Innovest to provide Five Oceans with research
Five Oceans Asset Management has chosen Innovest Strategic Value Advisors, a rater of publicly held companies, to provide specialist research for its business.
The agreement will complement Five Oceans’ own investment research process by supplying an evaluation of a company’s sustainability management.
Innovest rates companies based on a variety of non-traditional risk factors, such as environmental, social and strategic governance issues, with particular emphasis on competitiveness, profitability and share price performance.
Five Oceans believes these factors provide a good barometer of the long-term value a company is likely to deliver to shareholders.
Innovest chief executive Bill Hartnett said he was delighted to be involved with Five Oceans.
“They are representative of the increasing number of far-sighted mainstream fund managers that are recognising the role that non-traditional as well as traditional investment risk measures play in driving company value,” he said.
Recommended for you
AFCA has confirmed United Global Capital’s membership of the body will not be extended to accept further complaints, avoiding a repeat of the Dixon Advisory scenario.
Three of Australia’s largest financial advice groups have shared their thoughts with Money Management on whether they would include crypto on their approved product lists.
Shadow treasurer Angus Taylor has vowed to introduce a bill to legislate a raft of financial services reforms if the Coalition is elected.
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
