SMAs battle platforms for right to squeeze manager margins

Naoumidis admits that the SMART Funds will benefit from the lobbying already done by Perpetual Investments on behalf of its WealthFocus Investment Advantage platform, which gained an ATO tax ruling which will allow investors to switch between 76 underlying funds without crystallising any capital gains tax. Naoumidis will seek a similar ruling.

 

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Mercer Super expands into frontier market debt, builds out PE program

The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.

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