Colonial First State has struck a deal with South Africa-based financial services company Sanlam so it can distribute its managed risk funds in Australia.
Sanlam will overlay its active risk management strategy to three new Colonial First State index funds – the Sanlam Risk Australian Share Fund, the Sanlam Managed Risk Global Share fund, and the Sanlam Managed Risk Multi-Index High Growth fund.
Colonial First State general manager of product and investments Peter Chun said Sanlam’s managed risk strategy was suited to retirees and their advisers, allowing them to “respond to challenges of a low interest rate environment”.
“Sanlam’s managed risk strategy is designed to help minimise the impact of major market declines by reducing clients’ exposure to equities in falling markets, while allowing participation in rising markets,” Mr Chun said.
The funds will be available on Colonial First State's FirstChoice platform and are expected to be available on the FirstWrap platform from June.
Sanlam Global Investments Solutions chief executive, Cobus Kruger, said Sanlam was pleased to establish a presence in Australia.
“Australians can now leverage a strategy that addresses market, liquidity and sequencing risks and relieve some of their fear around investing and market declines.
“By minimising the impact of market drawdowns and actively reducing portfolio volatility, Sanlam’s managed risk strategy gives investors more confidence to hold their equity positions, even when markets fall significantly,” he said.
MLC Life has appointed the former CFO of AMP Bank as its new deputy CFO as it sees a period of “significant change” for the industry ahead. ...
Mayfair 101 founder James Mawhinney has been restrained from a number of activities following a Federal Court ruling. ...
One of Australia’s largest licensees says it is facing a crisis as risk advisers exit the industry, with its annual life insurance new business drop...