POWERED BY MOMENTUM MEDIA
State Street launches lifecycle offering
State Street Global Advisers (SSgA) has imported investment processes from its US global investor base to design a suite of lifecycle investment options for an ageing Australian demographic.
Global chief investment officer for SSgA 's Investment Solutions Group (where the processes originated) Dan Farley said portfolio construction professionals had demanded solutions that provided investor engagement, adapted to different life stages and explicitly managed risk and return.
“We believe a solution that addresses their lifestyle aspirations, offers a fit-for-purpose strategic asset allocation, dynamically manages exposures and explicitly manages equity risk ... could be a game changer in the market,” Farley said.
Unlike the old balanced fund approach which relied on long-term strategic asset allocation and had failed many investors, its strategies used three core investment processes from its Investment Solutions Group, SSgA said: strategic asset allocation matched to different retirement lifestyle characteristics; dynamic asset allocation through its Market Regime Indicator; and an equity protection overlay.
The strategies will first be launched through Netwealth for adviser networks, whilst SSgA is also looking to partner with investors to include the products in superannuation offerings.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
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
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
