InTech combines assured managers
InTech has launched its first stand-alone fund to non-consulting clients - an international fund-of-fund consisting of high conviction investment managers with little regard for benchmarks.
The international shares High Opportunities Trust (HOT), which will also be available to the group’s implemented consulting clients, has been launched in response to conclusions from InTech research on international equities that supports managers with a willingness to take bigger positions relative to benchmarks.
“Our research resulted in a number of conclusions relevant to Australians investing in international equities. It shows that high conviction managers have consistently outperformed other managers by a substantial margin across all stages of the market cycle,” InTech chief investment officer Ron Liling says.
Liling says individually such managers can be quite volatile, however he adds when these managers are properly combined this risk can be significantly reduced
InTech worked in conjunction with its global consulting partner, CRA RogersCasey, in order to identify the international managers for HOT.
The managers include Marvin & Palmer and Wellington (both global growth), Marathon (global value), Pzenza (US value), Sands Capital (US growth), Bernstein (non-US value) and William Blair (non-US growth).
“We have hired managers who have little regard for benchmarks and have high conviction around what they are doing,” Liling says.
According to Liling, Australian investors tend to only see the tip of the iceberg when it comes to accessing available US and European managers.
“Many of these managers are small or so successful at home there is no need for them to come to Australia to seek new business,” he says.
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