MLC changes Aussie share strategies

28 February 2012
| By Milana Pokrajac |
image
image image
expand image

MLC has temporarily added a passive allocation to its Australian shares strategies within its Horizon Series, which will see Vanguard Investments manage the mandate.

Vanguard has replaced Concord Capital, which has been removed from the strategies.

The move came as MLC opted for more diversification, according to Peter Summer, MLC Investment Management portfolio manager of Australian equities.

"When we see evidence of greater diversity in manager positioning, and genuine diversity of insight, we are highly likely to replace Vanguard with an active manager," Summer said. 

"In the current market environment, MLC considers it prudent to add a passive allocation to its Australian shares strategies," he added.

However, while the passive allocation is likely to be a temporary appointment for MLC's Australian Share Fund, the introduction of a passive manager is likely to be a more permanent feature in the MLC Horizon series of portfolios and MLC Long-Term Absolute Return Portfolio.

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. ...

1 year 6 months ago
Kevin Gorman

Super director remuneration ...

1 year 6 months 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 ...

1 year 6 months ago

Economists from the big four banks have all predicted the RBA to deliver another rate cut during its July meeting; however, some admit the decision will be a close call....

1 hour 56 minutes ago

AMP’s strong 2024–25 returns were anything but a fluke – they were the product of a carefully recalibrated investment strategy that began several years ago, when the fund...

2 hours ago

ASIC is “considering what options” it has to hold super trustees to account for including the failed schemes on their platforms, according to its deputy chair....

2 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5