SSGA Australian Equity fund added to CFS platform
State Street Global Advisors’ (SSGA’s) Australian Equity strategy has been added to Colonial First State’s FirstChoice platform for advisers, with an initial allocation of $65 million.
SSGA’s head of Asia Pacific, said: “We are very pleased Colonial First State has decided to include the strategy, which we believe brings something truly different to a portfolio.
“Investors are becoming more discerning in their allocations to Australian equities and increasingly want to see true active management and performance potential to justify paying active fees.
“The strategy’s objectives are aligned with those of our investors: to grow assets and reduce the impact of market volatility, with a competitive expense ratio.”
According to the company, the fund has generated returns since inception of 9.39 per cent per annum, net of fees, versus the benchmark return of 6.92 per cent.
AUTHOR
Oksana Patron
Recommended for you
Schroders has appointed a new chief executive as Simon Doyle steps down from the asset manager after 22 years.
Distribution of private credit funds through advised channels to retail investors will be an ASIC priority for 2026 as it releases the results of its thematic fund surveillance and guidance for research houses.
State Street Investment Management has taken a minority stake in private market secondaries manager Coller Capital with the pair set to collaborate on broaden each firm’s reach and drive innovation.
BlackRock Australia plans to launch a Bitcoin ETF later this month, wrapping the firm’s US-listed version which is US$85 billion in size.
