Netwealth awards $400m mandate

Netwealth awards $400m mandate

Platform provider Netwealth has announced a new fund manager for its actively managed diversified funds.


Russell Investments will take control of $400 million within Netwwealth's Global Specialist Series, with the transition expected to be finished in August 2016.

Netwealth joint managing director Matt Heine described the collaboration as a “compelling proposition” given Russell Investments' extensive “multi-asset expertise”.

“With today’s low returns and high volatility environment, we believe Russell Investments’ dynamic approach to investing will help our investors weather these market conditions and provide them with a greater chance of meeting their long-term goals,” Mr Heine said.

Russell Investments' managing director of private client services, Siva Sivakumaran, said the company is pleased to have been chosen to manage the funds, which currently have more than $400 million in assets.

“Russell Investments was delighted to be selected by Netwealth in this highly competitive environment,” Mr Sivakumaran said.

Read more:

Short the UK banks, says Martin Currie

Inflation 'complacency' a risk: Ardea IM

BNP Paribas launches ESG tool

Bravura wins LGIAsuper contract

Election limbo won't hurt AAA rating: Moody's

 

 

Netwealth awards $400m mandate
investordaily image
ID logo
promoted stories

Appointments

investordaily image

AMP names incoming chief risk officer

Jessica Yun

investordaily image

Antares Equities hires new director

Staff Reporter

Brad Fox

Former AFA CEO appointed to boutique board

Staff Reporter

Analysis

investordaily image

Warning lights flashing on Aussie equities

Roy Maslen

investordaily image

What’s in store for the economy in 2018?

Frank Uhlenbruch

ST Wong

Busting common passive investing myths

ST Wong