IFM Investors has continued its business expansion across Australia and internationally as it has raised $18.7 billion, taking the firm’s funds under management (FUM) to $92.9 billion up 33 per cent for the year to June 2017.
IFM Investors chief executive, Brett Himbury, said disciplined strategic management with the firm’s super ownership model had helped lift its performance and reach to a client base across 14 countries.
“Our results highlight the value of our superannuation fund ownership model which underpins and drives our culture, motivation, values, and decision making,” he said.
“Despite increasing global political and economic uncertainty IFM Investors…will remain well positioned to capitalise from the growing appetite of investors to partner and invest with a fund manager that is aligned with their member beneficiaries.”
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.