State Super Financial Services (SSFS) has awarded Colonial First State-linked Acadian Asset Management with a $90 million emerging markets managed volatility mandate.
SSFS, the financial planning arm of State Super, said the strategy aims to provide equity-like returns from emerging markets but with significantly less risk than capitalisation-weighted indices.
Acadian has managed a global managed volatility mandate for SSFS since October 2012 while Acadian’s joint venture business in Australia has managed an Australian managed volatility mandate for SSFS since February 2013, a statement said.
SSFS chief executive Damien Graham said the Acadian mandate is aligned with SSFS’ strategic goal of selecting investment products that deliver returns that are specific to SSFS clients’ needs.
“As part of our ongoing commitment to ensure that our portfolios are robust, we believe that a managed volatility approach to emerging markets reduces risk without sacrificing the benefits and long-term gains we expect from this asset class,” said Mr Graham.
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