Volatility pays dividends
Big Queensland institutional investor QIC has had its decision to be the seed investor in the Pengana Global Volatility strategy vindicated with a 10 per cent return net of fees for the period November 2007 to January 18.
The result has seen QIC make a further allocation to the strategy, bringing total investment to more than US$250 million.
Commenting on the result, principal portfolio manager Al Wilkinson said that it was a pleasing outcome, especially during a period of volatility, and had rewarded QIC’s research into the strategy.
“We believe we will be seeing changes in the level of volatility in the markets for the foreseeable future, which presents great opportunities for us,” he said.
Recommended for you
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.
Australian licensees are expected to make greater use of custom model portfolios for their clients, according to State Street Investment Management, following in the footsteps of US peers.
Adviser Ratings has argued that it’s time for more advisers to utilise digital engagement tools available to them as a disconnect grows between consumers seeking advice from finfluencers and from professionals.