Specialist International Share Fund

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Specialist International Share Fund"

Transcription

1 Specialist International Share Fund Manager Profile January 2016 Adviser use only

2 Specialist International Share Fund process process for this Fund is structured in the following steps: Step 1 Objectives: AMP Research, in consultation with Licensees, determines the investment and operational s for the AMP Research sector Model Portfolio. This Fund aims to provide high relative investment growth over the long term by investing in international shares, which exceed the Fund s performance benchmark (Morgan Stanley Capital International (MSCI) World (ex-australia) Accumulation Index after costs and before tax. Step 2 Manager Selection: AMP Research supplies to AMP Capital with manager names that are included in its Model Portfolio. The underlying manager line up of the Fund may deviate from that of the Model, for a number of reasons. For example, some of the desirable managers may not be available to retail investors and therefore cannot be included in Model Portfolios but are accessible by AMP Capital as an extension of its institutional relationships; and/or strategy and portfolio construction considerations. The investment capabilities of underlying managers are reviewed annually at their business premises, in addition to on-going monitoring and research meetings throughout the year. Step 3 - Portfolio construction: Manager weights and exposures within the Fund are managed to minimise undesired exposures and to ensure that the Fund has an access to diversified sources of excess returns throughout the cycle. On-going exposures and risk monitoring and management: Underlying exposures of the Fund are monitored and managed by AMP Capital on an on-going basis, using best practice systems and methodologies. The Fund blends a portfolio of strategies that invest primarily in developed market international shares. The long terms strategic assets allocation for the Fund is 100% Australian equities, within a strategic range of 90%- 100% in Australian equities. Specialist International Share Fund - structure Defensive Outperforms in down markets Core Pro-cyclical Outperforms in recovering markets

3 Underlying Manager Composition Name Approach Target Allocation (%) American Century Growth Some momentum Large/Mid Cap Fundamental, bottom-up stock picker with a focus on companies with accelerating earnings growth, whose earnings potential is underappreciated by the market This strategy provides the Fund with exposures to growth, quality and momentum factors. We expect this strategy to generate superior returns over the longer term, particularly when the market is strong. It may underperform in weaker markets 15 Arrowstreet Capital Core Active, quantitative investment approach that seeks to consistently outperform its benchmark through varying market conditions. This manager targets a diverse range of sources of alpha, combining signals targeting value, momentum, quality and sentiment This strategy aims to generate consistent returns over full market cycle. However, it may experience some periods of underperformance around market turning points due to its tilt towards momentum. These periods are likely to be short-term in nature. This strategy is a core allocation in the Specialist International Share Fund 30 Magellan Quality Value bias Employs a fundamental strategy that seeks to invest in companies with a sustainable competitive advantage trading below their intrinsic value whilst managing risk based on their proprietary macroeconomics assessment. This strategy provides the Fund with exposure to quality and to stable growth factors, without sacrificing substantially on value metrics. This combined with the manager s ability to make tactical allocations to cash is expected to provide downside protection to the Fund. This manager tends to underperform in strong trending markets, but successfully plays a defensive role in volatile down markets 20 Orbis Contrarian value A thematic value investor. Seeks to invest in shares of companies that trade at a significant discount to Orbis assessment of the intrinsic value of the business, which reside within unpopular sectors. Provides exposure to under-value businesses. May underperform in growth/positively trending markets. Provides retail clients with unique access to an institutional manager 15 Schroders A blend of quality and value Mid/Small Cap bias This portfolio is well diversified across a large number of holdings which display both quality and value characteristics of various strength through time. Aims to generate consistent returns over full market cycle. It may underperform in momentum driven market but should do well in most market environment. It forms part of the Fund s core allocation. 20 Total Well diversified to deliver consistent outperformance An implemented Model Portfolio approach, enhanced with access to managers that are not otherwise available to retail investors This portfolio can be expected to deliver attractive excess returns under most market conditions, but may lag somewhat during periods driven by aggressive momentum. 100

4 American Century American Century Global Growth Fund The Fund aims to outperform the MSCI World (ex-australia) Index in $A (net dividends reinvested) over a full market cycle. MSCI World (ex-australia) Index in $A (net dividends reinvested) American Century Global Growth is a fundamental growth strategy, seeking out companies with accelerating earnings growth whose earnings potential is underappreciated by the market. This strategy tends to do well when equity markets are driven by earnings rather than by non-fundamental influences such as short-term changes in investor risk tolerance or macroeconomic news. In markets where fundamentals are not rewarded, the strategy may underperform. The team is well resourced and is highly experienced. American Century is a growth manager with the investment philosophy that markets have been notoriously poor at spotting inflection points in the fundamental performance of companies as well as recognising the full magnitude of the likely improvement. Their focus is on identifying companies that are approaching a positive inflection point in their fundamentals and can be expected to significantly accelerate earning growth due to a variety of reasons including evolution in the market cycle, changes in the regulatory regime, technological advancement and new or enhance products. The manager employs a bottom-up investment approach seeking to identify companies with accelerating and sustainable improvements in growth and fundamentals. It seeks to exploit investors tendency to be slow in responding to the changes in business trajectories. The portfolio is managed by three portfolio managers, with over 18 years of investment experience. They are supported by eight sector analysts. The overall team is well resourced and appropriately structured, with a mix of skills and experience. American Century s strategy utilises a proprietary quantitative screen as part of its investment process to assist with idea generation. However, its key focus is on fundamental analysis with a dedicated team of analysts and significant emphasis placed on team collaboration across all of its investment professionals who all reside in New York. This strategy provides the Fund with exposures to growth, quality and momentum factors. We expect this strategy to generate superior returns over the longer term, particularly when the market is strong. It may underperform in weaker markets.

5 Arrowstreet Capital Arrowstreet Global Equity Fund The Arrowstreet Global Equity Fund aims to achieve a long-term total return (before fees and expenses) that exceeds the MSCI World ex Australia Index, in $A unhedged with net dividends reinvested (). MSCI World ex Australia Index, in $A unhedged with net dividends reinvested Arrowstreet adopts an active, quantitative investment approach that seeks to consistently outperform its benchmark through varying market conditions. Arrowstreet combines investment intuition with rigorous quantitative research in an effort to identify attractive stocks around the world. Please note: The strategy currently available on the platform is distributed by Macquarie Management which is slightly different to the strategy we utilise in the Specialist International Share Fund. Our strategy is managed to MSCI World ex Australia which is consistent with the Fund s benchmark. Arrowstreet believes the most valuable insights are derived from the information that is not obvious to the market, and that a well-constructed quantitative process, when applied to a broad universe, can add meaningful value from a large number of incremental bets. Arrowstreet is a core, long only quantitative strategy that aims to outperform the benchmark over a full market cycle. The strategy targets a diverse range of sources of alpha, with signals targeting value, momentum, quality, extreme sentiment. It aims to establish tactical, rather than systematic style tilts. This team comprises four senior investors who hold an overall responsibility for process design management and enhancement, and for establishing direction of research into market dynamics and quantitative signals to capture those dynamics. They are supported by nine quantitative investors/researchers, who are responsible for building and researching market signals. All have impressive backgrounds in academia and solid investment track records. Arrowstreet uses a sophisticated quantitative process, designed to deliver excess returns in a highly risk controlled manner. Stock forecasts are based upon a diverse set of predictive factors. In constructing the final portfolio, Arrowstreet uses an optimisation process to balance the trade-offs between a stock s expected returns of individual stocks and their contribution to portfolio risk. Additionally, the manager builds costs of trading considerations into their investment process. The strategy aims to generate consistent returns over full market cycles. However, the strategy may experience some periods of underperformance during rapid market turning points given its tilt towards momentum. These periods are likely to be short-term in nature. This strategy is a core allocation in the Specialist International Share Fund.

6 Magellan Magellan Global Fund The primary s of the Fund are to achieve attractive risk-adjusted returns over the medium to long-term, while reducing the risk of permanent capital loss. MSCI World Net TR Index Magellan Asset Management Limited employs a fundamental strategy that seeks to invest in companies with a sustainable competitive advantage trading below their intrinsic value whilst managing risk based on their proprietary macroeconomics assessment. The manager plays a defensive role in the portfolio. The Magellan Global Fund applies a long-term investment approach focused on capital preservation and absolute wealth accumulation. The Magellan Global Fund seeks to invest in outstanding companies at attractive prices, while exercising a deep understanding of the macroeconomic environment to manage investment risk. Magellan perceives outstanding companies to be those that are able to sustainably exploit competitive advantages in order to continually earn returns on capital that are materially in excess of their cost of capital. Magellan believes that an appropriately structured portfolio of 20 to 40 investments can provide sufficient diversification to ensure that investors are not overly correlated to any single company, industry-specific or macroeconomic risk. Magellan is focused on companies that have strong quality characteristics (in particular, low levels of gearing). These tend to be large cap stocks with low market beta. The Magellan Global Fund will invest in companies that have relatively high price-to-earnings and price-to-book multiples, provided that their businesses are outstanding and their shares are trading at an appropriate discount to their assessed intrinsic value. These tend to be large cap stocks with low market beta. The portfolio manager and investment team are well respected and highly regarded in the market. There are 33 people in the investment team who are all sector specialists. The portfolio manager is responsible for individual stock decisions and portfolio construction. Magellan selects stocks based on their view of a company s long term intrinsic value and their three year forecast of total shareholder return. The intrinsic value of each stock is derived through a three-stage discounted cash flow (DCF) valuation after in-depth industry analysis and detail company research. The portfolio construction is a portfolio manager driven, judgmental process. This manager can allocate up to 20% of the portfolio to cash. This strategy provides the Fund with exposure to quality and to stable growth factors, without sacrificing substantially on value metrics. This combined with the manager s ability to hold up to 20% in cash is expected to provide downside protection to the Fund. This manager tends to underperform in strong trending markets, but successfully plays a defensive role in volatile down markets.

7 Orbis Orbis Global Equity Fund The Fund seeks higher returns than the average of the world s equity markets, without greater risk of loss over the long term. MSCI World Index (net dividends reinvested) AUD Orbis is a value-focused contrarian investment manager. Orbis seeks to invest in shares of companies that trade at a significant discount to their assessment of the intrinsic value of the business, believing the share prices will eventually reflect intrinsic value. Orbis is prepared to be patient as an investor in these companies and prefers wide gaps between share price and intrinsic value as a margin of safety. Orbis believes that behavioural biases drive the investors to focus on short-term news rather than the long-term fundamentals. As a result, the share prices of companies can deviate significantly from their long-term intrinsic values. Orbis seeks to exploit these opportunities by applying a disciplined, bottom-up approach with thematic/sectoral insights, and in-depth company research. The manager believes that currency exposures present both risk and opportunities, so actively manages this in the portfolio. Orbis is best viewed as a contrarian thematic value style investor focusing on companies with strong balance sheets, whose share prices have struggled due to cyclical factors. Orbis prefer companies that are cheap based on book value but in some cases may appear expensive based on historical earnings ratios. These often reside within sectors that are impacted by negative cyclical factors or sentiment, but have clearly articulated and realistic catalysts for improvement. Most of these companies generally display good long term growth that the market has overlooked due to investors short term investment horizon. There are 47 investment analysts in the investment team including 7 senior portfolio managers. The investment analysts are divided by both countries and global sector line and they will generate ideas from the area they are responsible for. The investment process starts by applying a proprietary quantitative screening process. Only the stocks that meet the minimum liquidity requirements are included for further research. Quantitative screens will screen the companies based on four drivers of intrinsic value: earnings, dividends, revenue and tangible net assets per share. Analysts dive deep into the quality of management, company s competitive positioning, strength of balance sheet, ability to generate superior cash flows, earnings and dividends growth in prevailing economic environment. Separately, the manager actively manages currency exposures. The Specialist International Share Fund s allocation to Orbis provides thematic value exposure. Given its long-term focus, this strategy may experience volatility over the short term. While Value managers tend to deliver strong performance during market recovery periods, they often underperform in tough economic environments. Historically Orbis has been a little different producing good relative performance when overvalued (bubble like) markets decline even when this coincides with a weaker economic environment. Orbis is an institutional manager, thus the Specialist International Share Fund provides retail clients with unique access to a thematic contrarian, value expert, in addition to actively managed currency exposures.

8 Schroders Schroder QEP Global Blend Fund To generate long-term returns before fees in excess of traditional capitalisation weighted global equity indices. MSCI World ex Australia or MSCI AC World ex Australia for performance measurement purposes only Schroders QEP team employs a quantitative Blend strategy which is an actively managed, unconstrained Strategy that combines two fundamental return drivers which have historically outperformed over time but typically at different stages of the economic cycle: Value which aims to deliver higher long run returns and Quality which tends to perform strongly during periods of heightened risk aversion. The Global Blend portfolio is benchmark unaware with bottom-up stock selection to construct a highly diversified portfolio of typically over 400 stocks targeting a long term return before fees in excess of traditional capitalisation weighted global equity indices. Schroder Global Blend is an active, index-unconstrained strategy designed to deliver higher long-run returns with reduced stock-specific risk. Analysing a universe of over 15,000 companies, the QEP team constructs a highly diversified portfolio typically containing over 400 stocks. Stock selection for this strategy is grounded in the analysis of company fundamentals indicating Value and Quality, and portfolios will typically exhibit a style bias towards both of these factors. The advantage of investing in both Value and Quality is that, while both tend to outperform over time, they deliver their returns at different stages of the economic cycle, creating the potential for outperformance across a broad range of market environments. The portfolio is constructed based upon fundamentals by combining Value and Quality opportunities. The Value of a company is determined across measures of dividends, cash flow, earnings sales and assets. Quality is assessed using measures of Profitability, Stability and Financial Strength, as well as specialised balance sheet measures for Financials. The QEP team is comprised of 29 staff based in London, Sydney, New York and Hong Kong. The portfolio is managed by two seasoned and well regarded senior portfolio managers whose investment and technical skills and expertise are highly complementary. Schroders QEP invest from the broadest possible global universe of stocks while screening for sufficient liquidity to trade without undue market impact. We analyse the fundamentals of 15,000 companies every day from both developed and emerging markets and rank them in terms of their Value and Quality. These Value and Quality Ranks are then combined to create a Blend Rank. The QEP Team then selects stocks from the top third of the Blend Rank, focusing on stocks with a favourable combination of both Value and Quality. The team then decide how much of each stock to own by further assessing each company on additional fundamental factors, including management indicators and dividend history. Other considerations in scaling position sizes include measures of risk and also the liquidity and volatility of the stock (i.e. the likely market impact of trading it). Portfolio construction is bottom-up, driven by stock selection. Portfolio managers assess the portfolio every day and re-balance according to the opportunities available. QEP portfolio managers are responsible for controlling the overall risk budget of the fund, ensuring an efficient trade-off between potential risks and rewards. Exceptional diversification is one of the most important tools, maximising exposure to return opportunities access sectors, countries and market capitalisation while minimising stock-specific risk. Portfolio managers ensure that the portfolio is sufficiently diversified, typically invested across in excess of 400 stocks. Portfolio managers implement every trade decision and as experienced investors, provide an important overlay in terms of awareness of future opportunities and risks in global markets. The strategy aims to generate consistent returns over full market cycle. It may underperform in a momentum driven market but should do well in most market environments. It forms part of the Fund s core exposure, and provides it with an access to quality value opportunities and to the smaller end of the market.

9 Important note The information in this presentation is provided only for the use of advisers/financial planners; it is not intended for investors. The adviser/financial planner remains responsible for any advice/services they provide to clients including making their own inquiries and ensuring that the advice/services are appropriate and in accordance with all legal requirements. Therefore, advisers/planners must not attribute any advice/service to AMP Capital Investors Limited (ABN , AFSL )(AMP Capital) or in any way suggest that AMP Capital or any member of the AMP Capital Group is the author of any part of that advice/service. AMP Capital Funds Management Limited (ABN ) (AFSL ) (AMPCFM) is the responsible entity and issuer of units in the Specialist International Share Fund (Fund). To invest in the Fund, investors will need to obtain the current Product Disclosure Statement (PDS) from AMP Capital. The PDS contains important information about investing in each Fund and it is important that investors read the PDS before making a decision about whether to acquire, or continue to hold or dispose of units in the Funds. Neither AMP Capital, AMPCFM nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this document. While every care has been taken in the preparation of this document, AMP Capital makes no representation or warranty as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. This document has been prepared for the purpose of providing general information, without taking account of any particular investor s s, financial situation or needs. An investor should, before making any investment decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to the investor s s, financial situation and needs. Each of the managers listed in this document has consented to the inclusion of, and the statements contained in, the relevant manager profile in this document.

Specialist Diversified Fixed Income Fund

Specialist Diversified Fixed Income Fund Specialist Diversified Fixed Income Fund Manager Profile January 2016 Adviser use only Investment Process Specialist Diversified Fixed Income Fund Investment process for this Fund is structured in the

More information

MYNORTH RETIREMENT FUND

MYNORTH RETIREMENT FUND MYNORTH RETIREMENT FUND MyNorth Retirement Fund is a diversified investment solution designed and managed specifically with retirees needs in mind. The Fund leverages AMP Capital Multi-Asset Group capability

More information

OnePath Australian Shares

OnePath Australian Shares OnePath Australian Shares Fund overview OnePath Australian Shares gives you access to a diverse portfolio of shares in companies listed on the Australian Securities Exchange (ASX). About the manager UBS

More information

Specialist Funds. Product Disclosure Statement Platform

Specialist Funds. Product Disclosure Statement Platform Specialist Funds Product Disclosure Statement Platform Issued 1 July 2014 Issued by AMP Capital Funds Management Limited ABN 15 159 557 721 AFSL 426455 Specialist Funds Issued 1 July 2014 Issuer and responsible

More information

Schroder Institutional Series Product Disclosure Statement. Dated 1 February 2011

Schroder Institutional Series Product Disclosure Statement. Dated 1 February 2011 Dated 1 February 2011 Contents Schroder Investment Management Australia Limited ABN 22 000 443 274 Australian Financial Services Licence 226473 2 Important notes 3 About Schroders 4 At a glance 5 Fund

More information

Dated 28 July Issuer: Macquarie Investment Management Limited ABN AFS Licence Number

Dated 28 July Issuer: Macquarie Investment Management Limited ABN AFS Licence Number MACQUARIE FUNDS GROUP WHOLESALE POOLED FUNDS - CASH AND FIXED income Information memorandum Dated 28 July 2009 Issuer: Macquarie Investment Management Limited ABN 66 002 867 003 AFS Licence Number 237492

More information

MARTIN CURRIE AUSTRALIA MICROCAP

MARTIN CURRIE AUSTRALIA MICROCAP STRATEGY INSIGHT FEBRUARY 2016 FOR PROFESSIONAL CLIENTS ONLY The Martin Currie Australia MicroCap strategy aims to provide exposure to high-quality micro caps: emerging companies that are growing faster

More information

T. Rowe Price Global Equity Fund Currently Recommended

T. Rowe Price Global Equity Fund Currently Recommended T. Rowe Price Global Equity Fund Currently Recommended 10 May 2013 Fund Facts and Features Fund Details APIR Code ETL0071AU Asset Class Global Equities Style Fundamental Active Growth Fund Size $510m Fee

More information

AMP Capital Wholesale Australian Bond Fund

AMP Capital Wholesale Australian Bond Fund AMP Capital Wholesale Australian Bond Fund Access top quality government bonds from a well-diversified, actively managed portfolio. The AMP Capital Wholesale Australian Bond Fund ( the Fund ) offers: >

More information

SOLUTIONS RANGE. Authorised Financial Services Provider (FSP 612)

SOLUTIONS RANGE. Authorised Financial Services Provider (FSP 612) SOLUTIONS RANGE Authorised Financial Services Provider (FSP 612) MONEY MARKET AND ENHANCED YIELD FUNDS Money Market The fund aims to achieve returns above the STefI Call Index, while minimising the risk

More information

Diversified Growth Fund

Diversified Growth Fund Diversified Growth Fund A Sophisticated Approach to Multi-Asset Investing Introduction The Trustee of the NOW: Pensions Scheme has appointed NOW: Pensions Investment A/S Fondsmæglerselskab A/S as Investment

More information

AMP Capital Asian Equity Growth Fund

AMP Capital Asian Equity Growth Fund Dated: 23 June 2010 Issued by AMP Capital Investors Limited ABN 59 001 777 591 AFSL 232497 Product Disclosure Statement For investments through a master trust or wrap platform Contents About AMP Capital

More information

Tempo Global Currency Fund

Tempo Global Currency Fund Tempo Global Currency Fund ASIC Benchmarks and Disclosure Principles Report 31 March 2017 This ASIC Benchmarks and Disclosure Principles Report (Report) provides specific information in relation to the

More information

PORTFOLIO INSIGHTS DESIGNING A SMART ALTERNATIVE APPROACH FOR INVESTING IN AUSTRALIAN SMALL COMPANIES. July 2018

PORTFOLIO INSIGHTS DESIGNING A SMART ALTERNATIVE APPROACH FOR INVESTING IN AUSTRALIAN SMALL COMPANIES. July 2018 Financial adviser/ wholesale client use only. Not for distribution to retail clients. Until recently, investors seeking to gain a single exposure to a diversified portfolio of Australian small companies

More information

AMP Capital Global Property Securities Fund

AMP Capital Global Property Securities Fund AMP Capital Global Property Securities Fund Dated: 8 September 2010 Issued by AMP Capital Investors Limited ABN 59 001 777 591 AFSL 232497 Product Disclosure Statement For investments through a master

More information

UBS Investment Funds. Supplementary No. 1

UBS Investment Funds. Supplementary No. 1 Supplementary No. 1 UBS Investment Funds Product Disclosure Statement Issue No. 7, dated 28 April 2010 Offered by UBS Global Asset Management (Australia) Ltd ABN 31 003 146 290 AFS Licence No. 222605 Important

More information

STRATEGY OVERVIEW EMERGING MARKETS LOW VOLATILITY ACTIVE EQUITY STRATEGY

STRATEGY OVERVIEW EMERGING MARKETS LOW VOLATILITY ACTIVE EQUITY STRATEGY STRATEGY OVERVIEW EMERGING MARKETS LOW VOLATILITY ACTIVE EQUITY STRATEGY A COMPELLING OPPORTUNITY For many years, the favourable demographics and high economic growth in emerging markets (EM) have caught

More information

For professional investors or advisers only. Schroders. Defined Contribution Services. Advanced. pension products

For professional investors or advisers only. Schroders. Defined Contribution Services. Advanced. pension products For professional investors or advisers only Schroders Defined Contribution Services Advanced pension products Experience and advanced thinking Schroders has significant experience of managing DC assets

More information

AB Concentrated Global Growth Equities portfolio

AB Concentrated Global Growth Equities portfolio AB Concentrated Global Growth Equities portfolio 8 March 2017 About this Managed Portfolio Disclosure Document This Managed Portfolio Disclosure Document (Disclosure Document) has been prepared and issued

More information

AMP MySuper. A lifecycle investment solution 31 DECEMBER 2017 QUARTERLY REPORT FOR EMPLOYERS AND ADVISERS

AMP MySuper. A lifecycle investment solution 31 DECEMBER 2017 QUARTERLY REPORT FOR EMPLOYERS AND ADVISERS 31 DECEMBER 2017 QUARTERLY REPORT FOR EMPLOYERS AND ADVISERS AMP MySuper A lifecycle investment solution All fund returns are quoted post fees and taxes AMP MYSUPER 1 Contents Message from your fund manager

More information

Supplementary Product Disclosure Statement

Supplementary Product Disclosure Statement Supplementary Product Disclosure Statement Dated 24 March 2011 This is a Supplementary Product Disclosure Statement ( SPDS ) to the Product Disclosure Statement for A selection of managed investments (including

More information

North Professional Series

North Professional Series North Professional Series Product Disclosure Statement Issue number 5 Issued 29 September 2017 Issued by ipac asset management limited ABN 22 003 257 225, AFSL 234655 Registered trademark of National Mutual

More information

FIDUCIAN Global Smaller FUND ARSN

FIDUCIAN Global Smaller FUND ARSN PRODUCT DISCLOSURE STATEMENT FIDUCIAN Global Smaller Companies & EmerginG Markets FUND ARSN 093 543 849 30 SEPTEMBER 2017 This Product Disclosure Statement (PDS) provides a summary of significant information

More information

ishares Enhanced Strategic Balanced Portfolio 01 November 2017

ishares Enhanced Strategic Balanced Portfolio 01 November 2017 ishares Enhanced Strategic Balanced Portfolio 01 November 2017 About this Managed Portfolio Disclosure Document This Managed Portfolio Disclosure Document (Disclosure Document) has been prepared and issued

More information

MANAGED ACCOUNT MODEL PORTFOLIO GUIDE. 29 March 2018

MANAGED ACCOUNT MODEL PORTFOLIO GUIDE. 29 March 2018 MANAGED ACCOUNT MODEL PORTFOLIO GUIDE 29 March 2018 This Managed Account Model Portfolio Guide must not be distributed without a corresponding copy of the Direct Investing Guide of which this document

More information

ishares Enhanced Strategic Aggressive Portfolio Issue date: 01 April 2019

ishares Enhanced Strategic Aggressive Portfolio Issue date: 01 April 2019 ishares Enhanced Strategic Aggressive Portfolio Issue date: 01 April 2019 About this Managed Portfolio Disclosure Document This Managed Portfolio Disclosure Document (Disclosure Document) has been prepared

More information

Vanguard Global Value Equity Fund Vanguard Global Minimum Volatility Fund Vanguard Global Quantitative Equity Fund Vanguard Managed Payout Fund

Vanguard Global Value Equity Fund Vanguard Global Minimum Volatility Fund Vanguard Global Quantitative Equity Fund Vanguard Managed Payout Fund Product Disclosure Statement 1 November 2018 Vanguard Global Value Equity Fund Vanguard Global Minimum Volatility Fund Vanguard Global Quantitative Equity Fund Vanguard Managed Payout Fund This Product

More information

Market Insights. The Benefits of Integrating Fundamental and Quantitative Research to Deliver Outcome-Oriented Equity Solutions.

Market Insights. The Benefits of Integrating Fundamental and Quantitative Research to Deliver Outcome-Oriented Equity Solutions. Market Insights The Benefits of Integrating Fundamental and Quantitative Research to Deliver Outcome-Oriented Equity Solutions Vincent Costa, CFA Head of Global Equities Peg DiOrio, CFA Head of Global

More information

Investment Capabilities

Investment Capabilities Investment Capabilities Global Equities Solutions April 2017 This communication is for investment professionals only and should not be distributed to or relied upon by retail clients. It is only intended

More information

Concentrated Income Equities Strategy

Concentrated Income Equities Strategy Concentrated Income Equities Strategy September 2010 Strategy Overview Objective eqr Securities in conjunction with BT Financial Group equities research provides strategic equities investment support in

More information

Optimising Asset Allocation with Exchange Traded Funds (ETFs)

Optimising Asset Allocation with Exchange Traded Funds (ETFs) Optimising Asset Allocation with Exchange Traded Funds (ETFs) Well-informed investors are discovering what institutional investors have long understood: asset allocation, not security selection, is the

More information

Product Disclosure Statement 2 October 2010

Product Disclosure Statement 2 October 2010 MLC Navigator Access Investment Options Product Disclosure Statement 2 October 2010 N A V I G A T O R Disclaimer This Product Disclosure Statement ( PDS ) is issued by Navigator Australia Limited ABN 45

More information

Investment report. Products issued by AMP Superannuation Limited January Standard Risk Measure. Notes. Contents. About the Standard Risk Measure

Investment report. Products issued by AMP Superannuation Limited January Standard Risk Measure. Notes. Contents. About the Standard Risk Measure report Products issued by AMP Superannuation Limited January 17 SignatureSuper SignatureSuper Select SignatureSuper Allocated Pension CustomSuper SuperLeader Flexible Lifetime Super AMP Flexible Super

More information

PORTFOLIO CONSTRUCTION

PORTFOLIO CONSTRUCTION PORTFOLIO CONSTRUCTION The portfolio construction process involves a full understanding of your needs and objectives and matching an investment strategy with your particular circumstances to minimise the

More information

Morningstar Investment Management

Morningstar Investment Management Morningstar Investment Management Investment Solutions Morningstar offers both Managed Funds and Managed Accounts so you can choose the option that best helps you achieve your financial goals. Morningstar

More information

Lonsec Managed Portfolio Growth

Lonsec Managed Portfolio Growth Lonsec Managed Portfolio Growth 20 March 2017 About this Managed Portfolio Disclosure Document This Managed Portfolio Disclosure Document (Disclosure Document) has been prepared and issued by HUB24 Custodial

More information

AMP Capital Corporate Bond Fund

AMP Capital Corporate Bond Fund AMP Capital Corporate Bond Fund Dated: 24 February 2011 Issued by AMP Capital Investors Limited ABN 59 001 777 591 AFSL 232497 Product Disclosure Statement For investments through a master trust or wrap

More information

Templeton Emerging Markets Smaller Companies Fund

Templeton Emerging Markets Smaller Companies Fund Franklin Templeton Investment Funds Templeton Emerging Markets Smaller Companies Fund Core Value Fund Profile Fund Details Inception Date 18 October 2007 Investment Style Benchmark(s) Core Value MSCI Emerging

More information

Seeking higher returns or lower risk through ETFs

Seeking higher returns or lower risk through ETFs Seeking higher returns or lower risk through ETFs BROUGHT TO YOU BY: Contents Seeking higher returns or lower risk through ETFs Factors and the rise of smart beta Reducing risk through smart beta strategies

More information

Russell Investments Emerging Markets Equity Fund

Russell Investments Emerging Markets Equity Fund Russell Investments Emerging Markets Equity Fund Seizing the full range of emerging opportunities FOR PROFESSIONAL CLIENTS ONLY Fund objective The Fund aims to deliver strong and consistent excess returns

More information

imed Managed Portfolios

imed Managed Portfolios TM A BETTER WAY TO invest imed Managed Portfolios ISSUE DATE: MAY 2018 About this Managed Portfolio Disclosure Document Issuer and Trustee This Managed Portfolio Disclosure Document (Disclosure Document)

More information

SEI UK Equity Fund Quarter 4, 2008

SEI UK Equity Fund Quarter 4, 2008 Benchmark FTSE Actuaries All Share Index Base Currency GBP Currencies Available USD, EUR, GBP Fund Complex SEI Global Master Fund PLC SEI UK Equity Fund Quarter 4, 2008 SEI MANAGER OF MANAGERS PHILOSOPHY

More information

ROGER MONTGOMERY. Inside The Montgomery Fund Returns Whitepaper by Scott Phillips, Head of Distribution

ROGER MONTGOMERY. Inside The Montgomery Fund Returns Whitepaper by Scott Phillips, Head of Distribution ROGER MONTGOMERY Re-inventing the way you invest APRIL 2016 Inside The Montgomery Fund Returns Whitepaper by Scott Phillips, Head of Distribution The Montgomery Fund has produced after-fees returns superior

More information

Principal Global Investors. Investment expertise with a purpose

Principal Global Investors. Investment expertise with a purpose Principal Global Investors Investment expertise with a purpose 1 Whether you re investing personally or on behalf of your business, you want an investment manager who empowers you to reach your financial

More information

Harbour Investment Funds Statement of Investment Policy & Objectives (SIPO)

Harbour Investment Funds Statement of Investment Policy & Objectives (SIPO) Harbour Investment Funds Statement of Investment Policy & Objectives (SIPO) Issued by Harbour Asset Management Limited 19 June 2017 This document replaces the SIPO dated 21 st September 2016 1 HARBOUR

More information

GLOBAL INFRASTRUCTURE FUND

GLOBAL INFRASTRUCTURE FUND GLOBAL INFRASTRUCTURE FUND Money Manager and Russell Investments Overview March 2019 Russell Investments approach Russell Investments uses a multi-asset approach to investing, combining asset allocation,

More information

Nasdaq Chaikin Power US Small Cap Index

Nasdaq Chaikin Power US Small Cap Index Nasdaq Chaikin Power US Small Cap Index A Multi-Factor Approach to Small Cap Introduction Multi-factor investing has become very popular in recent years. The term smart beta has been coined to categorize

More information

Are you thinking about international investments?

Are you thinking about international investments? 1 Are you thinking about international investments? FIND OUT MORE Navigate by Glacier International 2 Glacier International Glacier International offers you the opportunity to invest in a wide selection

More information

STRATEGY INSIGHT EUROPEAN LONG/SHORT

STRATEGY INSIGHT EUROPEAN LONG/SHORT STRATEGY INSIGHT EUROPEAN LONG/SHORT FEBRUARY 2018 FOR PROFESSIONAL CLIENTS ONLY In today s markets, investors are increasingly seeking greater stability in returns and managed volatility as well as an

More information

Information Booklet on investment options. Zurich Superannuation Plan and Zurich Account-Based Pension

Information Booklet on investment options. Zurich Superannuation Plan and Zurich Account-Based Pension Information Booklet on investment options Zurich Superannuation Plan and Zurich Account-Based Pension Issue date: 1 July 213 Important notes Preparation date: 4 June 213 This document is the Zurich Superannuation

More information

USE EVERY ASSET CLASS TO YOUR ADVANTAGE

USE EVERY ASSET CLASS TO YOUR ADVANTAGE FOR PROFESSIONAL CLIENTS / QUALIFIED INVESTORS ONLY NOT FOR RETAIL USE OR DISTRIBUTION. USE EVERY ASSET CLASS TO YOUR ADVANTAGE J.P. Morgan Asset Management Multi-Asset Solutions Our multi-asset strategies

More information

Lonsec Managed Portfolio Balanced Issue date: 26 May 2017

Lonsec Managed Portfolio Balanced Issue date: 26 May 2017 Lonsec Managed Portfolio Balanced Issue date: 26 May 2017 About this Managed Portfolio Disclosure Document This Managed Portfolio Disclosure Document (Disclosure Document) has been prepared and issued

More information

Tempo Global Currency Fund. Product Disclosure Statement 30 September 2017

Tempo Global Currency Fund. Product Disclosure Statement 30 September 2017 Tempo Global Currency Fund Product Disclosure Statement 30 September 2017 Tempo Global Currency Fund ARSN 616 320 944 APIR HOW8072AU Responsible Entity Fidante Partners Limited ABN 94 002 835 592 AFSL

More information

Investment Policy Statement

Investment Policy Statement Investment Policy Statement Contents Introduction 1 Implementing the investment strategy 5 Roles and responsibilities 1 Risk management 6 Investment mission & beliefs 2 Monitoring and reviewing the investment

More information

Schroder International Small Cap Equity

Schroder International Small Cap Equity Schroder International Small Cap Equity Strategy Overview Summary Firm highlights Team highlights Founded in 1804, with a strong family presence to this day Asset management is our main business Over 700

More information

Reasons Why Document

Reasons Why Document October 2016 Review prepared by Morningstar Investment Management Europe 1 Oliver s Yard, 55-71 City Road, London EC1Y 1HQ Example Portfolios for Tenet Growth Reasons Why Document Contents 2 Contents...

More information

Video: GIC Wealth Management Perspectives

Video: GIC Wealth Management Perspectives GLOBAL INVESTMENT COMMITTEE FEB.8, 2017 Video: GIC Wealth Management Perspectives Video: The Case for Active Management A new video takes a deep dive into the drivers of recent Active Manager underperformance

More information

Asgard Employee Super Account - Ernst & Young

Asgard Employee Super Account - Ernst & Young Asgard Employee Super Account - Ernst & Young Part Investment Additional Information Booklet Part Investment Issued: July 7 About this Additional Information Booklet This document is Part of the Additional

More information

Separately Managed Account Product Disclosure Statement

Separately Managed Account Product Disclosure Statement Separately Managed Account Product Disclosure Statement Preparation date 1 May 2015 Issued by Navigator Australia Limited (NAL) ABN 45 006 302 987 AFSL 236466 This information is general and doesn t take

More information

HSBC OpenFunds Investment without Frontiers A guide to blending managers

HSBC OpenFunds Investment without Frontiers A guide to blending managers HSBC OpenFunds Investment without Frontiers A guide to blending managers July 2013 For professional clients only The blending process strengthens the risk framework of the portfolio as successfully combining

More information

QUEST AUSTRALIAN EQUITIES PORTFOLIOS

QUEST AUSTRALIAN EQUITIES PORTFOLIOS M A S O N S T E V E N S M A N A G E D A C C O U N T S QUEST AUSTRALIAN EQUITIES PORTFOLIOS INVESTMENT MANDATE 11 MAY 2018 MASON STEVENS LIMITED ACN 141 447 207 AFSL 351578 MANAGED DISCRETIONARY ACCOUNT(MDA)

More information

Get active with Vanguard factor ETFs

Get active with Vanguard factor ETFs Get active with Vanguard factor ETFs Factor investing has gained attention in recent years, in part because of the rise of alternatively weighted indexes and smart-beta products. Yet factor investing has

More information

Equity Investing T. ROWE PRICE S GLOBAL STOCK FUND

Equity Investing T. ROWE PRICE S GLOBAL STOCK FUND FUND SPOTLIGHT November 2017 In-depth analysis and insights to inform your decision-making. Equity Investing T. ROWE PRICE S GLOBAL STOCK FUND David Eiswert Portfolio Manager, Global Stock Fund EXECUTIVE

More information

Portfolio Report. AMS Balanced Fund. Report data as at 31 May 2018 Portfolio inception Nov 2014

Portfolio Report. AMS Balanced Fund. Report data as at 31 May 2018 Portfolio inception Nov 2014 Portfolio Report Report data as at 31 May 2018 Portfolio inception Nov 2014 AMS Balanced Fund Portfolio Objective The investment objective of the AMS Balanced Fund is to provide returns (before fees and

More information

Can Behavioral Factors Improve Tactical Performance?

Can Behavioral Factors Improve Tactical Performance? Can Behavioral Factors Improve Tactical Performance? More and more, Financial Advisors agree that portfolios with a tactical tilt provide increased asset allocation flexibility that can improve returns

More information

Investment Manager Guide

Investment Manager Guide Manager Guide Sandhurst Trustees Limited (Sandhurst) aims to create wealth for investors by investing either directly in the market or indirectly through underlying managed investment schemes managed by

More information

Schroder US Small Cap Equity

Schroder US Small Cap Equity Schroder US Small Cap Equity Strategy Overview Summary Firm highlights The Schroder US Small Cap Equity Strategy is a bottom-up, fundamental and researchbased approach. The portfolio manager and analysts

More information

U.S. Dynamic Equity Fund Money Manager and Russell Investments Overview April 2017

U.S. Dynamic Equity Fund Money Manager and Russell Investments Overview April 2017 Money Manager and Russell Investments Overview April 2017 RUSSELL INVESTMENTS APPROACH Russell Investments uses a multi-asset approach to investing, combining asset allocation, manager selection and dynamic

More information

Annual Returns: S&P 500 vs. ACWI ex-u.s. (Global Equities outside U.S.)

Annual Returns: S&P 500 vs. ACWI ex-u.s. (Global Equities outside U.S.) 2015 Strategy Review Tactical Growth (Managed ETFs) December 31, 2015 The following report provides in-depth analysis into the successes and challenges of Tactical Growth throughout 2015, important research

More information

Australian Equities WE SEEK QUALITY, PURE AND SIMPLE.

Australian Equities WE SEEK QUALITY, PURE AND SIMPLE. PRICE POINT May 2017 Timely intelligence and analysis for our clients. Australian Equities WE SEEK QUALITY, PURE AND SIMPLE. KEY POINTS Randal Jenneke, Head of Australian Equities The DNA of what we do

More information

Russell Investments China Equity Fund

Russell Investments China Equity Fund Russell Investments China Equity Fund The most comprehensive way to capture opportunities in China FOR PROFESSIONAL CLIENTS ONLY Fund objective The Fund aims to achieve long term capital appreciation by

More information

The HSBC Global Investment Funds Menu

The HSBC Global Investment Funds Menu The HSBC Global Investment Funds Menu Your Selection Simplified July 2012 For professional clients only www.globalfunds.hsbc.com This Fund Menu provides an overview of HSBC Global Investment Funds and

More information

31 MARCH 2014 QUARTERLY REPORT FOR EMPLOYERS AND ADVISERS. AMP MySuper. A lifecycle investment solution 1 //

31 MARCH 2014 QUARTERLY REPORT FOR EMPLOYERS AND ADVISERS. AMP MySuper. A lifecycle investment solution 1 // 31 MARCH 2014 QUARTERLY REPORT FOR EMPLOYERS AND ADVISERS A lifecycle investment solution 1 // Contents Message from your fund manager 3 1990s 4 1980s 6 1970s 8 1960s 10 1950s 12 Capital Stable 14 Currency

More information

MLC Horizon 3. The conservative growth portfolio. MLC Investments. MLC Horizon. MLC Horizon. MLC Horizon. MLC Horizon. MLC Horizon

MLC Horizon 3. The conservative growth portfolio. MLC Investments. MLC Horizon. MLC Horizon. MLC Horizon. MLC Horizon. MLC Horizon MLC Investments 3 The conservative growth portfolio 50% Growth assets 1 shares, private markets, property securities, long-term absolute return strategy 50% Debt securities 1 nominal bonds, inflation linked

More information

MODEL WEALTH PORTFOLIOS. focus on. your future. LPL Financial Research

MODEL WEALTH PORTFOLIOS. focus on. your future. LPL Financial Research focus on your future LPL Financial Research Your Strategic Partner: LPL Financial Research Our Approach Your investment strategist consists of seasoned and accomplished industry veterans, comprising one

More information

AMP Capital Enhanced Yield Fund

AMP Capital Enhanced Yield Fund AMP Capital Enhanced Yield Fund Dated: 12 September 2008 Issued by AMP Capital Investors Limited ABN 59 001 777 591 AFSL 232497 Product Disclosure Statement For wholesale investors Dated 28 November 2008

More information

Multi-asset capability Connecting a global network of expertise

Multi-asset capability Connecting a global network of expertise Multi-asset capability Connecting a global network of expertise For Professional Clients only Solutions aligned with investors' needs We have over 25 years of experience designing multi-asset solutions

More information

Schroders Global Equity Solutions for Defined Contribution

Schroders Global Equity Solutions for Defined Contribution August 2011 For professional investors and advisors only. Not suitable for retail clients. Schroders Global Equity Solutions for Defined Contribution Global Equity Solutions Active vs passive Why active

More information

The Case for Growth. Investment Research

The Case for Growth. Investment Research Investment Research The Case for Growth Lazard Quantitative Equity Team Companies that generate meaningful earnings growth through their product mix and focus, business strategies, market opportunity,

More information

CURRENCY MANAGEMENT SOLUTIONS

CURRENCY MANAGEMENT SOLUTIONS FOR PROFESSIONAL CLIENTS ONLY. NOT TO BE REPRODUCED WITHOUT PRIOR WRITTEN APPROVAL. PLEASE REFER TO ALL RISK DISCLOSURES AT THE BACK OF THIS DOCUMENT. CURRENCY MANAGEMENT SOLUTIONS AUGUST 2017 > Currency

More information

QEP Global Equity Team, Schroder Investment Management Australia Ltd

QEP Global Equity Team, Schroder Investment Management Australia Ltd Schroders Smart Beta QEP Global Equity Team, Schroder Investment Management Australia Ltd Executive summary Smart beta may be the latest trend in the investment community but the concept is far from revolutionary.

More information

March Company meetings (last year Antares analysts made over 600 meetings with companies) General reading and research.

March Company meetings (last year Antares analysts made over 600 meetings with companies) General reading and research. March 2018 Typically over 100% of alpha in Antares portfolios is from stock selection. Our approach is, and always has been, bottom-up stock picking. A consistent process and detailed, quality research

More information

Standard Risk Measures

Standard Risk Measures Standard Risk Measures June 2017 This paper provides the Standard Risk Measure for Schroder Investment Management Australia Limited s ( Schroders ) key funds. The Standard Risk Measure is based on industry

More information

JR Superannuation Fund investment guide (JRS.01)

JR Superannuation Fund investment guide (JRS.01) Issued: 1 January 2014 JR Superannuation Fund investment guide (JRS.01) Contents What to consider when investing... 2 What investment options can you choose?... 3 Managing risk through diversification...

More information

STRATEGY INSIGHT JAPAN LONG/SHORT

STRATEGY INSIGHT JAPAN LONG/SHORT STRATEGY INSIGHT JAPAN LONG/SHORT FEBRUARY 2018 FOR PROFESSIONAL CLIENTS ONLY In today s markets, investors are increasingly seeking greater stability in returns and managed volatility as well as a focus

More information

Low Correlation Strategy Investment update to 31 March 2018

Low Correlation Strategy Investment update to 31 March 2018 The Low Correlation Strategy (LCS), managed by MLC s Alternative Strategies team, is made up of a range of diversifying alternative strategies, including hedge funds. A distinctive alternative strategy,

More information

CORESHARES SCIENTIFIC BETA MULTI-FACTOR STRATEGY HARVESTING PROVEN SOURCES OF RETURN AT LOW COST: AN ACTIVE REPLACEMENT STRATEGY

CORESHARES SCIENTIFIC BETA MULTI-FACTOR STRATEGY HARVESTING PROVEN SOURCES OF RETURN AT LOW COST: AN ACTIVE REPLACEMENT STRATEGY CORESHARES SCIENTIFIC BETA MULTI-FACTOR STRATEGY HARVESTING PROVEN SOURCES OF RETURN AT LOW COST: AN ACTIVE REPLACEMENT STRATEGY EXECUTIVE SUMMARY Smart beta investing has seen increased traction in the

More information

Fund Guide. Emerging Market Debt Unconstrained Fund. August 2016

Fund Guide. Emerging Market Debt Unconstrained Fund. August 2016 Fund Guide Emerging Market Debt Unconstrained Fund August 2016 This document is for investment professionals only and should not be distributed to or relied upon by retail Usage statementclients. It is

More information

Portfolio construction: The case for small caps. by David Wanis, Senior Portfolio Manager, Smaller Companies

Portfolio construction: The case for small caps. by David Wanis, Senior Portfolio Manager, Smaller Companies For professional investors only Schroders Portfolio construction: The case for small caps by David Wanis, Senior Portfolio Manager, Smaller Companies Looking solely at passive returns available to investors

More information

North Carolina. Performance Evaluation Report. Fourth Quarter 2017

North Carolina. Performance Evaluation Report. Fourth Quarter 2017 North Carolina Performance Evaluation Report Fourth Quarter 207 Performance Summary - Quarter in Review 2 NC CURRENT INVESTMENT STRUCTURE Tier I Target Date Funds Tier II - A Passive Core Options Tier

More information

Building an Income Portfolio: Time for a New Approach?

Building an Income Portfolio: Time for a New Approach? Building an Income Portfolio: Time for a New Approach? With market volatility and low interest rates set to persist for some time, investors may have to rethink their income strategy to adapt to this new

More information

AMP CAPITAL GLOBAL PROPERTY SECURITIES FUND (UNHEDGED) (Managed Fund)

AMP CAPITAL GLOBAL PROPERTY SECURITIES FUND (UNHEDGED) (Managed Fund) AMP CAPITAL GLOBAL PROPERTY SECURITIES FUND (UNHEDGED) (Managed Fund) Product Disclosure Statement ASX Code: RENT ARSN: 609 155 606 Dated: 13 May 2016 Issuer and Responsible Entity: BetaShares Capital

More information

Arrowstreet Global Equity Fund

Arrowstreet Global Equity Fund MACQUARIE PROFESSIONAL SERIES Product Disclosure Statement 2 July 208 of 8 Arrowstreet Global Equity Fund Product Disclosure Statement 2 July 208 Contents. About Macquarie Investment Management Australia

More information

Product Disclosure Statement

Product Disclosure Statement Product Disclosure Statement Dated 2 August 2010 A selection of managed investments Goldman Sachs Core Plus Australian Fixed Income Fund Goldman Sachs Australia Quantitative Equity Fund Goldman Sachs Global

More information

Katana Australian Equity Fund

Katana Australian Equity Fund Product Disclosure Statement Katana Australian Equity Fund ARSN: 602 782 543 AFSL: 288412 DATED: 26 September 2016 1 About Katana Asset Management Ltd Contents page 1 About Katana Asset Management Ltd

More information

AMP Capital Core Infrastructure Fund

AMP Capital Core Infrastructure Fund Dated: 21 June 2010 Issued by AMP Capital Investors Limited ABN 59 001 777 591 AFSL 232497 Product Disclosure Statement For investments through a master trust or wrap platform Dated 16 December 2010 Issued

More information

ASTUTE SMA PLATFORM. Approved Product List. Dated 22 December 2015

ASTUTE SMA PLATFORM. Approved Product List. Dated 22 December 2015 ASTUTE SMA PLATFORM Approved Product List Dated 22 December 2015 This Approved Product List is issued by Praemium Australia Limited (ABN 92 117 611 784, AFSL 297956). The information in this document forms

More information

Legg Mason mfunds A NEW WAY TO ACCESS MANAGED FUNDS

Legg Mason mfunds A NEW WAY TO ACCESS MANAGED FUNDS Legg Mason mfunds A NEW WAY TO ACCESS MANAGED FUNDS Q4 2016 THE BUILDING BLOCKS OF INVESTMENT EXCELLENCE The Legg Mason way Legg Mason is one of the world s leading asset managers and is dedicated solely

More information

ETF s Top 5 portfolio strategy considerations

ETF s Top 5 portfolio strategy considerations ETF s Top 5 portfolio strategy considerations ETFs have grown substantially in size, range, complexity and popularity in recent years. This presentation and paper provide the key issues and portfolio strategy

More information