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Superannuation
14 July 2025 by Maja Garaca Djurdjevic

Australia’s productivity future hinges on super, ASFA warns

Australia’s superannuation system is doing more than funding retirements – it’s quietly fuelling the nation’s productivity, lifting GDP, and adding ...
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Fund managers’ Europe bet shaken by Trump’s fresh tariff threat

Fund managers who had been pinning their hopes on Europe as a relative safe haven from trade tensions are facing fresh ...

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T. Rowe Price raises risk profile amid global growth support

T. Rowe Price has modestly increased its risk appetite, upgrading its overall risk profile towards neutral as it seeks ...

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Betashares targets top spot with managed accounts merger

Betashares will merge its managed accounts business with Sydney-based InvestSense to create Trellia Wealth Partners, an ...

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Unpredictable markets spur ‘significant shift’ to active management: Invesco

Index concentration risk along with macro and political volatility has prompted many sovereign wealth funds to turn to ...

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Is political pressure driving major banks to abandon net zero coalitions?

HSBC has withdrawn from the UN-convened Net-Zero Banking Alliance (NZBA), making it the first UK bank to formally exit ...

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NabInvest buys Canadian manager

  •  
By Alice Uribe
  •  
2 minute read

NabInvest has made its seventh acquisition, buying Canadian global REIT fund manager Presima.

National Australia Bank's direct asset management business, nabInvest, has made its second overseas fund manager purchase, acquiring Canadian global real estate investment trust (REIT) boutique fund manager Presima.

Still subject to regulatory approval in Australia and Canada, nabInvest acquired Presima from SITQ, a subsidiary of Canada's largest pension fund manager, Caisse de Depot et Placement du Quebec.

The acquisition is nabInvest's seventh deal since the business was established in 2007 and will give it access to a client base in Canada and the United States.

The Montreal-based firm has around $577.5 million in funds under management and invests in listed property securities across a variety of regional markets on behalf of institutional clients.

 
 

"Managers of global REIT strategies are actively sought by Australian and international investors. Boutique managers such as Presima offer a solid record of performance and a team of experienced investment professionals," nabInvest investment director Nick Basile said.

The other nabInvest business partners are Combridge Industrial Trust Management, Lodestar Capital Partners, which it bought in September last year, Fairview Equity Partners, Pengana Capital, Northward Capital and Antares Fixed Income.