OnePath appoints investment managers in funds overhaul
OnePath has announced the appointment of new investment managers, name changes to its investment funds, and changes to its diversified investment funds following last year's acquisition of ING Investment Management (INGIM) by UBS Global Asset Management (UBS).
ANZ general manager superannuation and investments Craig Brackenrig said OnePath was now partnering with specialist investment managers and taking a more active role in asset management.
The changes include the acquisition by ANZ of OptiMix from UBS, which will enable ANZ to bring this specialist capability in-house. ANZ said this will provide greater flexibility for the creation of new products and will enhance its research and investment manager selection skills.
The former ING single sector funds will be rebranded to OnePath and will be managed on behalf of OnePath by a select range of specialist investment managers, and UBS will manage a number of funds, including Australian and global shares.
PIMCO will manage diversified fixed interest, Karara Capital will manage small companies, CBRE Clarion will manage global property securities and SG Hiscock & Company will manage Australian securities, ANZ stated.
The single manager diversified funds previously managed by INGIM have evolved into OnePath multi-manager funds that blend the processes and styles of leading active investment managers with index funds, ANZ stated.
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