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Investment Strategy

Currency to crimp the master trusts’ comeback

The comeback of retail master trusts against industry funds in the performance stakes will face a headwind if the Australian dollar remains high, because their average strategic hedging level is much lower, according to data from Chant West Financial Services. “To the extent that anyone’s not 100 per cent hedged, they are suffering at the […]
Investment Strategy

Currency to crimp the master trusts’ comeback

The comeback of retail master trusts against industry funds in the performance stakes will face a headwind if the Australian dollar remains high, because their average strategic hedging level is much lower, according to data from Chant West Financial Services. “To the extent that anyone’s not 100 per cent hedged, they are suffering at the […]
Unintentional

Consultants’ Revival

Dynamic asset allocation, enhanced asset allocation, strategic overlay, stractical investing: call it what you like, there’s a new kid on the block and it’s occupying the minds of super funds, asset consultants and funds managers alike. With super funds beginning to value downside protection more than incremental return, asset consultants and multi-managers have seized the […]
Unintentional

Consultants' Revival

Dynamic asset allocation, enhanced asset allocation, strategic overlay, stractical investing: call it what you like, there’s a new kid on the block and it’s occupying the minds of super funds, asset consultants and funds managers alike. With super funds beginning to value downside protection more than incremental return, asset consultants and multi-managers have seized the […]
Unintentional

Consultants’ Revival

Dynamic asset allocation, enhanced asset allocation, strategic overlay, stractical investing: call it what you like, there’s a new kid on the block and it’s occupying the minds of super funds, asset consultants and funds managers alike. With super funds beginning to value downside protection more than incremental return, asset consultants and multi-managers have seized the […]
Investment Strategy

MLC warns against pitfalls of ‘MAA’

Susan Gosling MLC Investment Management’s head of capital markets has observed the industry-wide trend toward medium-term asset allocation, which is even being adopted by “the bastions of actuarial purity”, Russell Investments, but questioned whether it might cause “an insidious slide into market timing” by the multimanager industry.
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