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.
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