State Super has announced it has awarded a large Australian equity income mandate to Omega Global Investors’ Smart Beta plus-based strategy.
The move would be expected to help offer a commercially attractive core equity portfolio with enhanced income and downside protection.
State Super’s senior investments manager, Andrew Huang, said the fund worked closely with Omega to help meet the needs of its large base of members approaching retirement age.
“Omega worked with us to design a well-integrated strategy that combines factor investing and an option overlay in a transparent way,” he said.
According to Omega’s portfolio manager, Andrew Gruskin, the key aspects of his firm’s approach included:
“Our strategy development required not only taking a holistic view of investable markets, but carefully interrogating the underlying factors that drive the stated investment outcomes for the benefit pf investors,” Gruskin said.
As market volatility persists, some super funds are pivoting defensively, while others are strategically positioning to capitalise on emerging opportunities.
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