AXA Rosenberg chooses Equity Trustees
Equity Trustees is to act as responsible entity for a new wholesale AXA Rosenberg global equities fund.
The US fund manager joins a growing number of managers using the Melbourne-based trustee company.
“We have picked up half-a-dozen managers in the last couple of months,” Equity Trustees head of fund management Harvey Kalman said.
“We have now become the largest responsible entity provider with more than 20 fund managers and more are poised to join.”
The new AXA Rosenberg Global 130/30 Fund will offer a traditional long-only portfolio and include a limited number of short positions.
It has two investment models that identify stocks to short. It values more than 19,000 stocks globally every three minutes and ranks them from the least attractive to most attractive to build limited shorting portfolios.
The fund will be benchmarked against the MSCI World ex-Australia Index on a rolling three-year basis.
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