POWERED BY MOMENTUM MEDIA
Advance awards fixed interest mandates
Advance has awarded a $177 million mandate to AMP Capital and a $200 million mandate to Aberdeen Asset Management for its Advance Australian fixed interest multi-blend fund.
AMP Capital Investors's head of macro markets Simon Warner said AMP had worked with Advance to design a core Australian bond mandate tailored to its requirements.
"Advance will benefit from our world-class credit capability as well as our unique whole-of-portfolio approach to risk management, and our unrivalled access to research across the major regions of the Asia-Pacific, Europe and North America," Warner said.
The mandate brings AMP Capital's total funds under management to $39 billion.
A review of the Advance Australian fixed interest multi-blend fund managers saw Advance award a further $200 million to Aberdeen Asset Management.
Managing director of Aberdeen Brett Jollie said Aberdeen's strong fixed income track record supported the mandate.
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
The sovereign wealth fund grew $11.5 billion in the March quarter, according to its latest portfolio update, having previously voiced caution about inflation’s downward trajectory.
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
62.62 3 y p.a(%)
3
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.95 3 y p.a(%)
4
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
5
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
Add new comment