Business
Vanguard’s $23b ANZ mandates won by US rival – The Australian Financial Review
Invesco has picked up a $23.1 billion contract to run passive investment strategies across the former ANZ Bank superannuation funds in what is believed to be the…
Research house Rainmaker Information confirmed it was the largest external mandate in Australia and the fourth largest in total. The top three are all deals to manage money in-house at industry fund giants AustralianSuper and FundsSA.
We reviewed a number of index managers as part of the due diligence process, said IOOF deputy chief investment officer Stanley Yeo. The scale of Invescos operations provides it with significant resources relative to smaller competitors.
Mr Yeo said Invesco was also…
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