Parametric has launched its Equity Agility Platform for superannuation funds to allow funds to quickly pivot its portfolios’ returns and fees at a low cost.
Parametric’s head, Chris Briant, said the one-stop shop investment management agreement (IMA) could be set up for a certain purpose such as passive equity exposure but could easily pivot from its goal to suit the fund’s need for change.
“For example, to change benchmarks, add a defensive tilt, serve as a ‘carpark’ when the fund is between managers, plug an unwanted risk exposure, add or remove emerging market exposure, quickly address environmental, social and governance (ESG) related concerns or even chase less orthodox return sources such as equity put and call writing,” he said.
Briant noted the platform had a transition management built it which allowed Parametric to manage the costs and changes along the way.
“Funds are under pressure, more than at any time in their history, and the idea of a transition manager here, a passive manager there, a quant manager over there, an ESG manager added to the mix, an overlay manager sitting across the top, et cetera is becoming increasingly unwieldy in this change environment,” he said.
“What they want is an implementation partner that can pull it all together with a low-cost, simple, transparent fee structure, and stay alongside them as their needs change.”
