Redpoint Investment Management (Redpoint) has been awarded a significant global equities index mandate from one of Australia’s largest wealth managers, MLC Investments (MLC).
Redpoint will manage the global shares strategy within the popular, lower cost MLC Index Plus portfolios and will also manage a currency overlay strategy as part of the overall mandate.
Redpoint CEO Tim Batho said: “We are delighted to be awarded this significant mandate from MLC. This is another clear demonstration of Redpoint’s investment management capabilities and our focus on designing and delivering investment strategies across developed and emerging equity markets.”
Rather than simple index replication, Redpoint’s index management approach uses a range of strategies designed to enhance returns while capturing the risk characteristics of the chosen index. Redpoint’s managed turnover approach helps reduce the impact of transaction costs and taxation.
MLC Global Equities Portfolio Manager Myooran Mahalingam said: “We’re pleased to have appointed Redpoint to manage the global shares strategy in MLC Index Plus given the quality and experience of the investment team, which is led by Chief Investment Officer, Eric Smith.
“Their mandate will give investors exposure to a much wider range of share market opportunities, including those in fast-growing emerging markets.”
