POWERED BY MOMENTUM MEDIA
Five Oceans wins $350 million global equities mandate
Skandia Investment Group has awarded a $350 million global equities mandate to Sydney-based Five Oceans Asset Management.
Five Oceans takes over the mandate from JP Morgan Asset Management.
Skandia head of investment research Adam Smears said Five Oceans was chosen due to its high conviction approach, which involves holding a portfolio of 50 core stocks to manage risk over the long term.
Five Oceans' use of derivatives and hedging strategies was also a factor in Skandia's decision, said Smears - as was the fund manager's consideration of environmental, social and corporate governance issues in its research.
"Five Oceans Asset Management is an experienced firm that delivers outperformance beyond the broader markets by having an absolute return mindset," said Smears.
Five Oceans chief executive Ross Youngman said that Skandia Global Equity Fund would be managed in a similar manner to the Five Oceans World Fund, "which has outperformed the MSCI World Index by over 5 per cent annualised after fees, since inception in 2006, as well as in each calendar year".
AUTHOR
Recommended for you
The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update.
Australia is becoming increasingly recognised as an attractive investment opportunity against global counterparts, recent analysis has found.
Pension funds in Australia and the UK are embracing recent developments that will facilitate the deployment of superannuation capital toward the energy transition in both countries.
With the Goldman Sachs’ S&P 500 long-term outlook occupying headlines over recent days, an Aussie economist has weighed in, noting that, while difficult to time, the US market is poised for a downturn.
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(%)
