Neuberger Berman brings global fund to local investors
US manager Neuberger Berman will offer its Systematic Global Equity Trust to Australian investors with the fund to be available via Equity Trustees, which will act as the responsible entity of the Trust.
The Trust has received funds from its first investor — the Future Generation Global Investment Company Limited which listed recently — and will provide exposure to a diversified portfolio of companies across both developed and emerging markets globally.
The Trust is already offered to investors in other parts of the world and is managed within Neuberger Berman's Quantitative Investment Group, in line with its existing Systematic Global Equity strategy.
Neuberger Berman Australia, joint managing director, Lucas Rooney said the fund was being launched into the Australian market due to interest in the uncommon characteristics of the investment strategy.
"The investment philosophy behind the systematic global equity strategy is that investor behaviour is flawed, with behavioural biases generally resulting in over/under reactions in their investment decision making," Rooney said.
"The strategy aims to identify undervalued, quality companies with improving business prospects in the belief that a company with the optimal balance of these three characteristics should perform well.
AUTHOR
Jason Spits
Recommended for you
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
Strong adviser engagement has helped Praemium reach $1 billion in inflows on its Spectrum offering, with a deal with Western Australian wealth firm Euroz Hartleys expected to add as much as $2 billion.
