POWERED BY MOMENTUM MEDIA
Warakirri and GBST extend partnership
Boutique investment manager Warakirri Asset Management has extended its after-tax services partnership with financial technology provider GBST to support superannuation funds with their global equities benchmarks.
The extended partnership would allow Warakirri clients to access after-tax services based on the global MSCI after-tax benchmarks index series which GBST had provided to the Australian market since 2015.
Both firms had worked together for over 10 years providing after-tax services to the super industry based on customer after-tax benchmarks for Australian equity portfolios.
GBST was the first globally accredited provider of MSCI Global Index custom after-tax benchmarks.
MSCI indexes such as MSCI World, MSCI Emerging Markets, MSCI Asia and MSCI Europe are global benchmarks widely used by superannuation funds.
Jim McKay, Warakirri managing director, said: “We have been benchmarking Australian equities portfolios on an after-tax basis since 2007, and through our long-term relationship with GBST, we are pleased to extend our services to include global benchmarks and performance analytics for the Australian superannuation industry.”
Kathy Taylor-Hofmann, GBST business solutions executive said: “We are committed to helping superannuation funds improve member outcomes through tax-aware investing. So, it is fantastic to extend our after-tax benchmark offering and existing relationship with Warakirri to cover both after-tax S&P domestic, and now MSCI global, benchmarks.”
Recommended for you
In its pre-election policy document, the FSC highlighted 15 priority reforms, with superannuation featuring prominently, urging both major parties to avoid changing super taxes without a comprehensive tax review.
The Grattan Institute has labelled the Australian super system as “too complicated” and has proposed a three-pronged reform strategy to simplify superannuation in retirement.
Super funds delivered a strong 2024 result, with the median growth fund returning 11.4 per cent, driven by strong international sharemarket performance, new data has shown.
Australian Ethical has seen FUM growth of 27 per cent in the financial year to date.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
