Wellington Management
Website:
www.wellington.com
AGEST and Wellington Management
AGEST employs Wellington Management to manage part of the international shares portfolio of the fund.
Objective and strategy
The objective of Wellington Management's Global Research Equity Portfolio is to outperform the MSCI World (ex-Australia) Index with Net Dividends reinvested*.
*The MSCI World (ex-Australia) Index measures the performance of major sharemarkets around the world (other than Australia), with each sharemarket's performance contributing to the index in proportion to its relative size by market capitalization. Dividends paid by companies are included in this calculation of performance.
AGEST has an individually tailored investment agreement ("mandate") with Wellington Management. This means that AGEST assets are not invested in a trust structure along with other investors. The mandate has rules in relation to how Wellington Management can invest AGEST assets. For example, there are limitations on the types of investment that can be held within the portfolio.
An individual mandate enables AGEST to set its own rules and guidelines, with the agreement of Wellington Management, rather than being bound by the rules of a trust structure.
 |
 |
|
