Global equities boutique manager, Bell Asset Management, has been award a $130 million global small and mid-cap equity mandate from Energy Super.
The manager’s global small and mid-cap strategy aimed to provide investors with an additional growth alternative in global equity portfolios, as well as helping diversify investors’ concentration risk to mega and large-caps.
“We are seeing increasing demand for this segment of the market as investors look for pockets of opportunity and alpha,” Bell’s managing director, strategy and distribution, Rob Sullivan, said. “We look forward to building a strong and long partnership with Energy Super and delivering the best results we possibly can to its members.”
The regulator has fined two super funds for misleading sustainability and investment claims, citing ongoing efforts to curb greenwashing across the sector.
Super funds have extended their winning streak, with balanced options rising 1.3 per cent in October amid broad market optimism.
Introducing a cooling off period in the process of switching super funds or moving money out of the sector could mitigate the potential loss to fraudulent behaviour, the outgoing ASIC Chair said.
Widespread member disengagement is having a detrimental impact on retirement confidence, AMP research has found.