Sunsuper awards A$700m CGT-aware benchmark mandate

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AUSTRALIA - The Sunsuper superannuation fund has awarded a A$700m mandate for domestic equities benchmarked to an index that measures the impact of capital gains tax (CGT) upon the performance of the largest 300 listed companies.

The A$17bn (US$18.2bn) scheme awarded the mandate to Vinvar Invsetment Managers, its first in which the return is pegged to a CGT-aware benchmark. Sunsuper will use the FTSE/ Association of Supe...

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