Apostle partners with Dundas to target post-retirement segment
Apostle Asset Management has formalised a distribution partnership with Edinburgh-based boutique equity manager Dundas Global Investors Limited to target the post-retirement market.
Apostle said Dundas would offer a new global equity investment strategy to Australian investors with the twin objectives of capital growth and stable, growing dividends.
Commenting on the arrangement, Apostle managing director Karyn West said Apostle had sought out a boutique income-orientated global equity strategy for the Australian market and that Dundas fitted the bill.
The Dundas global portfolio invests in the best public companies from around the world, relying upon proprietary research to identify up to 100 stocks.
The founder of the business, Alan McFarlane, was previously CEO of Walter Scott & Partners Limited. He has over 30 years experience in the investment management industry and is well known in the Australian market place.
He said market participants were going to experience new pressures as the baby boomers shift from their multi-decade era of saving for retirement and start to consume those savings, initially by relying upon their dividend and interest income and eventually by asset liquidation.
"There's a very big difference between compounding your investments and then consuming the assets you've saved," McFarlane said.
Recommended for you
Despite the year almost at an end, advisers have been considerably active in licensee switching this week while the profession has reported a slight uptick in numbers.
AMP has agreed in principle to settle an advice and insurance class action that commenced in 2020 related to historic commission payment activity.
BT has kicked off its second annual Career Pathways Program in partnership with Striver, almost doubling its intake from the inaugural program last year.
Kaplan has launched a six-week intensive program to start in January, targeting advisers who are unlikely to meet the education deadline but intend to return to the profession once they do.
