Harvey Kalman

Equity Trustees (EQT) and its investment manager partner Dundas Global Investors (Dundas) have made the EQT Dundas Global Equity Fund available on the mFund Settlement Service, bringing the number of co-branded funds distributed through Equity Trustees to 15.

The mFund Settlement Service is an ASX initiative that allows investors to buy and sell units in selected unlisted managed funds (mFund), through a process similar to investing in shares.  They can be bought and sold through their ASX stockbroker online, in person or through a financial adviser who uses a stockbroking service on their behalf.

EQT Dundas Global Equity Fund invests in 60-80 leading global companies from developed and emerging markets with a minimum stock capitation of US$1 billion. The objective of the fund is to invest in stocks with high real book value growth and growing dividend income to generate greater compound returns with lower volatility.

The fund aims to deliver rolling five-year returns in excess of 2.5 per cent of the capital return of the MSCI All Country World Index (ex Australia) before fees.

The mFund Settlement Service offers a number of advantages over the traditional way that investors use managed funds, and, in the case of self-managed superannuation funds (SMSFs) in particular, mFund can help with improving portfolio diversification, says Harvey Kalman, Head of Equity Trustees’ Corporate Trustee Services.

“Of the $500 billion in the SMSF pot, $200 billion is already invested through the ASX. But by investing only in ASX equities, SMSF’s have limited the diversification possibility of their funds,” Mr Kalman says.

“With the addition of the EQT Dundas Global Equity Fund investors now have access to all asset classes through Equity Trustees’ co-branded funds including: international equities, fixed interest, Australian equities including large cap, small companies, franchise, dividend income and concentrated as well as global and Australian listed property securities,” Mr Kalman says.

Equity Trustees was one of the first foundation members of the service and, together with its investment manager partners, Dundas, PIMCO, EQT, LaSalle and SG Hiscock & Company, offers a diversified range of funds through the service for retail investors.

Funds available on the service from Equity Trustees and its investment partner managers are:

Equity Trustees:  

• EQT Wholesale Flagship Fund
• EQT Australian Equity Income Fund

Dundas Global Investors:        

• EQT Dundas Global Equity Fund

PIMCO Australia:    

• PIMCO EQT Wholesale Global Credit Fund
• PIMCO EQT Wholesale Diversified Fixed Interest Fund
• PIMCO EQT Wholesale Global Bond Fund
• PIMCO EQT Wholesale Australian Bond Fund
• PIMCO EQT Wholesale Australian Focus Fund
• PIMCO EQT Wholesale Unconstrained Bond Fund

SG Hiscock & Company:    

• SGH 20 (Australian equities)
• SGH ICE (Australian equities)
• EQT SGH Wholesale Property Income Fund
• EQT SGH Wholesale Small Companies Fund

LaSalle Investment Management:

• EQT SGH LaSalle Global Listed Property Securities Trust
• EQT SGH LaSalle Global Property-Rich Trust

“The mFund settlement service can provide portfolio diversification quickly and easily as with even one transaction with one mFund, investors can gain access to a range of underlying investments and asset classes that may have otherwise been out of reach,” Mr Kalman concludes.

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Mr Bowe will begin with PIMCO on 31 October and will report to Rob Mead, Head of Portfolio Management at PIMCO Australia, as a senior member of the portfolio management team. John Wilson, Head of PIMCO Australia, said the new appointment follows an increase in demand for fixed interest solutions as Australia’s population ages and the size of assets held by retirees grows.

“Fixed interest portfolios have a vital role to play in meeting the need of ageing investors looking for stable income related strategies that can immunise them from stock market volatility. By expanding our senior resources PIMCO is better prepared to meet this growing demand,” Mr Wilson said.

Mr Mead said: “Adam’s skills and experience further extend the capabilities of our team and his background across all facets of fixed interest including research, trading and portfolio management, will add value to our growing client base.”

Mr Bowe will cover trading of government bonds, corporate bonds, swaps and options, and will be managing Australian dollar and global portfolios. He will work closely with other portfolio managers on the Sydney desk and throughout PIMCO’s global network.

Mr Bowe has 10 years’ experience in fixed interest investment having most recently worked at Tudor Investment Corporation in global macroeconomic research and trading. Previously he was a Director, Fixed Income Portfolio Manager for six years at UBS Global Asset Management where he managed a full range of local and global fixed income products. He is CFA qualified and earned his Bachelor of Commerce and Bachelor of Economics with first class honours in Commerce from the University of Queensland.  In 2009, Mr Bowe completed his Masters of Quantitative Finance at the University of Technology, Sydney.

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