First Sentier Investors - manager update

First Sentier Investors (FSI) have informed CFS that they have made changes to their investment capabilities within Australia. The outcome is that FSI will hand over investment management services for the following investment options: 

First Sentier Developing Companies

First Sentier Future Leaders

First Sentier Equity Income

First Sentier Target Return Income

First Sentier Australian Bond

First Sentier Global Credit Income

First Sentier Diversified Fixed Interest

CFS Index Australian Bond 

Some or all of these investment options are available through FirstChoice Wholesale Personal Super and Pension, FirstChoice Wholesale Investment, FirstChoice Investments, FirstChoice Employer Super and Managed Investment Funds.

CFS is actively sourcing well-credentialled replacement investment managers.

The new managers will each have a strong track record in the respective asset classes and strong research house ratings. 

CFS expects to be able to announce the new managers within a month and anticipates that the portfolio transitions will commence from June 2024 onwards. 

FSI has committed to continuing to manage the funds in an orderly and prudent manner until the transition is complete. 

CFS will continue to monitor the management of the portfolios closely.