PineBridge Investments has launched its flagship Global Focus Equity fund to wholesale investors in Australia.
The fund provides investors access to the global equity market, although one major difference from other funds is that it identifies companies based on their lifecycle stage rather than their sector or industry.
The outcome is a concentrated portfolio of 30-50-stocks that is high in active share and low in benchmark-relative risk.
By taking this approach, the fund is able to invest across the entire market spectrum and at every point in the economic cycle so it is agnostic towards style, according to a statement by the asset manager.
The fund’s management team is led by Rob Hinchliffe, portfolio manager and head of global sector cluster research.
“In a market characterised by return dispersion and elevated valuations, selectivity and risk management is more important than ever,” said Hinchliffe.
“The Global Focus Equity team have consistently applied a non-consensus, high conviction active investment approach, which has resulted in low correlation to peers and a differentiated source of returns.”
“The launch of the PineBridge Global Focus Equity Fund marks a step change in PineBridge’s expanding Australian business,” said Clinton Grobler, head of Australia.
“I believe Global Focus Equity will strongly complement PineBridge’s existing product range in Australia, appealing to investors’ core global equity appetite via a differentiated lifecycle, high conviction approach, combined with disciplined benchmark aware risk management.”
