MLC expands international manager line-up
MLC has appointed two new managers to its global share strategy in Bernstein Investment Research and ABN Amro Asset Management, after deciding to broaden the differentiation of manager styles.
ABN Amro was chosen because of what MLC perceives as a unique growth oriented investment approach, supported by an experienced team and disciplined process. The manager has $296 billion in funds under management.
With $185 billion under management worldwide, Bernstein was chosen for its unique investment insights and because of a global research capability that monitors 10,000 companies around the globe.
MLC Investment Management chief investment officer Chris Condon says the rationale behind choosing the two new managers is to enhance the returns without increasing risk.
MLC will be regularly reviewing its investment strategy for each asset class.
Recommended for you
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
