Alphinity lists two funds on ASX

Oksana Patron

9 February 2023

Alphinity Investment Management has listed two managed global equities funds on the Australian Securities Exchange (ASX), the actively managed Alphinity Global Equity Fund (XALG) and the Alphinity Global Sustainable Equity Fund (XASG).

XALG will offer long-only portfolio of 25-40 leading quality global companies diversified across countries, sectors and currencies that were identified as undervalued and within an earnings upgrade cycle while XASG will provide a portfolio of 25-40 global sustainable listed companies which were assessed by Alphinity as having a net positive alignment to the 17 United Nations Sustainable Development Goals.

The manager said that since its inception in 2015 XALG’s underlying fund has returned 11.1% p.a., and 8.5% p.a. over the past three years, outperforming the benchmark by 1.5% p.a. and 2.3% p.a. respectively.

XASG underlying fund, which was launched in June 2021, has returned 2.3% p.a, outperforming the benchmark by 1.1% p.a.

Also, both funds used the MSCI World Net Total Return Index (AUD) as a benchmark.

Alphinity  is supported by Challenger Limited subsidiary Fidante which has currently 17 investment manager partnerships, with more than 60 funds, covering a wide range of asset classes and combined managed approximately $70 billion in total funds under management (FUM).

Challenger chief executive funds management, Victor Rodriguez said the listings were part of Fidante’s strategy to expand its range of products and enhance the customer experience by making it easier for customers to access Fidante’s investment managers.

“Australia’s growing ETF market is driven by customer demand for easy, any time access to high performing liquid products. Over the past 12 months we have invested in enhancing our digital capabilities to enable Fidante to further grow our series of active ETFs to meet this customer demand,” he said.

“Fidante now has over $817 million in FUM invested across four active ETF strategies, and we look forward to bringing more funds to market in 2023.”