Bank of New York Mellon's Australian equities boutique, Ankura Capital, has picked up an Australian equities mandate for Russell Investments as part of its newly-launched Australian Shares Enhanced Income Fund.
The mandate is the second won by Ankura as part of its Australian Equity High Yield strategy, with the boutique previously having been selected within ipac's AXA Generator.
Commenting on the mandate win, BNY Mellon Asset Management Australia managing director Bruce Murphy said it marked a particularly strong year for Ankura across both traditional long-only and high yield strategies.
Ankura chief investment officer Greg Vaughan said the fund's strategy had been developed to recognise both the increase in demand for income focused strategies and as a response to a lower growth investment environment.
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.
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