IOOF awards global SMID mandate
IOOF has awarded a global small and mid-cap mandate to Natixis Investment Managers affiliate, Vaughan Nelson Investment Management.
The $125 million mandate would be in IOOF’s MultiSeries international shares portfolio.
The Vaughan Nelson Global SMID strategy was a concentrated portfolio of 40-80 stocks with a value, bottom-up approach which targeted 50% returns from every position over a three-year time horizon.
Stanley Yeo, deputy chief investment officer and head of equities at IOOF, said: “In a recent review of our global equities portfolio, we decided the case for a global SMID allocation was compelling to improve the outcome for our investors.
“Following a global search, we were particularly impressed by the Vaughan Nelson team’s proven track record and disciplined investment approach. In addition, as a boutique firm, the appointment of Vaughan Nelson is consistent with our preference for boutique asset management firms running niche strategies.”
Louise Watson, country head for Natixis IM, Australia and New Zealand, said: “This mandate between IOOF and our affiliate, Vaughan Nelson, means that investors of IOOF’s MultiSeries product have exposure to both international companies, and also active management. We look forward to helping IOOF’s investors achieve positive outcomes through this new partnership”.
AUTHOR
Laura Dew
Recommended for you
Bell Financial Group has appointed a chief investment officer who joins the firm from Clime Investment Management.
Private markets funds with “unattractive practices” could find themselves facing enforcement activity with ASIC chair Joe Longo stating he cannot rule it out in the future.
Despite ASIC concerns about private credit funds being accessed via the advised channel, there are questions regarding how high its usage actually is among financial advisers.
Challenger has looked to the superannuation industry for its appointment of a group chief investment officer, a newly-created role.
