QIC closes Australian equities strategies due to lack of demand

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AUSTRALIA - QIC is to close its implemented manager-of-managers Australian equities product and its directly managed large cap Australian equities products because of lack of demand.

The two products account for around just 1% of the Brisbane-based institutional fund manager's A$57bn (US$60.2bn) assets under management. QIC attributed the falling demand for the product to th...

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