RBC Dexia has picked up a new mandate from Standard Life Investments to provide global custody, investment administration and shareholder services to the company’s new Global Absolute Returns Strategies Australian Trust (GARS).
Announcement of the mandate came at the same time as Standard Life Investments said it had made the GARS solution available to Australian institutional and wholesale investors.
It said the product had already secured $75 million from a prominent institutional investor.
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.
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