Perpetual has suffered a slide in funds under management, despite picking up a new institutional Australian equities mandate.
The fund manager has announced to the Australian Securities Exchange (ASX) today that funds under management as at 31 May stood at $27.5 billion, including net inflows of $100 million from an institutional client in Australian equities.
The company said funds under management as at 30 April, 2010, had stood at $29 billion.
The $75 billion fund has gained exposure to decarbonisation solutions in its first listed equities impact investment.
The superannuation fund is expanding its investment exposure to industrial property through a $1 billion partnership with Barings, a global investment manager.
AustralianSuper has usurped the Future Fund as the biggest Australian asset owner, jumping from 43rd to 36th place globally, according to an annual study by the Thinking Ahead Institute.
IFM Investors, the global institutional asset manager owned by superannuation funds, has signed a memorandum of understanding with the UK government to invest £10 billion by 2027.
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