HESTA has appointed Martin Currie Investment Management to be the underlying investment manager for a new global equities portfolio.
The international equities partnership mandate will be managed by the Edinburgh-based global long-term unconstrained team whose strategy is designed to provide sustainable long-term outperformance of the market from a high conviction portfolio, backed by proprietary and systematic fundamental research.
“Central to the partnership is a fee pricing structure based across Martin Currie and HESTA’s full relationship, rather than on each individual investment capability in order to maximise value for HESTA’s member base,” the superannuation fund said.
“HESTA’s investment team also gains full access to Martin Currie’s global investment reach, through research insights and proprietary environmental, social and governance (ESG) resources and analysis across global, emerging market and Australian equities.”
Commenting on the appointment, Steven Semczyszyn, HESTA general manager growth, said: “We are excited to be entering into this mutually beneficial partnership with Martin Currie.
“We look forward to working with a like-minded progressive partner like Martin Currie to drive towards better outcomes for HESTA and its members. The partnership will also assist us to achieve our carbon emission targets as part of our Climate Change Transition Plan.”
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.
The appetite for digital infrastructure has grown significantly among Australia’s superannuation funds, with assets like data centres, fibre optic networks, and telecommunications now viewed as strategic investments in their portfolios.