UK global manager wins Aussie mandate
UK-based firm, Royal London Asset Management, in partnership with local distributor, Ironbark Asset Management, has been awarded an institutional mandate with Nikko Asset Management for Australia and New Zealand.
The firm said that mandate was awarded to Royal London for their Global Equity Select Strategy, which applied a concentrated approach to global equity investing which delivered high stock specific risk and exposures that drove excess returns for the strategy in 15 out of the 17-year history.
The strategy is run by peter Rutter and his team which applied their economic return and corporate life cycle frameworks which constructs a differentiated portfolio.
“Engaging a differentiated global equity approach brings confidence to our multi-manager global equity strategy,” Nikko AM’s senior portfolio manager, Charl Marais, said.
“We’re confident that Peter and his team will contribute positively to the ongoing success of our 10-year track record in manager selection.”
AUTHOR
Oksana Patron
Recommended for you
The merger with L1 Capital will “inject new life” into Platinum, Morningstar believes, but is unlikely to boost Platinum’s declining funds under management.
More than half of the top 20 most popular shares bought by advised investors during the first half of 2025 were ETFs, according to AUSIEX data.
At least two-thirds of ETF flows are understood to be driven by intermediaries, according to Global X, as net flows into Australian ETFs spike 97 per cent in the first half of 2025.
Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund underperformance could be a headwind for future flows.
