Sunsuper has appointed Ibbotson Associates Australia to provide investment advice following a review by the super fund into the asset allocation capabilities of a number of consultants.
Ibbotson, a subsidiary of the Morningstar investment management division, will provide tailored advice based on the Ibbotson dynamic asset allocation process, stated Sunsuper.
According to Sunsuper, the process is designed to dynamically adjust asset classes and weightings to recognise changes in the risks and rewards for investing over the medium term.
"An increasing number of superannuation funds and institutional investors are supplementing traditional asset allocation models with more dynamic approaches," said Ibbotson managing director and chief investment officer Daniel Needham.
"The continued development of specialist customised services is a key area of focus for us."
Sunsuper portfolio manager investment strategy Corrin Collocott said Ibbotson's process is easily customisable to integrate into Sunsuper's investment process.
"Sourcing ideas from tailored relationships without consultant and investment managers expands our 'virtual team', enhancing our ability to meet objectives that are important for our members," said Sunsuper chief investment officer David Hartley.
"This model is likely to become more prevalent as large superannuation funds become increasingly sophisticated."
