Neuberger Berman brings global fund to local investors
US manager Neuberger Berman will offer its Systematic Global Equity Trust to Australian investors with the fund to be available via Equity Trustees, which will act as the responsible entity of the Trust.
The Trust has received funds from its first investor — the Future Generation Global Investment Company Limited which listed recently — and will provide exposure to a diversified portfolio of companies across both developed and emerging markets globally.
The Trust is already offered to investors in other parts of the world and is managed within Neuberger Berman's Quantitative Investment Group, in line with its existing Systematic Global Equity strategy.
Neuberger Berman Australia, joint managing director, Lucas Rooney said the fund was being launched into the Australian market due to interest in the uncommon characteristics of the investment strategy.
"The investment philosophy behind the systematic global equity strategy is that investor behaviour is flawed, with behavioural biases generally resulting in over/under reactions in their investment decision making," Rooney said.
"The strategy aims to identify undervalued, quality companies with improving business prospects in the belief that a company with the optimal balance of these three characteristics should perform well.
AUTHOR
Jason Spits
Recommended for you
Ares Management is the latest fund manager to enact alternatives M&A, completing the acquisition of the international business of GLP Capital Partners to create a firm with US$525 billion in assets under management.
Milford is to launch three funds following consultation with financial advisers while closing two other strategies which hold a small volume of assets.
A founding member of fund manager IML is to depart the firm later this year after 27 years.
Magellan Financial Group reported outflows of $0.5 billion in February but saw a slight increase in its infrastructure division despite the exit of head Gerald Stack.
