POWERED BY MOMENTUM MEDIA
OneVue completes first fund manager transition under NAB
Twenty-five UBS Asset Management funds are now on the OneVue Fund Services fund administration platform, transitioning as the first move of the firm’s five-year partnership with NAB Asset Servicing.
The transition of funds comes one year after the partnership between OneVue and NAB Asset Management for the provision of its automated managed fund administration solution was announced.
“Having NAB (National Australia Bank) as a custody partner had made OneVue a much strong organisation,” said OneVue managing director, Connie Mckeage.
“We were fortunate that NAB chose UBS to be their first client transition as the experience, breadth and depth of the UBS team made what can be a very challenging time a very rewarding experience.”
UBS chief operations officer, Glen Rice said the partnership had provided UBS’ investors and advisers with direct access to key registry data.
The transition confirmed OneVue’s position as the largest funds administrator in Australia, with $513 billion under management. OneVue, which is listed on the Australian Securities Exchange (ASX), operates through three divisions and partners to disrupt across the superannuation value chain.
On the funds front for UBS, FE Analytics showed the UBS Australian Share Fund had an annualised one year return of 11.46 per cent, behind the 15.19 per cent benchmark.
AUTHOR
Hope William-Smith
Hope is a journalist with Super Review. She has previously worked across a range of business and lifestyle titles. Hope has a degree in International Relations and joined the Super Review team after completing a Masters in Law, Media and Journalism.
Recommended for you
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.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
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(%)
