Investment Philosophy

Through our expertise in risk management and strategic partnerships we deliver investment solutions that complement our market protection offering.  

Periodically we review the  investments we manage on your behalf to identify any opportunities that may help enhance investment returns, provide cost effective investment options and or respond to market changes for policyholders.

On the day to day management of your funds, we partner with external fund managers, which we’ve selected based on their track record of performance and competitive pricing.
  
While we predominantly work with partners who actively manage our investment portfolios, for investments in Australian and International Equities, we’ve recently adopted a passive investment strategy.

Our Investment Manager Partners

Investment Manager Sector/Investment Style
BlackRock Australian and International Equities, Multi-Asset Index Fund Passive
Janus Henderson Cash and Fixed Interest Active
Dexus Australian Property Active
Dimensional Fund Advisors Australian Equities - Value Style Active
 Macquarie Infrastructure Active
Lazard Global Convertible Bonds Active

What is Passive & Active Management?

Passive investment, also known as index investing, utilises an investment approach that invests to a representative benchmark such as the ASX200 with the aim of holding that investment over the longer term, without excessive buying and selling of securities. Benefits of passive investing include lower fees and greater simplicity for investors, with returns more closely aligned to the indexes used.

Active investment uses a human element, such as a single manager, co-managers or a team of managers, to actively manage a fund's portfolio. Active investment relies on analytical research, forecasts, and judgment and experience in making investment decisions on what securities to buy, hold and sell.

About our selected Investment Managers

BlackRock logo

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of December 31, 2019, the firm managed approximately US$7.43 trillion in assets on behalf of investors worldwide.

Janus Henderson Investors Logo

Janus Henderson is a leading global asset manager with more than 340 investment professionals and expertise across all major asset classes. Our individual, intermediary and institutional clients span the globe and entrust us with more than $480 billion of their assets*. Our commitment to active management offers clients the opportunity to outperform passive strategies over the course of market cycles. Through times of both market calm and growing uncertainty, our managers apply their experience weighing risk versus reward potential – seeking to ensure clients are on the right side of change.

We believe that connections enable strong relationships with clients based on trust and insight as well as the flow of ideas among our investment teams and our engagement with companies, all of which allow us to make a positive difference. These connections are central to our values as a firm, to what active management stands for and to the outperformance we seek to deliver.

Janus Henderson was formed in 2017 from the merger of two complementary businesses that trace their roots back much further, through Janus Capital Group, founded in 1969, and Henderson Global Investors, founded in 1934. Today headquartered in London, Janus Henderson Investors is dual-listed on the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX).

*As at 31 March 2022.

DWPF is managed by Dexus, one of Australia's leading real estate groups proudly managing a high-quality Australian property portfolio valued at $36.5 billion (as at 31 December 2020 adjusted for certain transactions that have been announced and/or occurred after this date).

Dexus's vision is to be globally recognised as Australia's leading real estate company. Its strategy remains focused on its core strengths of owning and managing high-quality real estate in Australia's major cities to deliver superior risk-adjusted returns for investors. The two key strategic objectives that underpin this strategy are:

  • Leadership in office: being the leading owner and manager of Australian office property
  • Funds management partner of choice: being the wholesale partner of choice in Australian Property

Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange (trading code DXS) and is supported by more than 29,000 investors from 24 countries.  With 36 years of expertise in property investment, development and asset management, Dexus has a proven track record in capital and risk management, providing service excellence to customers and delivering superior risk-adjusted returns for investors.

 

Dimensional logo

For more than three decades, Dimensional Fund Advisors LP and its subsidiaries and affiliates have been combining rigorous academic research with practical experience to deliver real-world investment solutions. Dimensional seeks to deliver investment solutions that add value through careful design, implementation and execution. An enduring philosophy, strong client commitment, and a strong connection with the academic community underpin our approach.

Dimensional established its Australian office in 1994 and began offering investment solutions to local investors with the launch of the first Dimensional Wholesale Trusts in 1999.

 

Lazard Asset Management Logo

For decades, Lazard Asset Management has been managing investment portfolios and providing investment advice to institutional and individual investors around the world.
 
Lazard Asset Management now operates from 24 cities across 17 countries with a global staff of over 800. Our more than 300 investment personnel manage investment portfolios across a wide range of global, regional and country-specific strategies - both traditional and alternative - in listed equity and fixed income. Lazard Asset Management Pacific Co. (Lazard Pacific) is a subsidiary of LAM LLC. Based in Sydney, Lazard Pacific has serviced Australian clients with a range of domestic and global strategies since 1994. 
 
Each investment team at Lazard Asset Management invests according to its own philosophy and process, yet they share the same conviction in fundamental research, active management and long-term thinking. The Lazard Global Convertible team’s investment philosophy, refined over two decades of market experience, recognizes the primary importance of active management in this asset class. The team relies primarily on exhaustive fundamental analysis and makes broad top-down tactical adjustments to accommodate macroeconomic shifts and maintain diversification within the portfolio. We believe the strategy with its fundamental emphasis will deliver the intended benefits of the convertible bond asset class to investors.

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