Industry superannuation fund TWUSUPER has awarded an equities investment mandate to fund manager Nikko Asset Management.
The mandate is for TWUSUPER’s Australian Equities Comparative Value Analysis strategy, and TWUSUPER chief investment officer Andrew Killen said Nikko AM’s approach suited the mandate well.
"The Board were impressed with the long-term tenure of the Nikko AM team who have been consistent in delivering excess returns over a long period of time using their Intrinsic Value methodology," he said.
Nikko AM head of equities Brad Potter said the company would bring two decades worth of experience to the mandate and help TWUSUPER find alpha for members.
"We recognise that the Australian market is competitive and that our clients have choices, so it's particularly pleasing when your own passion of value investing is aligned to client needs, especially at a time where we have strong conviction in where our portfolio is positioned," Mr Potter commented.
“Our strategy is underpinned by an experienced, stable team who have a history of delivering alpha to Australian clients for nearly 20 years."
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