Kristian Fok has been appointed CEO of Cbus following the departure of Justin Arter and as the fund launches a new five-year investment strategy that will see it in-house another 12 per cent of its assets under management.
Specialist investment and wealth management consulting firm KONU has boosted its ranks with the addition of the former chief operating officer of AMP Capital Public Markets.
Growth is not a dirty word, but it didn’t cover itself in glory through the market upheaval of 2022. Managers now find themselves in a paradigm where what they pay is important again.
While equities have been the first stop for institutional investors trying to decarbonise their portfolios and back the transition to renewables, fixed income is the next lever they want to pull.
Emerging markets are no longer the backwaters of the global economy, but their corporate debt is a multi-trillion-dollar market that’s gone almost untapped by institutional investors.
Super funds’ relatively low allocations to fixed income will rise with yields and as members move further into the retirement phase, according to a new report from the government’s debt agency.
Managed equity funds have experienced their worst outflows since the Covid downturn of early 2020, according to Calastone. Specialist sector funds are feeling the pain too.
Funds that have failed the Your Future Your Super performance test need to improve their communications on underperformance and product closure, according to ASIC.
As the pace of superannuation consolidation slows, Cbus CEO Justin Arter will step down and the fund he’s run since 2020 will embark on a new growth plan.
As hot air escapes the developed markets, unloved and unglamorous emerging markets are in the box seat once more. This time, it’s about more than the growth story.
