POWERED BY MOMENTUM MEDIA
BlackRock picks up VicSuper mandates
VicSuper has awarded $3.8 billion in index investment mandates to BlackRock Investment Management.
BlackRock will manage Australian equity, fixed income, cash and global fixed income indexes for the superannuation fund.
BlackRock Australia chief executive Damien Frawley said VicSuper's decision to outsource its investment management at a time when other funds were insourcing was a testament to BlackRock's organisational culture.
"The relationship between BlackRock and VicSuper has grown out of important shared values. We are both signatories to the United Nations-backed Principles for Responsible Investment and act on the belief that excellent corporate governance is essential for sustainable value-creation," Frawley said.
The announcement of the first BlackRock mandates for VicSuper coincided with 40th anniversary of BlackRock's invention of the first index fund in 1971, said Frawley.
AUTHOR
Recommended for you
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
HESTA has slammed Woodside’s climate transition action plan, pointing to “significant” gaps.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment