Door opens onto full Chinese equity market

The diversity of Chinese equity portfolios is to increase when the number of companies accessible to foreign investors doubles at the end of 2014. The China Securities Regulatory Commission and the Securities and Futures Commission is to allow international investors access to companies listed on the Shanghai stock exchange, where previously they were limited to … Read more

The great post-retirement opportunity

Australia has the opportunity to lead the world in post-retirement products and export its know-how, according to Moshe Milevsky, the internationally renowned author and academic from Canada. The finance professor at York University in Toronto, who is an author of several books on retirement income, spoke at the Association of Superannuation Funds of Australia Investment … Read more

Managers bullish on Chinese and Indian corporate debt

Australian investors are being urged to increase their exposure to Chinese and Indian credit, owing to imminent political change, low default rates and high yields. Corporate emerging market debt represents only 5 per cent of the BofA Merrill Lynch Global Corporate Index, but AXA Investment Managers has double this exposure in several of its strategies. … Read more

Super Fund Awards’ finalists announced

The finalists of the Chant West/Conexus Financial Super Fund Awards have been announced by the research house Chant West. The fund ratings firm has named finalists across 10 categories, including Super and Pension Funds of the Year. Those nominated for Super Fund of the Year are AustralianSuper, CareSuper, Equip, HOSTPLUS, MLC, Plum, QSuper, REST, Sunsuper, … Read more

Profile: Anne Whittaker, CIO

Anne Whittaker joined the Australian Catholic Superannuation and Retirement Fund (CSRF) as chief investment officer in the momentous month of October 2008, just as the global financial crisis (GFC) was hitting full swing. “Everything went down and you couldn’t hide anywhere,” she recalls. The GFC ended up producing two years of negative returns for CSRF … Read more

New Vision Super CIO to target investment costs

Michael Wyrsch has been tasked with reducing Vision Super’s investment costs as part of his new role as chief investment officer of the $7 billion fund. Wyrsch, who will start at the Victorian local government fund on June 2, is currently a senior investment consultant at Frontier Advisors, a role he has held for 16 years. … Read more

NGS rebrand – ‘for those who understand the true meaning of wealth’

A week after trustees of industry funds were warned that without a brand strategy they would not survive the ‘medium term’, NGS Super has unveiled a new detailed brand, motto and manifesto. Tom Garcia, chief executive of the Australian Institute of Superannuation Trustees gave the stark warning to delegates in his opening address to CMSF, … Read more

Retirement income did not fall for most in GFC: QSuper

The Global Financial Crisis (GFC) never happened in income terms. That’s the new finding from QSuper that’s causing it to rethink the way it communicates to members. Brad Holzberger chief investment officer at QSuper, has described the find as “astonishing”. “If we’d known this, we would’ve communicated it very differently to members at the time,” … Read more

Sunsuper confronts lack of board diversity

Sunsuper has improved the gender and geographical diversity of its board with the appointment of the Sydney based Elizabeth Hallett as an employer representative. Hallet has been a partner with international law firm Norton Rose Fulbright for 22 years practising in corporate advisory, private equity, and mergers and acquisitions, she also has board experience most … Read more

QSuper’s cohort strategies pose challenge to US and UK schemes

QSuper’s creation of eight different investment cohorts for its members has sparked curiosity and admiration from defined contribution experts in the US and UK. The Queensland public sector fund is to segment 440,000 default members into eight groups according to age and account balance in May. The investment strategies for each group will be focussed … Read more

Jana clients gain access to greater range of research

Jana will research a greater range of investment strategies for its clients following its merger with MLC Investment Management. Ian Patrick, whose job title changes from chief executive to co-head of Jana, said the increased capability would meet the needs of clients who were seeking increasingly idiosyncratic approaches to traditional asset classes. He listed long-short … Read more

IMCA Australia launches CIMA Scholarship Program

The Investment Management Consultants Association (IMCA) is offering a range of scholarships for its Certified Investment Management Analyst (CIMA) Program. The professional development course is aimed improving both the practical and theoretical investment knowledge of individuals, as well as their industry contacts. It is the only program offered in Australia that is designed for investment … Read more