The mandate is worth about $130 million, according to Media Super.
The super fund stated that Aberdeen’s “rigorous investment process and its focus on fundamental analysis will help to uncover quality companies”.
“Additionally, the portfolio’s high conviction and low turnover approach is well suited for long-term value investors and will ultimately benefit our members,” said Media Super.
There are also “plenty of opportunities for generating alpha outside the top 20 companies, particularly for funds of our size,” the fund stated.
Brett Jollie, managing director of Aberdeen’s Australian business, welcomed Media Super as a client.
“This mandate is an endorsement of Aberdeen’s strong equity investment process and the experience and track record of our Australian equity team,” he said.
