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
Pinnacle has reported a 151 per cent rise in net profit after tax in its half-year results, helped by overseas expansion and affiliate performance fees with further international deals in the pipeline.
Global asset manager Janus Henderson generated more than US$2 billion in net inflows during 2024, thanks to its strengthened intermediary channel and M&A activity.
Amid the rising demand for more flexible private equity investment options, LGT Capital Partners has launched a semi-liquid fund for wholesale investors in Australia and New Zealand.
The departure of Gerald Stack from Magellan could lead to redemptions as high as $8 billion, according to Morningstar, given the majority of assets in his infrastructure strategies are held by institutional clients.
