Innovest to provide Five Oceans with research
Five Oceans Asset Management has chosen Innovest Strategic Value Advisors, a rater of publicly held companies, to provide specialist research for its business.
The agreement will complement Five Oceans’ own investment research process by supplying an evaluation of a company’s sustainability management.
Innovest rates companies based on a variety of non-traditional risk factors, such as environmental, social and strategic governance issues, with particular emphasis on competitiveness, profitability and share price performance.
Five Oceans believes these factors provide a good barometer of the long-term value a company is likely to deliver to shareholders.
Innovest chief executive Bill Hartnett said he was delighted to be involved with Five Oceans.
“They are representative of the increasing number of far-sighted mainstream fund managers that are recognising the role that non-traditional as well as traditional investment risk measures play in driving company value,” he said.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
