American Century awarded NGS global small cap mandate


MEDIA RELEASE: NGS Super has awarded American Century Investments a $150 million mandate to invest in the $237 billion* global asset manager’s global small cap strategy.

According to American Century’s head of Australia and New Zealand, Elizabeth Trinh, the mandate comes at an opportune time for local investors to increase exposure to global small caps.

“We believe our differentiated growth-oriented small cap strategy is a natural fit for NGS Super’s portfolio. We’re looking forward to building a long partnership with NGS and striving to deliver the best possible financial returns for their members.

“The mandate reflects the strength of our global capabilities, and our client-focused service offering. Global small caps offer distinct overall portfolio diversification due to the asset class’s low correlations to developed markets, global large caps and regional small and large-cap stocks. Also, the space may provide rich alpha opportunities and attractive long-term risk-adjusted returns.  Our experienced and dedicated small cap team has achieved a compelling track record over the long-term,” she said.

The American Century Global Small Cap strategy has an overarching objective of long-term capital growth by investing primarily in small-cap companies in both developed and emerging countries. It employs an investment process that seeks consistent growth through investments in global small cap companies exhibiting sustainable and accelerating earnings growth.

The strategy is currently weighted towards sectors including consumer discretionary, information technology and industrials, and is headed by vice president and senior portfolio manager, Trevor Gurwich, based in New York.

According to NGS Super’s Lucas Hartmann, the strength of the investment team, coupled with their alignment on ESG principles, underpinned American Century being awarded the mandate.

“We’re excited about our new partnership with American Century and look forward to working with them,” he said.

American Century entered the Australian market in 2018, servicing institutional and wholesale investors. The local operation is led by head of Australia and New Zealand, Elizabeth Trinh, and vice president of the Institutional Advisory Group, Michelle Kidd. It also recently announced the appointment of senior client service associate, Noble Dhaliwal.

American Century is headquartered in Kansas City, Missouri and has approximately US$238 billion in assets under management as of July 12, 2021. It currently manages approximately AUD$2.5 billion in Australian funds under management, from both institutions and platforms.

Since its inception in 1988, NGS Super has grown to become the leading super fund servicing those in non-government education and community organizations. It currently has 111,000 members and 11,000 employer groups with $12 billion invested.

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