UBS AM to manage two passive equity mandates worth ~AU$4.9 billion for NZ Super Fund
NEWSRELEASE
UBS AM appointed by NZ Super Fund to manage passive mandates
15 December 2021
UBS Asset Management today announced it has been appointed by the NZ Super Fund to manage two passive equity mandates worth approximately AU$4.9 billion.
“We are delighted to partner with NZ Super Fund,” commented John Mowat, Interim Head of UBS Asset Management ANZ. “NZ Super Fund is recognised as a leader in responsible investment and we are proud to be selected to support its efforts with our UBS Asset Management team’s strong sustainable investment credentials and expertise as an index fund manager.”
“The NZ Super Fund was established to help smooth the future cost of providing superannuation to every New Zealander. As a sovereign wealth fund with a long-term investment horizon, we aim to build trusted long-term relationships with our investment managers. We have appreciated the engagement and professionalism shown by the UBS team in how it approached the needs and aspirations of our Fund, and we look forward to working together into the future,” says NZ Super Fund Head of External Investments and Partnerships Del Hart.
UBS Asset Management has implemented two bespoke ESG index equity funds tailored to NZ Super Fund’s performance and responsible investment requirements.
"This is an exciting opportunity to align with NZ Super Fund during a period of accelerated transition to a more climate aware investment environment and grow in order to support future New Zealanders in retirement,“ commented Drew Fowler, Head of Institutional Client Coverage – Executive Director.
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