POWERED BY MOMENTUM MEDIA
HOSTPLUS and IOOF award new mandates
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.
Recommended for you
New data has shown a progressive deterioration in risk appetite among instos even prior to Donald Trump’s latest round of tariffs.
UniSuper has reached “peak investment” in US assets and is now preparing to reassess its exposures amid ongoing sharemarket volatility.
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
The message from experts in international trade and economists is that the Australian government should refrain from retaliating with reciprocal tariffs.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.63 3 y p.a(%)
3
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
5
Plato Global Alpha A
27.76 3 y p.a(%)
