Ausbil, Tyndall winners in Optimix rejig
Ausbil Dexia and Tyndall Investment Management have replaced Investors Mutual and Schroder Investment Management Australia on OptiMix Investment Management’s panel of Australian equities managers following a regular review of the portfolio.
OptiMix chief investment officer Emmanuel Calligeris said Ausbil Dexia and Tyndall Investment Management would increase the “efficiency and uniqueness” of the portfolio.
“As a result [of the appointments], we have a more enhanced balance of investment style, risk factors, sector and market capitalisation bias, portfolio/stock overlap, stock tilt correlation and level of stock tilt conviction,” he said.
Calligeris said Optimix had been satisfied with the performance of the outgoing managers.
“Both Investors Mutual’s and Schroder’s skill and strategy are high. From a qualitative perspective, both managers provide ample evidence of superior research and stock selection skills, and they demonstrate superior portfolio construction and management skills,” he said.
However, he added that markets had changed and the new additions would provide a better blend for the Optimix portfolio.
The other managers that remain in the portfolio are 452 Capital, Orion Asset Management, Barclays Global Investors and ING Investment Management.
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