Ibbotson picks up Netwealth mandate
Morningstar investment management unit Ibbotson Associates Australia announced this week it had been selected by Netwealth to undertake manager selection and investment management.
Ibbotson said the mandate applied to four of the Netwealth Global Specialist diversified funds, the Netwealth Super Wrap and Super Accelerator superannuation funds.
The announcement said the products had approximately $5 billion in assets.
Ibbotson would also be providing Netwealth with investment consulting services including strategic and dynamic asset allocation advice, model portfolio construction, and dealer group support.
Commenting on the mandate, Ibbotson managing director and chief investment officer
Daniel Needham said Ibbotson had been selected on the basis of the depth of its investment research and dynamic investment strategy approach.
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