Produced in partnership with Robeco. For years, emerging markets were boxed as a commodity proxy, a levered play on China, or a diversifier in a developed markets-centric portfolio. The economic architecture has shifted: EM and developing economies now account for the majority of global GDP on a purchasing power parity basis and growth projections expect … Read more
The emerging markets surprised investors last year, coming out of a long period of underperformance relative to developed markets in a strong rally driven largely by a rethink of the outlook for Chinese technology companies. Kees Verbaas, global head of fundamental equity at Robeco, thinks that an increasingly supportive macro environment means that rally will be both sustained and extend to more sectors.
With the government’s Retirement Reporting Framework finalised, the regulator is consulting with funds on the structure and timing of an implementation program designed to create a fit-for-purpose regime with minimal additional compliance burden.
Australia’s sovereign wealth fund has added an active equity strategy from a local boutique manager to its emerging markets allocation and dropped one of its existing providers after signaling it had identified “inefficiencies” in the space.
Andrew Lill, who this week left his role as interim CIO at legalsuper, is set to take on the top investment job at one of the country’s largest charitable foundations.
Dynamic asset allocation has become increasingly popular among pension and sovereign wealth funds as a top-down tool to generate alpha and mitigate risk in the face of changing market conditions, though not every asset owner believes in the approach’s value-add. But HESTA’s general manager of dynamic assets Michael Blayney argues active asset allocation is just natural extension of the underlying logic in security selection.
legalsuper’s CEO will take up the top job at Equip Super while interim CIO Andrew Lill is departing for parts unknown as a slew of executives step down across the superannuation system.
Mental ill health claims across group and retail life insurance policies are expected to reach more than $4 billion this year, according to data from the Council of Australian Life Insurers and Conexus Financial – a trajectory that is unlikely to change. But the ways that superannuation funds and insurers are dealing with mental ill health are flawed, according to an Investment Magazine roundtable, in partnership with AIA Australia.
GESB chief executive Ben Palmer is set to leave the Western Australian government super fund, ending a 13-year tenure after steering the fund through the most significant change in its history. In a rare interview, Palmer examines the past, present and future of super and explains why GESB is treating platforms, not profit-to-member funds, as its benchmark.
Investment leaders in private credit have dismissed concerns about the asset class, arguing the real issue is a mismatch between the liquidity of the asset class and the expectations of non-institutional investors.
The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.
The departure of the $100 billion HESTA’s chief operating officer Stephen Reilly follows those of chief executive Debby Blakey and chief risk officer Andrew Major, and is part of a shake-up among the broader senior ranks of Australian super funds.
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
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