POWERED BY MOMENTUM MEDIA
After-tax investing picks up speed
After-tax investing will become the norm in the next five years according to Kathy Taylor-Hofmann, head of GBST Quant division.
She said traction was building in the after-tax space and had been initiated by the superannuation funds, but was now being picked up by fund managers as well.
"In five years time, all the fund managers will be doing tax aware management, all the reporting will be on an after-tax basis and all the measurement will be on an after-tax basis," she said.
GBST Quant has provided the customised after-tax benchmarks for Russell Investments' inaugural after-tax survey, due to be released this month.
The survey would increase the available information in the after-tax space and encourage more after-tax investing, according to Taylor-Hofman.
"It's going to build that momentum towards that five year vision," she said.
Based on S&P/ASX 200 index and S&P/ASX Small Ords index data and calculated with Russell methodology, the data will allow funds to compare S&P/ASX indices on an after-tax basis.
Taylor-Hofmann said many super funds were carrying a big loss and had become more interested in the benefits of franking credits, which was the focus of the Russell survey.
GBST has also formed a strategic alliance with NAB Asset Servicing to strengthen Nab's tax and accounting offer to custody clients and for the provision of GBST's Pre-Trade Tax analyser tool.
Peter Hele, managing director of product and strategic alliances at NAB said, "superannuation funds have been looking to their custodians for solutions that will support themselves and their investment managers to better manage, monitor and measure the tax implications of their investments".
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
