UBS Global Asset Management has been selected by platform provider netwealth to manage investments for three of its Global Specialist Funds.
netwealth is invested in UBS' Tactical Beta Funds , which now acts as the underlying fund for the netwealth Index Opportunities Conservative Fund, balanced and growth option.
"Investors are not prepared to keep paying for underperformance and our new range of funds challenge the status quo," netwealth executive director Matt Heine said.
The Tactical Beta Funds were launched in May to meet client demand for a multi-asset strategy that moved beyond purely passive index investment, UBS stated.
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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