Often compared by international investors, India and China continue to face off on their prospects for both economic growth and market attractiveness. A new report by Frontier Advisors is now putting India out front over the long term. At an investor briefing in Sydney last week, Alvin Tan, a principal consultant, and Kuek Chyuan Low…
ESG factors have started to become recognised in fixed income investing as value-adding indicators of economic performance. An increasing number of macro fund managers are beginning to incorporate some form of ESG into their decision-making process. In the latest edition of ‘Global Macro Shifts’ a client report by Michael Hasenstab, the CIO of Templeton Global…
The latest theme for big super funds to consider, according to Chant West, is a focus on the outcomes of members in retirement, taking the lead from APRA’s new outcomes assessment. This is actually a seismic shift for the institutional part of the industry. It enjoins member services with investment strategies and their implementation. The…
Investors, including fund managers, can “overdo” their performance measurement assessments, according to a new paper by Research Affiliates. This may skew thinking and reactions towards short-term “noise”. US-based Research Affiliates, says in “Performance Measurement – How to Do it if We Must” that technology is making performance measurement a lot easier and, because it is…
Most corporate bonds are owned by institutions and most institutions are getting very aware of ESG issues. Here is where the rubber is starting to hit the road for ESG-aware bond managers. According to QIC, the big Queensland-government owned fund manager, it should be easier for ESG-aware investors to engage in the bond market than…
by David Chaplin The New Zealand Superannuation Fund has dialed-down active risk-taking to one of its lowest points in almost a decade, according to chief investment officer, Matt Whineray. Whineray, told the Sovereign Wealth Fund Institute (SWFI) publication last week that the almost NZ$40 billion (A$37 billion) fund had scaled back its “active risk” positions…
The global shift to index investing is unlikely to rewind despite unfavourable conditions for passive allocations across asset classes, according to Kylie Willment, Mercer Australia’s chief investment officer. Willment, who made several investor presentations last week in New Zealand, said the secular move to passive exposure had been driven by a number of forces, including: equity…
Super fund members are missing out if their fund fails to adopt an integrated tax efficient approach to equity investing, according to global implementation manager Parametric, with a net benefits of up to 7.2 per cent a year over 40 years and multiple scenarios. Parametric’s latest study tracks the experiences of three hypothetical super fund members…
While most areas of private equity have performed well for both managers (general partners) and their investors (limited partners), there has been a standout sector in the past 12 months according to a study by McKinsey & Company. This was “the surge of megafunds”. The report, ‘The Rise and Rise of Private Equity’, says the market…
The Grattan Institute, the think tank which has become a consistent critic of the superannuation industry, lobbed another grenade over the fence last week, in a paper on how to close the gender gap in retirement incomes. This is a complex issue which has been widely discussed within the industry for years. The latest report…
