Boutique investment manager Warakirri Asset Management has extended its after-tax services partnership with financial technology provider GBST to support superannuation funds with their global equities benchmarks.
The extended partnership would allow Warakirri clients to access after-tax services based on the global MSCI after-tax benchmarks index series which GBST had provided to the Australian market since 2015.
Both firms had worked together for over 10 years providing after-tax services to the super industry based on customer after-tax benchmarks for Australian equity portfolios.
GBST was the first globally accredited provider of MSCI Global Index custom after-tax benchmarks.
MSCI indexes such as MSCI World, MSCI Emerging Markets, MSCI Asia and MSCI Europe are global benchmarks widely used by superannuation funds.
Jim McKay, Warakirri managing director, said: “We have been benchmarking Australian equities portfolios on an after-tax basis since 2007, and through our long-term relationship with GBST, we are pleased to extend our services to include global benchmarks and performance analytics for the Australian superannuation industry.”
Kathy Taylor-Hofmann, GBST business solutions executive said: “We are committed to helping superannuation funds improve member outcomes through tax-aware investing. So, it is fantastic to extend our after-tax benchmark offering and existing relationship with Warakirri to cover both after-tax S&P domestic, and now MSCI global, benchmarks.”
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