- 26 November 2012 10:19
Sunsuper after-tax investment adopts new approach and moves to a customised GBST benchmark based on S&P/ASX pre-tax indices
This new agreement will support the recent decision by Sunsuper’s Investment Team to alter the performance objective of its Australian Equities mandates to a customised after-tax benchmark based on underlying S&P/ASX pre-tax indices. GBST Quant will provide the after-tax index benchmarks to Sunsuper.
For Bruce Tomlinson, PM of Australian Equities and Hedge Funds, Sunsuper this is a major decision inline with current market trends to adopt a customised after-tax basis and an appropriate after-tax approach for the fund's current needs.
According to Kathy Taylor-Hofmann, Head of GBST Quant Division this is a continuation of the broadening of information in the after-tax space. “We firmly believe that our customisable after-tax services are directly contributing to making this more beneficial after-tax investment approach for investors and members more appealing to the industry as a whole.
"We are delighted to be working with one of the earliest adopters of an after -tax performance measurement regime and enabling the evolution to a customisable after-tax benchmarking environment which we believe is more aligned with the Fund Manager's investment processes," she concluded.
GBST is the leading provider of after-tax indices in the Australian market and today provides services for a range of leading superannuation funds and fund managers including Unisuper, Cbus and Warrakirri Asset Management.
GBST Quant recently launched its pre-trade tax analysis tool, Tax Analyser, which is the first solution in Australia to allow fund managers to see and manage superannuation fund level tax consequences of proposed actions as part of the investment process.
About GBST GBST (ASX: GBT), provides global technology services to the financial services industry, addressing our clients’ constant needs for innovation, competitiveness and responsive IT that truly enables business. Listed on the Australian Securities Exchange, GBST has offices throughout Australia, London, Hong Kong and New York as well as operations in Paris and Singapore. GBST Quant provides market leading quantitative services and tools specialising in after-tax services. GBST can be contacted at www.gbst.com
About Sunsuper Sunsuper is one of Australia’s biggest super funds with more than one million members and $20 billion in funds under management.