Mellon launches new equity trust
Mellon Financial Corporation has launched a new equity trust through its Australian distribution channel aimed at institutional investors.
Mellon Global Investments Australia, the Australian distribution subsidiary of Mellon Financial Corporation, has launched the Mellon Australian Equity Long/Short Trust.
The Mellon Australian Equity Long/Short Trust is sub-advised by Mellon Capital Management Corporation in San Francisco, and follows a large and mid cap stock.
Commenting on the new trust, Mellon Capital’s managing director of active equity strategies Warren Chiang said: “This product embodies Mellon Capital’s commitment to delivering consistent value-added investment strategies. We are pleased to make it available to Australia’s institutional investors.”
Australian Wealth Management’s asset management arm United Funds Management is the seed client for the new trust.
Mellon Capital has in excess of A$223.3 billion in assets under management, including assets managed as
dual officers and A$38.6 billion in overlay strategies.
Recommended for you
Professional services group AZ NGA has made its first acquisition since announcing a $240 million strategic partnership with US manager Oaktree Capital Management in September.
As Insignia Financial looks to bolster its two financial advice businesses, Shadforth and Bridges, CEO Scott Hartley describes to Money Management how the firm will achieve these strategic growth plans.
Centrepoint Alliance says it is “just getting started” as it looks to drive growth via expanding all three streams of advisers within the business.
AFCA’s latest statistics have shed light on which of the major licensees recorded the most consumer complaints in the last financial year.
