UBS Asset Management will manage two passive equity mandates worth approx. NZD4.9bn
UBS Asset Management will manage two passive equity mandates worth approx. NZD4.9bn
Sydney, December 15, 2021 – UBS Asset Management today announced it has been appointed by the NZ Super Fund to manage two passive equity mandates worth approximately NZD4.9 billion.
“We are delighted to partner with NZ Super Fund,” commented John Mowat, Interim Head of UBS Asset Management ANZ. “NZ Super Fund is recognized as a leader in responsible investment and we’re 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’ve 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.
About UBS Asset Management
UBS Asset Management is a large-scale asset manager with a presence in 23 markets. It offers investment capabilities and investment styles across all major traditional and alternative asset classes to institutions, wholesale intermediaries and wealth management clients around the world. It is a leading fund house in Europe, the largest mutual fund manager in Switzerland, the second largest fund of hedge funds manager and one of the largest real estate investment managers in the world.
About NZ Super Fund
The NZD60 billion NZ Super Fund is a global investment fund that was established by the New Zealand Government to help pre-fund universal superannuation. A long-term, growth-oriented investor, the Fund has returned more than 10 percent p.a. since inception in 2003. For more information please visit www.nzsuperfund.co.nz
Media contact
UBS
Jen Warat (ANZ):
+ 61-9324-2624 / +61-411-383-996
jenny.warat@ubs.com
NZ Super Fund
Conor Roberts, Senior Communications Strategist:
+ 64-21-124-6004
croberts@nzsuperfund.co.nz
