the firm’s recent announcement to offer new units in the NB Global Corporate Income Trust, along with its plans to launch several managed funds, demonstrated its commitment to the Australian marketplace.
“The exceptional support from J.P. Morgan in the listing of NBI has provided us with the confidence and impetus to expand our partnership,” he said.
Recommended for you
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.
T. Rowe Price Group VP said investment strategies must adapt to an ageing population, as Australians outlive their retirement savings.
The international asset manager expects AI will reach a point in the near future where it can autonomously manage investments within certain parameters set by fund managers.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
