Research house van Eyk has backed its own judgement by appointing Invesco as the underlying Australian equities manager for its fund of funds Blueprint Series.
The awarding of the mandate to Invesco follows van Eyk awarding an A* rating for its Australian equities capability.
Invesco head of research relationships Anna Schofield said the company was pleased to have been added to van Eyk’s fund of funds product.
She said that with a 23 per cent allocation, Invesco was being used as a core manager within the van Eyk Blueprint Australian Shares Fund.
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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