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HESTA delivers for IFM Investor strategy
Industry funds-backed IFM Investors has broken ground on support for its recently-launched global index strategy.
The fund manager announced today that it had received its first mandate for the strategy with $500 million received in-specie from HESTA.
The global indexed equity strategy is the result of extensive collaboration between IFM Investors and its Australian clients, and chief executive Brett Himbury said the new mandate with HESTA is a significant milestone for IFM Investors.
"In a competitive landscape, the launch of a robust, cost-effective global indexed equity strategy demonstrates our clients' willingness to engage with IFM Investors in product development," he said.
Commenting on the mandate, HESTA chief investment officer, Rob Fowler said Australian superannuation funds increasingly required access to bespoke global equity capabilities.
"We believe IFM Investors' long-term focus will continue to benefit our members," he said.
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
