Zurich’s global pull
Zurich Financial Services Australia has added two major global fund managers, a small cap expert and a leader in property securities to its suite of specialist investment managers.
The world’s largest specialist property securities manager, Cohen & Steers, is to manage the newly-established Zurich Investments Global Property Securities Fund, while the Lazard Global Small Companies team is to preside over the Zurich Investments Global Small Companies Fund.
The new relationships will allow the New York-based managers to enter the Australian platform market with ease, while Zurich has the benefit of fee sharing.
Cohen & Steers specialises in global real estate investment trusts, with more than 22 years of experience managing these types of securities.
The Lazard team aims to identify small companies that have hidden value and unrealised potential using intensive fundamental research.
Recommended for you
Financial Services Minister, Stephen Jones, has assured the cost and time to enter the financial advice profession will soon be halved, as shadow treasurer Angus Taylor pledges to reach 30,000 advisers.
The positive results of the latest financial adviser exam have helped the advice profession reach 15,600 yet again, according to Wealth Data analysis.
Financial advice firms have told Adviser Ratings they are planning to increase their compliance spend by almost a third, including on enhancements to their cyber security which ASIC has identified as an enforcement priority.
The digital advice platform is officially launching into the financial advice sector, offering up its services to practices as a means of engaging with the next generation of clients.
