Ibbotson Associates Australia Limited, part of the Morningstar Investment Management group, has been reappointed as implemented investment consultant for a further three years by REI Super, the industry superannuation fund for the real estate profession, following a comprehensive due diligence process assisted by SuperRatings.
Ibbotson Associates Australia provides advice and management for REI Super’s low-cost default MySuper option as well as the Fund’s other investment options.
“We value our relationship with REI Super, and we’re very pleased to be reappointed to help the trustees meet their fiduciary obligations to their members,” Chris Galloway, Ibbotson Associates Australia Managing Director, said. “Leveraging our capabilities in capital markets research, asset allocation, and portfolio construction enables us to help REI Super members achieve their retirement objectives.”
Mal Smith, Chief Executive of REI Super, said: “Ibbotson has proved its commitment to helping our members achieve their financial goals for more than a decade now. We strongly value Ibbotson’s depth of investment capabilities and expertise.”
Smith added, “Ibbotson has worked closely with us to enhance our investment menu to cater to our members’ evolving needs. They helped us create the Premium Income option, which provides secure income and reduced investment volatility for members entering retirement or over 55 years. This has done very well so far, having outperformed its investment objectives.”
The Morningstar Investment Management group, through 11 investment advisory subsidiaries, creates custom investment solutions that combine award-winning research and global resources with proprietary Morningstar data. With approximately US$169 billion in assets under advisement and management at 30 September 2014, the Morningstar Investment Management group provides comprehensive retirement, investment advisory, and portfolio management services for financial institutions, superannuation funds, and financial advisers around the world. In Australia, Ibbotson Associates Australia Limited provides these services. Ibbotson Associates Australia is regulated by the Australian Securities and Investments Commission.