POWERED BY MOMENTUM MEDIA
High standard of corporate governance in Aus
Australia was found to have a high standard of corporate governance across it’s listed companies last year, a new report by Aberdeen Standard Investments has shown.
The Global ESG Report measured the social aspects of many countries’ capitalist activities, in a bid to focus on longer-term measures of national success.
Andrew Preston, Aberdeen Standard Investments’ head of governance in Australia, said good boards appointed good senior managers, which led to successful businesses.
“Aberdeen Standard Investments’ Asia-Pacific ESG team firmly believes that companies with well constituted boards with respect to skills, diversity, and independence, combined with reasonable tenure, can work with management to effectively develop and implement appropriate strategies,” Preston said.
In the sphere of corporate governance, there was a stronger emphasis on Australian small cap companies.
“They tend to have tight control from the founders, so they are more likely to benefit from constructive dialogue on corporate governance,” Preston said.
“Global small cap stocks have also outperformed large caps in 2019, do not suffer from concentration bias and offer stronger earnings growth.”
Recommended for you
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
In this latest edition, Darren Spencer, lead investment director at Mercer, shares the fund’s process in assessing opportunities in a shifting investment landscape.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
