Fund manager Neuberger Berman Australia (NBA) has continued its expansion into the Australian market with two new mandates from HOSTPLUS and IOOF.
HOSTPLUS awarded a $90 million emerging markets mandate to NBA, and IOOF gave the fund manager a $200 million mandate in global equities.
NBA first ventured into the Australian market by winning a $100 million global tactical asset allocation mandate from Colonial First State.
NBA senior vice president Lucas Rooney said that Australian institutions had shown a high level on interest in NBA's global equities capabilities, including emerging markets.
"Our strategies give client portfolios access to a much broader range of companies than many managers because of the specific orientation of our research work, our investment process, and our teams' particular beliefs," Rooney said.
Institutional investors have increased their risk exposure over June amid tempered levels of market volatility.
Australian investors are increasingly integrating hedge funds and liquid alternatives into their portfolios, as persistent inflation volatility and global macro-economic instability expose the limitations of the classic 60/40 split.
US President Donald Trump’s decision to delay new tariffs has only prolonged the uncertainty weighing on global sharemarkets, according to AMP chief economist Shane Oliver.
BlackRock has reduced its exposure to Australian and European equities in favour of emerging markets.