POWERED BY MOMENTUM MEDIA
Funds SA choose Investors Mutual
Investors Mutual (IML) has won a large cap Australian equities mandate from government owned superannuation funds manager, Funds SA.
It was awarded after a request for proposal saw IML secure the $430 million mandate.
Investment manager for Funds SA Mark Coleman said they chose the equity manager due to the experience of its investment team, its proprietary research and stock selection processes, and the diversification benefits it brings to the Funds SA Australian equities portfolio.
IML's head of research Hugh Giddy said the investment team choses high quality companies that represent value in the current economic environment.
"While the Australian share market remains challenging, our investment team continues to work hard in researching companies that are of high quality and that we believe represent value for our clients in today's environment," he said.
The mandate takes IML's funds under management to over $3 billion and comes shortly after the firm won a mandate from Russell Investments to fund several hundred million across a number of Russell's portfolios in June.
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
As market volatility persists, some super funds are pivoting defensively, while others are strategically positioning to capitalise on emerging opportunities.
New data has shown a progressive deterioration in risk appetite among instos even prior to Donald Trump’s latest round of tariffs.
UniSuper has reached “peak investment” in US assets and is now preparing to reassess its exposures amid ongoing sharemarket volatility.
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
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(%)
