BNP get global outlook
BNP Investment Management (Australia) (BNP) has signed an agreement with MFS Institutional Advisers (Australia) (MFS) for exclusive use of MFS investment products and services in Australia.
BNP Investment Management (Australia) (BNP) has signed an agreement with MFS Institutional Advisers (Australia) (MFS) for exclusive use of MFS investment products and services in Australia.
The alliance means that BNP will now be able to offer an investment service in global and US equities — a service which is not readily provided in the current BNP product range.
Managing Director of BNP, Alan Beasley says, “[MFS] has grown to be one of the most respected names in investment management in the world. BNP is delighted to have this close association with such a quality name in investment management.”
MFS manages approximately $A190 million in two unit trusts in Australia. These unit trusts will be transferred to BNP Asset Management, but will continue to be managed by MFS.
The alliance is also useful for MFS who will now be able to tap into BNP’s distribution networks. MFS also believes the alliance will offer investors a more comprehensive service.
MFS will continue to provide briefings from portfolio managers and analysts on a regular basis.
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