POWERED BY MOMENTUM MEDIA
MTAA Super awards $200m credit mandate
Industry fund Motor Trades Association of Australia (MTAA Super) has awarded a $200 million global credit mandate to AllianceBernstein.
AllianceBernstein's global credit strategy is an actively managed global bond strategy with a research-based investment approach.
It invests mostly in investment-grade credits and takes an opportunistic stance in convertible securities, the sovereign debt of developed nations, agency bonds, asset-backed securities and high-yield and emerging-market debt where allowed by client guidelines.
"The strategy fits into MTAA Super's diversified fixed interest My Choice option, which seeks stable returns over the short-to-medium term through reduced exposure to risk," AllianceBernstein said.
"It is therefore intended to be suitable for members who seek stable investment with limited capital growth opportunity."
It also plays a vital role in the fixed interest sectors of MTAA Super's diversified investment options, including its MySuper product.
Alliance Bernstein Australia said its institutional channel has won new mandates during 2014 across Australian equities, global equities, emerging-market equities and global fixed income.
Recommended for you
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
