Industry super fund Energy Super has appointed Robeco a $650 million global equity enhanced indexing mandate.
Their indexing strategy aimed to deliver better than market returns after costs whole integrating value, momentum, quality and sustainability factors in the investment process.
The mandate was managed by Robeco’s Quantitative Equities team, which consisted of more than 40 portfolio managers and quantitative researchers.
Stephen Dennis, head of Robeco Australia, said the appointment by Energy Super followed the strategy’s strong performance track record.
“This strategy is an attractive solution for superannuation funds looking for enhanced market returns, while improving the sustainability profile of their portfolios,” Dennis said.
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.