POWERED BY MOMENTUM MEDIA
RBC retains Perpetual mandate
RBC Investor & Treasury Services has retained its custodian and administration mandate with Perpetual.
The renewed mandate will see RBC, which is a part of the Royal Bank of Canada, continuing to provide not only provide administration and custodian services, but also managing unit pricing, fund accounting, tax, and foreign exchange services for Perpetual.
Perpetual general manager for operations and business, Paul Statham, said Perpetual is excited about RBC's commitment to Australia.
Mr Statham said RBC not only has the operational capability to support Perpetual's growth, but they come with the backing of one of the largest banks in the world, with the highest credit rating of all the global custody providers in the nation.
RBS managing director, David Travers, said the two firms have been working closely since 2001 and that it is deeply rewarding to extend the relationship.
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
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
