Industry super fund NGS Super has appointed Frontier Advisors as an investment adviser after conducting a market review and inviting asset consultants to tender for the role.
NGS Super chief executive Anthony Rodwell-Ball said that Frontier was chosen to ensure members would be getting value both through customised and industry leading advice.
"In an increasingly competitive environment, the independence of Frontier gives us a lot of confidence and assurance around both the broad direction and dynamic asset allocation decisions our adviser will inform us on," he said.
NGS Super will be Frontier's fifth new client within the last year and its chief executive Damian Moloney said the company's growth was a positive market reflection of a two year program of enhancements to its business.
"Our other recent business wins have all come from outside our traditional industry super segment and, while that has added a strong level of diversity across our client base, it is certainly exciting to welcome another leading superannuation fund," Moloney said.
Despite tariff challenges and a weaker US dollar, the investment manager remains optimistic that Asian markets, both big and small, stand to benefit.
The uncertainty surrounding US trade policy is weighing down global growth prospects, KPMG warns.
The US and Europe trade deal represents a significant step forward in resolving trade conflict, but markets have largely priced in the good news already, says the asset manager.
The Australian sharemarket is back to overvalued following the sharp rally since April, but many sectors still offer attractive stocks, according to the research firm.