J.P. Morgan Worldwide Securities Services has been granted a mandate to provide a range of services to a site of mutual funds launched by investment manager Capital International Research.
J.P. Morgan announced today it would be providing global custody for the administration of assets within the international equity fund and passive currency overlay services for a hedged version of the fund.
The services will be provided out of J.P. Morgan’s Sydney operations attached to the firm’s integrated global custody platform.
While not having a strategic asset allocation might be ‘uncomfortable’ for some investors, the Future Fund believes its unique investment approach helps the fund capture long-term value ahead of the curve.
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.
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