ACSRF appoints Parametric for tax-managed indexing strategy

15 March 2016
| By Jassmyn |
image
image
expand image

Australian Catholic Superannuation and Retirement Fund (ACSRF) has appointed Parametric to implement a tax-managed indexing (TMI) strategy for a portion of its international equities portfolio.

TMI will broaden the after-tax suite of offerings at the super fund. Members with an active investment vision can get custom tax-managed Centralised Portfolio Management (TM CPM) and those with a more passive objective can use the TMI approach.

ACSRF chief executive, Greg Cantor, said "we expect that working with Parametric will improve our member's net returns. It is becoming increasingly important for superannuation funds to seek out new solutions to bolster the net, not just the gross, investment returns that members will benefit from in retirement".

Also commenting, Parametic's Australasian CEO. Chris Briant, said the firm had been managing passive portfolios with an after-tax focus in the US since 1992.

"[We] saw the need for Australian super funds to balance both their appetite for more passive investment styles with the need for a genuine after-tax investment focus," Briant said.

"Parametic also offers combined active-passive solutions and implements screens and factor biases to give a truly customised solution — all with our trademark focus on with after-tax returns and implementation efficiency."

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months 1 week ago

Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Co...

1 day 8 hours ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

1 day 8 hours ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

1 day 9 hours ago