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Tyndall/Suncorp enhances Suncorp World Equities Trust

Tyndall/Suncorp Investment Management has made a number of changes to the Suncorp Investment Management World Equities Trust designed to enhance performance by taking greater advantage of investment opportunities.

As a result, the Trust has increased its weighting to emerging markets, reduced the number of stocks held from over 1000 to just under 500, and reconfigured the underlying manager allocation.

The Trust now invests with:

  • Walter Scott & Partners
  • Principal Global Investors
  • Epoch Investment Partners
  • Davis Advisors
  • Schroders.
    Mr Brett Himbury, managing director of Tyndall/Suncorp Investment Management, said the changes follow an extensive review of the Trust which showed that, while it has regularly outperformed its index (the MSCI World ex-Australia Index), there was the opportunity to further improve the Trust’s performance and competitiveness.

    “We identified three major changes in our review – addressing the structure of the Trust so that stock selection and asset allocation could be managed separately; reducing excessive diversification; and eliminating the overweight position in small caps and the bias towards growth stocks.

    “The review involved an extensive search of suitable global fund managers followed by on-site due diligence visits in Europe and the US of the managers short-listed for consideration.

    “We believe that the outcome is a Trust that is better able to take advantage of opportunities while maintaining an appropriate risk profile for investors,” Mr Himbury said.

    Mr Ken Ostergaard, portfolio manager for the Trust, said the enhancements were aimed at improving outperformance while still maintaining the Trust’s original objectives.

    “As part of the review, the investment team has decided to increase exposure to global emerging markets because it believes that these markets are likely to continue to grow in significance and add to investors’ long term returns.

    “Our review has resulted in extensive changes to our manager allocation with a range of new managers appointed. Each manager has a long-term track record and has demonstrated the ability to perform consistently throughout the investment cycle.

    “The new line-up also reduces the level of manager correlation as well as stock overlap,” Mr Ostergaard said.

    The Trust is the underlying investment fund for all Suncorp retail global share funds. The enhancements, which took effect in December, do not involve a change in the investment objective or fee structure.
    -oOo-

    For more information please contact:
    Mr Brett Himbury
    Phone: 02 8275 3924
    Email: brett_himbury@tyndall.com.au



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    Tasman Asset Management Limited ABN 34 002 542 038, AFS Licence no. 229664 trading as Tyndall Asset Management.
    Tyndall Investment Management Limited and Tasman Asset Management Limited are subsidiaries of Suncorp-Metway Limited ABN 66 010 831 722.
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