ACSRF appoints Parametric for tax-managed indexing strategy
Australian Catholic Superannuation and Retirement Fund (ACSRF) has appointed Parametric to implement a tax-managed indexing (TMI) strategy for a portion of its international equities portfolio.
TMI will broaden the after-tax suite of offerings at the super fund. Members with an active investment vision can get custom tax-managed Centralised Portfolio Management (TM CPM) and those with a more passive objective can use the TMI approach.
ACSRF chief executive, Greg Cantor, said "we expect that working with Parametric will improve our member's net returns. It is becoming increasingly important for superannuation funds to seek out new solutions to bolster the net, not just the gross, investment returns that members will benefit from in retirement".
Also commenting, Parametic's Australasian CEO. Chris Briant, said the firm had been managing passive portfolios with an after-tax focus in the US since 1992.
"[We] saw the need for Australian super funds to balance both their appetite for more passive investment styles with the need for a genuine after-tax investment focus," Briant said.
"Parametic also offers combined active-passive solutions and implements screens and factor biases to give a truly customised solution — all with our trademark focus on with after-tax returns and implementation efficiency."
Recommended for you
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
The ATO has revealed nearly $19 billion in lost and unclaimed super, urging over 7 million Australians to reclaim their savings.
The industry super fund has launched a new digital experience designed to make retirement preparation simpler and more personalised for its members.
A hold in the cash rate during the upcoming November monetary policy meeting appears to now be a certainty off the back of skyrocketing inflation during the September quarter.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
120.73 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
61.94 3 y p.a(%)
