UBS Global Asset Management has picked up a key mandate from AMP for its Australian equity small companies fund.
The mandate is valued at over $200 million and has been described by UBS Global Asset Management head Ben Heap as marking a significant positive step for the Australian Small Companies team.
The mandate will see the UBS fund form part of AMP’s Flexible Life Solutions platform.
Dan Farmer, chief investment officer of MLC Asset Management, has detailed how its super fund allocations have evolved and whether the fund will consider investing in bitcoin.
Australia’s superannuation capital has been positioned to play a larger role in south-east Asia’s economic development under a new government-backed deal.
Superannuation funds have become the dominant force behind Australia’s private markets boom, fuelling unprecedented growth and reshaping manager operations.
Reserve Bank governor Michele Bullock has said the central bank sees private demand picking up over the next year, taking over from public demand.