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MLC awards global equities mandate

MLC awards global equities mandate

MLC Investments has awarded Redpoint Investment Management a global equities index mandate.


As part of the overall mandate, Redpoint will manage the global shares strategy within the MLC Index Plus portfolios as well as a currency overlay strategy, the company said in a statement.

"We are delighted to be awarded this significant mandate from MLC. This is another demonstration of Redpoint’s investment management capabilities and our focus on designing and delivering investment strategies across developed and emerging equity markets," said Redpoint chief executive Tim Batho.

Redpoint touts its index management approach for using a "range of strategies designed to enhance returns while capturing the risk characteristics of the chosen index".

The strategy helps reduce the impact of transaction costs and taxation, according to Redpoint.

"We’re pleased to have appointed Redpoint to manage the global shares strategy in MLC Index Plus given the quality and experience of the investment team," said MLC global equities portfolio manager, Myooran Mahalingam.

"Their mandate will give investors exposure to a much wider range of share market opportunities, including those in fast-growing, emerging markets."

 

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