Australian super funds will mostly invest under the umbrella of IFM Investors, which is owned by 27 Australian industry super funds, and now manages AUD100bn in assets.
The WFAM head of multi-asset solutions said at this point the ARP market is not crowded. He said estimates show premia are on average one standard deviation away from their long-term average in terms of value, making it slightly more "expensive"
Part of the PraxisIFM Group, PFS provides fund formation and administration services to start-ups and more established structures, covering a wide range of asset classes.
The transaction is expected to close later this year, pending requisite third-party approvals, including certain regulatory matters and necessary ETF board and ETF shareholder approvals.
Nomura Bank (Luxembourg), which has €59.3 billion of assets under custody, also said it would expand its depositary services to Ucits funds.