The practicalities of the Shanghai-Hong Kong Stock Connect

China’s spectacular growth over the past decade has been one of the more successful emerging market stories of recent times. Yet, this growth in domestic wealth has so far had limited impact on the international equity markets, with cross-border investment flows remaining largely untapped due to strict capital controls. This may be about to change. … Read more

REST joint venture deal will represent 1% of all assets

REST Industry Super has entered into a joint venture with US rental apartment developer Greystar Real Estate Partners. The 10 year joint venture makes REST the majority equity partner in approximately eight new rental apartment buildings with a combined total of around 3,000 apartments to be developed and managed by Greystar. The deal will also … Read more

AIST view point: comparing standards of governance

It’s become fashionable – particularly with the current discussion stemming from the Financial System Inquiry – to compare super funds to banks.  This is particularly so when the talk turns to governance. Speaking at the recent ASFA conference in Melbourne, the former federal treasurer Peter Costello commented that super funds should be subject to the … Read more

Prepare for new fixed income landscape urge managers

Two fund managers have warned investors to prepare for a new landscape in fixed income investing as quantitative easing ends in the US. Alliance Bernstein and Threadneedle Investments spoke in separate sessions at the Fiduciary Investors Symposium at Peppers Moonah Links, in the Mornington Peninsula, but both had similar warnings of a growth in volatility … Read more

Cbus adds six to its investment team

Kristian Fok wants to add an Australian equities analyst to better inform the largest stock positions held by Cbus and to help tailor portfolios to better reflect its risk profile. The appointment would bring the number of new additions to the Cbus investment team to seven. Speaking at the Fiduciary Investors Symposium in the Mornington … Read more

Sunsuper boosts appeal to national employers

Sunsuper is using its new referral program with the Financial Planning Association of Australia (FPA) to lure national employers based in Melbourne and Sydney. The program sees it retain its in-house team of advisers in Queensland and Sydney and add direct relationships with adviser practices nationwide which share the fund’s philosophy of always acting in … Read more

HESTA wins AIST’s top award for excellence

HESTA’s ‘one click rollover’ campaign has won the Australian Institute of Superannuation Trustees’ Platinum Communication Award. The campaign uses big data principles to produce personalised mobile-responsive rollover requests and resulted in tens-of-thousands of members engaging and staying with the fund. In the category for funds with less than $5 billion funds under management AMIST won … Read more

G20 finance ministers warm to IFM’s private sector infrastructure proposal

The creation of a global infrastructure hub in Sydney could go some way to filling the estimated $20 trillion infrastructure gap in leading nations by 2030, according to Brett Himbury, chief executive of IFM Investors. The hub is to be created after agreement from G20 leaders this weekend in Brisbane. Its role will be to … Read more

QSuper imagines long life insurance

QSuper has envisioned a process for creating its own deferred annuity that would be one part investment and one part a group insurance contract. Speaking after a hard hitting oration to the ASFA annual conference in which she called for a “second super revolution”, Rosemary Vilgan, chief executive of QSuper, said this product could be … Read more

Pension funds put pressure on G20 tax reform

Pension funds are becoming vocal ahead of the G20 leaders summit next week, reiterating the need for action over tax reform, and encouraging world leaders to consider financial reform that encourages long-term investing. The UK’s Local Authority Pension Fund Forum, which is a collaborative shareholder engagement group of 61 local authority pension funds with combined … Read more

Are there statistically proven ways of successful equity investing? The factor investing debate

Historical data going back 65 years on how equities perform, show proven risk premia or factors. This assertion from academics now employed by Janus Capital in its strategies is tantalizing, but also provocative for investors sceptical of being told there is a simple and easy way of choosing equities. In a passionate discussion at the … Read more

Quadrant Super and Tasplan confirm $3bn merger

Wayne Davey, the current chief executive of Quadrant, has been chosen to lead the merged operations of Tasplan and Quadrant super funds from November 2015. The new board will be chaired by Naomi Edwards, the current chair of Tasplan, while the current chief executive of Tasplan, Neil Cassidy will retire on that date. Four current … Read more