Schroders wins FirstChoice mandate
Schroders Investment Management has picked up a key small companies mandate from Colonial FirstChoice.
Schroders Investment Management portfolio manager David Wanis said the mandate had been awarded following several months of consultation between the two companies.
The Colonial FirstChoice mandate comes less than a year after the Schroders team launched the Schroders Australian Small Companies Fund in December last year.
Wanis pointed out that the fund had already earned ‘recommended’ and ‘highly recommended’ ratings from ratings houses Morningstar and Lonsec.
The fund invests in a broad range of smaller companies specifically seeking out undervalued companies with the potential to deliver high and sustainable returns on capital relative to their cost of capital and other companies.
Recommended for you
Reserve Bank governor Michele Bullock has said the central bank sees private demand picking up over the next year, taking over from public demand.
One of Australia’s largest super funds has acquired an equity stake in the institutional investment advisory firm.
Passive investing is reshaping Australian equities, giving rise to a “no information trade” in which large-cap stocks swing sharply despite little or no fresh news.
RBA governor Michele Bullock warns of global trade risks as domestic inflation cools and employment remains near full capacity.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
