Realindex reduces fees for certain funds
Systematic equities manager Realindex Investments has added a portfolio manager, while also announcing the reduction of buy-sell spreads and management fees of some of its funds.
Andrew Francis, Realindex chief executive, said it would reduce the buy-sell spreads and management fees of the retail Class A funds it manages, by up to 13 basis points.
“This fee reduction is the result of our business increasing in scale, creating an opportunity to pass fee savings to clients,” Francis said.
“It supports the competitive positioning of our products in the marketplace and demonstrates our commitment to clients, even in the face of market headwinds created by COVID-19.”
Additionally, Dr Ron Guido was appointed to the newly-created role of senior quantitative portfolio manager.
Guido was most recently at RF Capital and before that held senior roles at BlackRock and State Street Global Advisers.
Francis said Guido was a highly experienced investment professional who will add significant portfolio management and research skills.
“For over a decade, Ron has worked in the field of systematic equity strategies for some of the largest institutional asset managers in the world,” Francis said.
Owned by First Sentier Investors, Realindex managed $26.7 billion in assets under management in Australian, global and emerging market equities, as of 31 May, 2020.
AUTHOR
Chris Dastoor
Recommended for you
Evidentia’s chief investment strategist Nathan Lim has announced his retirement after a 30-year career.
GQG Partners has marked its fifth consecutive month of outflows as its AI concerns lead to fund underperformance but overall funds under management increased to US$166.1 billion.
Apostle Funds Management is actively pursuing further partnerships in Asia and Europe but finding a suitable manager is a “needle in a haystack”.
Managed account provider Trellia Wealth Partners, formed from the merger between Betashares and InvestSense, has appointed its first managing partner.
