HESTA has signed active equities specialist Martin Currie Investment Management as its underlying manager for a new global equities portfolio.
Martin Currie has gained the new mandate with the $52 billion industry superannuation fund in addition to a global emerging markets portfolio it has managed for HESTA since 2014.
The new portfolio will be managed by Martin Currie’s global long-term unconstrained team, headed by former BlackRock senior portfolio manager and head of European equities research Zehrid Osmani.
HESTA general manager for growth, Steven Semczyszyn, said the partnership will help the industry fund achieve its carbon emission targets, as part of its climate change transition plan.
The two companies stated they have a fee pricing structure across their full partnership, rather than on each individual investment capability.
HESTA has also gained full access to Martin Currie’s global investment reach, through research insights, ESG resources and analysis across global, emerging market and Australian equities.
Stimulate new ideas. Stimulate new thinking. Top up your CPD and hear from industry experts with InvestorDaily’s Knowledge Centre. Keep up to date with the latest trends and reforms, all while adding to your CPD. Explore the knowledge centre Knowledge Centre now.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
Despite the Australian economy’s ongoing rapid recovery, an Australian equity head believes GDP growth will “fade” in 2022. ...
The next financial year could see a “new record year” for dividends as the Australian economy continues its recovery from the COVID-19 p...