Tax-managing a RAFI portfolio busts the ‘low turnover is tax efficient’ myth

From

Superannuation funds moving to a rules-based equity management approach could improve their performance by more than half a percentage point a year by genuinely focusing on after-tax, not pre-tax, returns. The savings from an after-tax focus can be generated without changing the risk profile of the equities strategy. New research by Raewyn Williams, Managing Director, […]

continue reading

Super funds could boost their equity returns by 59 basis points each year by adopting a ‘control what you control’ philosophy

From

New research for superannuation funds by the Australian arm of global specialist implementation manager Parametric provides evidence that a program to manage two costs, tax and transaction costs, can deliver meaningful benefits to funds and their members. The research draws on concerns amongst superannuation funds about how to meet investment objectives when markets are volatile, […]

continue reading

Retiring super fund members can’t wait for Government’s timetable

From

Superannuation funds need to get on the front foot and respond to the strategic challenge of developing good retirement solutions now, says global implementation specialist manager Parametric CIO Paul Bouchey. “Although superannuation funds can follow the Government’s legislative timetable to develop a Comprehensive Income Product for Retirement (CIPR) by 1 July 2022, that’s hardly an […]

continue reading

Parametric announces new head of responsible investing and the expansion of the global research team

From

Parametric Portfolio Associates LLC (Parametric), an affiliate of Eaton Vance Corp. (NYSE: EV), has announced three new hires: Gwen Le Berre as Head of Responsible Investing; Benjamin Davis, Ph.D., as Managing Director of Research, equity and factor strategies; and Benjamin Hood, Ph.D., as Director of Research, liquid alternatives, options and futures strategies. Ms. Le Berre […]

continue reading

Stronger Super not yet tax efficient

From

Superannuation funds are largely ignoring the “Stronger Super” reform that embedded after-tax investing obligations into superannuation law, says global implementation specialist manager Parametric. Raewyn Williams, Managing Director of Research, Parametric Australia, says: “Six years after the Stronger Super reforms were announced, most superannuation funds still have a pre-tax focus. “This lack of progress with after-tax returns […]

continue reading

Parametric beefs up Australian team with senior appointment

From

Global implementation manager Parametric has appointed Simon Mah Chut to the new position of Manager – Products and Partnerships as part of ramping up its Australian team. Mah Chut boasts more than 17 years in financial services with experience in private wealth investment, accounting, tax and business services. His most recent job was with Cambooya, […]

continue reading

Productivity Commission misses important tax – retirement outcomes link

From

The Productivity Commission’s final superannuation report missed an opportunity to show how the industry’s pre-tax investment focus is penalising members who retire on after-tax returns, says Raewyn Williams, Managing Director, Research (Australia), at the global implementation manager Parametric Williams says the Commission’s report, Superannuation: Assessing Efficiency and Competitiveness, provided some thought-provoking insights into Australia’s $2.7 trillion superannuation […]

continue reading

Parametric wins first tax-managed factor mandate

From

Global specialist implementation manager Parametric has been awarded an AUD200 million custom global equities mandate by a large Australian superannuation fund. The super fund, which has requested anonymity, commissioned Parametric to create a portfolio to capture the super fund’s views around exposures to particular risk factors in global equity markets and address concerns about unintended […]

continue reading

Domino Theory: the trouble with trade wars

From

The continuing trade war between the United States and China has heated up amid increasingly bombastic accusations from both sides. The US fired the first salvo, announcing a set of tariffs on $50 billion worth of Chinese goods, which was met by a similar set of tariffs by China on American imports. The US is […]

continue reading

Parametric teams with smart beta innovators Research Affiliates to launch Systematic Alternative Risk Premia (SARP)

From

Specialist implementation manager Parametric has launched a new strategy for Australian institutional investors after collaborating with Newport Beach, California-based Research Affiliates, seeking to produce better returns and lower volatility than traditional alternative investment approaches. The new strategy is based on harnessing the power of three key investing factors – Value, Momentum and Carry – and […]

continue reading