Tyndall/Suncorp global share fund review
Tyndall/Suncorp Investment Management has undertaken a review of its World Equities Trust, halving the number of stocks held and altering the fund manager line-up, among other changes.
The number of stocks held in the fund has been reduced from over 1,000 to just under 500, and the trust now has a new fund manager line-up: Walter Scott & Partners, Principal Global Investors, Epoch Investment Partners, Davis Advisors, and Schroders.
Portfolio manager Ken Ostergaard said the new line-up reduces the level of manager correlation as well as stock overlap.
Tyndall/Suncorp Investment Management managing director Brett Himbury said the review resulted in a reduction in excessive diversification, while also eliminating the fund’s overweight position in small caps and the bias towards growth stocks. The World Equities Trust now has an increased weighting to emerging markets, with Ostergaard believing these markets will continue to grow in significance in coming years.
The trust is the underlying investment fund for all Suncorp retail global share funds.
AUTHOR
Recommended for you
As the government announces a public inquiry into the collapse of Dixon Advisory, risk adviser Richard Silberman has detailed the three areas that typically lead to an AFSL's collapse.
With a growing number of advisers now running their own business, they need to pivot their career identity to being a business owner rather than just as a financial adviser if they want to futureproof their business.
Zenith Investment Partners has launched a range of new managed account portfolios over the past quarter, including on Insignia Financial’s Expand platform.
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
