Alphinity Investment Management lists two managed funds on the Australian Securities Exchange
Jonas Palmqvist
Leading Australian and global equities fund manager Alphinity Investment Management has listed its’ two rapidly growing global equities funds on the Australian Securities Exchange (ASX).
The two funds that recently listed and celebrated via an ASX bell ringing ceremony today are the actively managed Alphinity Global Equity Fund (Managed Fund) (ASX: XALG) and the Alphinity Global Sustainable Equity Fund (Managed Fund) (ASX: XASG).
Alphinity Global Portfolio Manager Jonas Palmqvist said: “Both of these funds give retail investors easy access to a global portfolio of companies that have been identified as undervalued as they enter or are about to enter an earnings upgrade cycle and can deliver positive earnings surprises.”
The Alphinity Global Equity Fund – XALG – offers a long-only portfolio of 25-40 leading quality global companies highly diversified across countries, sectors and currencies that have been identified as undervalued and within an earnings upgrade cycle.
“Alphinity’s deeply experienced global team combines fundamental research with specific quantitative analytics to uncover stocks that can deliver ‘earnings surprises’ to drive outperformance,” Mr Palmqvist said.
Since inception in 2015 XALG’s underlying fund has returned 11.1% p.a., and 8.5% p.a. over the past three years, outperforming the benchmark by 1.5% p.a. and 2.3% p.a. respectively(1).
The Alphinity Global Sustainable Equity Fund (ASX: XASG) provides a diversified portfolio of 25-40 leading global sustainable listed companies which are assessed by Alphinity as having a net positive alignment to the 17 United Nations Sustainable Development Goals, exceed Alphinity’s minimum Environmental, Social and Governance criteria, and also offer attractive prospective returns.
A committee including reputable external experts helps to ensure the fund stays true to its’ charter and also drives active engagement with companies. Since its launch in June 2021 XASG’s underlying fund has returned 2.3% p.a, outperforming the benchmark by 1.1% p.a.(1) Both funds use the MSCI World Net Total Return Index (AUD) as a benchmark.
Alphinity Investment Management is supported by Challenger Limited subsidiary Fidante, which forms long term alliances with talented investment teams to support and grow specialist investment management businesses.
Fidante is one of Australia’s largest active fund managers and currently has 17 investment manager partnerships, with more than 60 funds, covering a wide range of asset classes. Combined, they manage approximately $70 billion(2) in total funds under management.
Challenger Chief Executive Funds Management, Victor Rodriguez said the listings were part of Fidante’s strategy to further expand its range of products and enhance the customer experience by making it easier for customers to access Fidante’s investment managers.
“Australia’s growing ETF market is driven by customer demand for easy, any time access to high performing liquid products. Over the past 12 months we have invested in enhancing our digital capabilities to enable Fidante to further grow our series of active ETFs to meet this customer demand.
“Fidante now has over $817m million (3) in FUM invested across 4 active ETF strategies, and we look forward to bringing more funds to market in 2023,” Mr Rodriguez said.
