Education hub

An introduction to investing

The principle of saving is well known. Money is put away in a savings account or term deposit, generally achieving a fixed rate of interest with minimal risk.

Unfortunately, a savings account can offer returns little better than inflation. In real terms, that means you may end up losing money on your initial investment.

Investing, on the other hand, is the commitment of money today which, with an appropriate level of risk, comes with the expectation of realising your future financial goals.

It's about making your money work harder for you than just saving alone can!

This guide aims to build your understanding of the fundamentals of investing and helps get you started on the path to securing your financial independence.

How much risk is right for you?

Part of any investment strategy involves determining the most appropriate asset allocation to meet your goals. The investment strategy that is most suitable for you is determined by a combination of factors, including your investor profile and your time horizon.

Different risk types

Please note these are sample profiles only of the MultiMix diversified funds – actual asset allocations may vary from fund to fund.

Diversified investment strategies

Growth of $10,000 over time*

* Past performance is not indicative of future performance and the value of investments may rise or fall. This performance chart is based on our current strategic asset allocations and is for illustrative purposes only.

Risk and return characteristics

Timeframe: 1 January 1993 to 30 June 2021.

Source: FactSet.

Data: Australian shares: S&P/ASX 300 Total Return Index | International shares: MSCI World (ex Aus) Net Total Return 30% Hedged to AUD | Listed real assets & unlisted assets: Pre 31/12/2005 MSCI World ex Australia Net Total Return 30% Hedged to AUD. Post 31/12/2005 50% FTSE EPRA/NAREIT Developed Rental Index ex Australia NR Hedged to AUD, 50% FTSE Developed Core Infrastructure 50/50 NR Hedged to AUD | Alternative growth: HFRI Fund of Fund Index, HFRI Fund of Fund Index Hedged to AUD from 31/12/2019 | Alternative defensive: Bloomberg AusBond Composite Bond Index 0-3 Years | Fixed interest: 50% Bloomberg AusBond Composite Bond Index 0+ Years and 50% Barclays Global Aggregate Hedged to AUD | Cash: Bloomberg Ausbond Bank Bill Index.

Download the PDF here

Important Information: This document is issued by IOOF Investment Services Ltd (IISL) ABN 80 007 350 405, AFSL 230703. IISL is a company within the IOOF Group which consists of IOOF Holdings Ltd ABN 49 100 103 722 and its related bodies corporate. This document contains factual information only and should not be relied on for decision making. This information in this document is based in part on information obtained in good faith from third party sources and is current as at September 2021. While this information is believed to be accurate and reliable at the time of publication, to the extent permitted by law, no liability is accepted for any loss or damage as a result of reliance upon it.

Getting to know investments

What is an asset class?

Asset classes are different investment categories and are the building blocks of an investment. The main asset classes are shares, property, fixed interest and cash.

Australian Shares

Australian shares are shares in companies listed on Australian stock exchanges. Shares or stocks are securities representing ownership in a company. When companies distribute profits (via dividends), the investor receives part of it and often Australian companies partially or fully pay the tax payable on company income (franking).

International Shares

International shares are shares listed on international stock exchanges. International shares can have the additional risk of movements in the value of the Australian dollar against foreign currencies. Changes in exchange rates will change the Australian dollar value of international shares. Fund managers can use strategies called derivatives to ‘manage’ investments against adverse currency movements.

Listed Real Assets (Property)

Property can include investments in listed property trusts (LPT) and other property securities. LPTs invest in a range of residential and commercial property, office buildings, hotels and industrial properties. LPTs are pooled property investments which are broken into units and listed on the stock exchange like shares in a company.

Fixed Interest

A fixed interest investment is a debt security issued by a bank, corporation or government in return for cash from an investor. The issuer of the debt is effectively a borrower and is required to pay interest on the loan for the life of the security. Fixed interest investments are valued on a mark to market basis, and as a result, their value may fluctuate. Fixed interest investments are generally higher risk than cash but lower risk than shares and property.

Cash

Cash funds are designed to offer a high degree of capital security relative to other asset classes. Generally, cash investments have a very low risk of capital loss. Examples include bank deposits and investments in fixed interest securities, including treasury notes and highly rated corporate debt securities which generally have a maturity of less than one year.

Key asset class performance^

Growth of $10,000 invested over time#

^Timeframe: 1 July 1983 to 30 June 2021.

#Timeframe: 1 January 1983 to 30 June 2021. Past performance is not indicative of future performance. Your investment is subject to investment risk, including possible repayment delays and loss of income and capital invested. Any case study is shown for illustrative purposes only and is not a prediction of the actual outcomes you will achieve. Listed real assets and international fixed interest are not included in the graph above because data is not available from 1983.

Source: FactSet.

Data: Australian shares: S&P/ASX 300 Total Return Index | International shares: MSCI World (ex Aust) Net Total Return Index in AUD | International listed property trusts: FTSE EPRA NAREIT (ex Aust) Total Return Index hedged to AUD | Australian fixed interest: Bloomberg AusBond Composite 0+ Years | International fixed interest: Bloomberg Barclays Global Aggregate hedged in AUD | Cash: Bloomberg Ausbond Bank Bill Index | Inflation: Consumer Price Index.

Note: Alternative assets do not have a standardised index so have not been included in the table or graph.

Download the PDF here

Important Information: This document is issued by IOOF Investment Services Ltd (IISL) ABN 80 007 350 405, AFSL 230703. IISL is a company within the IOOF Group which consists of IOOF Holdings Ltd ABN 49 100 103 722 and its related bodies corporate. This document contains factual information only and should not be relied on for decision making. This information in this document is based in part on information obtained in good faith from third party sources and is current as at September 2021. While this information is believed to be accurate and reliable at the time of publication, to the extent permitted by law, no liability is accepted for any loss or damage as a result of reliance upon it.

Responsible Investing

There's broad agreement across the asset management community that Environmental (E), Social (S) and Governance (G) factors can materially impact a company's operational and financial performance and, in turn, investor returns.

'Responsible investing' is shorthand for integrating the assessment of ESG factors into the investment process.

ESG factors can include:

Drawing from extensive industry as well as academic evidence, responsible investing recognises companies that:

  • act with an environmental duty of care
  • have the support of communities in which they operate, and
  • have transparent and robust governance processes and standards, are more likely to deliver sustainable long-term investment returns than those that fall short on these grounds.
 
Why does responsible investment make sense?

Intuitively too, responsible investing makes sense. If, for example, a company doesn't take into account physical risks such as risks arising from pollution (E), does not properly manage its human capital by underpaying workers (S), or has weak oversight of key management functions (G), it will likely experience adverse economic consequences at some point, which in turn will negatively impact its value.

Owing to all of this, we believe ESG factors matter when making investment decisions.

 
How do we* invest responsibly?

To help your clients understand how we invest responsibly, please download What is responsible investment. This includes examples of responsible investment in IOOF funds. You can also read more about our core Responsible Investment beliefs here.

IOOF is a member of the Responsible Investment Association Australasia (RIAA) a group that helps to support and inform our responsible investment policies.

 
More information

* IOOF Investment Services Limited (IISL) where it acts as a Responsible Entity/trustee of a managed investment scheme

Our solutions

Put simply, a multi-manager fund provides a professionally constructed portfolio that has multiple layers of diversification – across multiple managers, multiple investment styles and in some cases multiple asset classes.

We offer you a choice of two multi-manager ranges:

IOOF MultiSeries

A range of funds that are predominantly actively managed and offered at a lower cost when compared to other active funds.

Find out more
IOOF MultiMix

For those that prefer to have access to our comprehensive menu of active managers, IOOF MultiMix is our premium range of fully-active multi-manager funds.

Find out more
Why use a multi-manager solution?
Our investment approach

The IOOF multi-manager investment approach adds value on three fronts, including responsible investing:

One.

Active research based asset allocation using a dynamic strategic tilting approach.

Two.

Active management of high quality managers with broad diversification across managers, investment styles and asset classes.

Three.

Robust approach to managing risk at every stage, from active asset allocation to manager selecting.

We are committed to providing, and have consistenly delivered, strong risk adjusted returns over the long term, allowing you to invest with confidence and accelerate ahead.

Our team

Our impressive investment capabilities are driven by our investment team and structure. Each asset class has a dedicated portfolio manager who enjoys support from a host of support staff including analysts and investment specialists. Furthermore, the team benefits from the strong support of our additional research capabilities, namely through our asset consultant Mercer.

Dan Farmer
CHIEF INVESTMENT OFFICER

B.Ec (Hons), M.Com (Hons)

Dan was appointed to the role of Chief Investment Officer in July 2017 and is a member of the Investment Management Committee. Dan is responsible for overseeing the team, overall performance of all funds, managing risk and delivering superior investment outcomes to investors. Prior to this, Dan managed the Australian Equities portfolio for seven years and during this time he successfully implemented the boutique program and defensive equities portfolio.

Prior to joining IOOF, Dan was Senior Executive Investments at Telstra Super, managing the fund’s $3 billion Australian equity portfolio for seven years. During this period Telstra Super’s Australian equity product consistently ranked highly in the SuperRatings performance survey. Dan was also Portfolio Manager responsible for day to day management of internally managed Australian share portfolios at Telstra Super totalling over $450 million.

Dan holds a Bachelor of Economics (Honours) from La Trobe University in Melbourne and a Master of Commerce (Honours) from the University of Melbourne. Prior to joining IOOF, Dan was a Senior Executive in Investments at Telstra Super.

Stanley Yeo
HEAD OF STRATEGY AND EQUITIES

B.Com, LLB (Hons), CFA

Stanley has been employed by IOOF since September 2010. Stanley was appointed to the role of Deputy Chief Investment Officer in July 2017 and Head of Equities in June 2020 and is responsible for managing a team of portfolio managers and analysts responsible for Australian and International Equities.

Prior to this he was the Portfolio Manager for Strategy and International Equities responsible for strategy and asset allocation of the diversified products of IOOF's multi-manager funds, and also managed the International Equities portfolio. He also previously managed the Fixed Interest and Cash portfolios.

Stanley holds a Bachelor of Laws (Hons), a Bachelor of Commerce and is a Chartered Financial Analyst. Prior to joining the investment team, Stanley was a Senior Consultant at Russell Investments. He has advised on strategic asset allocation, portfolio construction and implementation to large Asian sovereign wealth funds and large corporate superannuation funds. He actively managed and implemented the strategic asset allocation of the BHP Billiton Superannuation Fund to achieve consistent first quartile returns. Prior to this role, Stanley was an Investment Analyst at Gartmore Investment, UK. Outside of work, Stanley has a keen interest in travel and food.

Osvaldo Acosta
HEAD OF FIXED INTEREST ASSETS

B.Bus, M.Com

Osvaldo joined the IOOF Investment Team in December 2016 as Portfolio Manager Fixed Income and is currently the Head of Fixed Interest Assets responsible for portfolio management and performance of the various fixed income portfolios at IOOF. He has over 19 years industry experience within fixed income and capital markets.

Prior to joining IOOF, Osvaldo worked at Western Asset Management, a specialised global fixed income manager, where he was part of the investment management team responsible for portfolio management, trading and implementation of interest rate strategies across a number portfolios, including traditional fixed income, specialist credit, annuity matching funds, global mandates and cash/cash enhanced.

Prior to Western Asset Management, Osvaldo also held various senior roles in fixed income, treasury and capital markets within major Australian corporates.

Rhodri Payne
HEAD OF MULTI-ASSET TRANSFORMATION

BSBA, MBA

Rhodri has been with IOOF since September 2008 and is currently the Head of Investment Execution responsible for internal equity and currency hedging strategies, while also providing transition management and implementation solutions for the investment team. He provides investment support which includes research, analysis and manager monitoring to the other portfolio managers with an emphasis on the Australian Equity portfolio. Previously he was the Portfolio Manager - Internal Equities, Currency and Implementation.

Rhodri holds a Bachelor of Science in Business Administration (Finance/Economics major) and a Master of Business Administration. Outside of work Rhodri enjoys playing golf and soccer, the latter being a sport in which he represented New Zealand at junior level.

Simon Gross
HEAD OF PROPERTY

Ass. Dip - Valuation

Simon is the Head of Direct Property and as such is responsible for all of the IOOF property products. He is a qualified property valuer and has managed the MultiMix Direct Property portfolio since 2004.

Simon is also responsible for the Australian and global listed property holdings of IOOF's multi-manager products. He holds an Associate Diploma – Valuation.

He joined the industry in 1980 and has worked for a number of leading investment institutions including Australian Fixed Trusts and GIO Australia where he gained extensive experience in senior roles managing substantial national property portfolios with values exceeding $1 billion. Outside work Simon is a keen soccer supporter and keeps fit with regular sea kayak and mountain bike excursions.

David Djukanovic
HEAD OF EXPOSURE MANAGEMENT AND TRADING

David is responsible for managing the team that provides portfolio execution, currency management, and dealing (and middle office support) across IOOF products in Australia. He joined IOOF in 2020 as part of the ANZ Wealth transition.

Previously David was Manager – Currency and Portfolio Implementation, ANZ Chief Investment Office, responsible for the management of portfolio exposures, derivative overlay strategies, and FX hedge strategy implementation and execution.

With over 16 years’ industry tenure, David has extensive investment-related experience, particularly in the areas of diversified and overlay portfolio management.

During his tenure at ING Investment Management (INGIM), David was responsible for the management of cash and liquidity levels across diversified and single sector portfolios and provided portfolio management support including derivative execution, exposure management, forecasting and transition management.

David has extensive investment-operational knowledge garnered through previous roles, notably leading lean six sigma project work relating to investment funding processes. Before joining INGIM, David was Relationship Manager for ING Australia’s wholesale investment trusts.

Michele Streight
HEAD OF INVESTMENT GOVERNANCE AND TRANSFORMATION

B.A., Dip. FS (FP)

Michele is responsible for ensuring IOOF’s investment products are appropriately managed, monitored and reported in accordance with good investment governance principals. She is also responsible for effective governance within the Investment Team including the operation of the principal Investment governance forum, board reporting and investment communications. She manages all investment policies, procedures and governance documents.

Michele brings more than 20 years financial services experience. Prior to joining IOOF, she was Senior Manager Investment Transformation and Governance for ANZ’s Chief Investment Office (CIO) for seven years where she led and managed priority investment related transformation projects including the implementation of the CIO’s operational risk and compliance frameworks across Australia, New Zealand and Asia. Prior to that she was the Senior Manager, Product & Research for ANZ Financial Planning where she managed the APL, model portfolios, product management and the Investment Committee. She has also held senior product and marketing roles at ING Australia.

Michele studied management at University of Technology, Macquarie University, the diploma of financial services at Kaplan and superannuation governance at ASFA.

Paul Crisci
PORTFOLIO MANAGER, AUSTRALIAN EQUITIES

B.Ec (Hons)

Paul was appointed as Portfolio Manager Australian Equities in August 2017. In his role, Paul is responsible for the overall management and performance of our multi-manager Australian equities portfolios.

Prior to joining IOOF, Paul was a portfolio manager at Funds SA, where he was responsible for the management of the International Equities (global, small caps, emerging markets) and Australian equities asset classes worth $5.6bn and $5.7bn, respectively. During this time Paul was responsible for the development, monitoring and review of the overall sector strategies, along with manager selection. Additional responsibilities included the research and recommendation for investments in the alternative asset classes. During his time at Funds SA, Paul was also responsible for the development and production of the “Risk and Exposure” report across each asset class for the Board. Paul was a member of the Investment Review Committee.

Paul previously worked at Origin Energy, where he prepared gas demand forecasts and asset valuations of transmission and distribution pipelines and assisted in regulatory submissions for internal and external bodies.

Paul has completed level 2 of the Chartered Financial Analyst Program and is a member of the CFA Institute.

Liam Wilson
PORTFOLIO MANAGER

CIMA, B.Comm, M.AppFin

Liam is joined IOOF in 2020 and is the Portfolio Manager for the OptiMix and OnePath diversified portfolios, as well as global equities, REITs and listed infrastructure portfolios. This involves setting investment strategy, selection of fund managers, portfolio construction and implementing asset allocation tilts for the multi-asset portfolios.

Prior to IOOF, Liam held portfolio management responsibilities for Australian equities, global and emerging markets, and fixed income portfolios at ANZ Wealth. Previous to this, Liam was responsible for Australian equity fund manager research and market analysis, as well as research, development and implementation of the ING Investment Management (INGIM) overlay strategies within the Australian equities multi-manager portfolios.

Liam has over 17 years of financial market experience, commencing his career with the global investment research house Morningstar, where he worked as a performance analyst, focusing on portfolio performance analytics and ratings.

Liam holds a Bachelor of Commerce (majoring in Finance and Economics) from the University of Wollongong, and a Master of Applied Finance from Macquarie University. Liam is also a Certified Investment Management Analyst from the Investment Management Consultants Association.

Mark Nordio
SENIOR MANAGER FIXED INTEREST ASSETS AND STRATEGY

B.Comm (Hons), B.Sc

Mark joined IOOF in 2020 and is responsible for portfolio construction and manager selection for Australian and global fixed income and cash. Prior to IOOF Mark worked at ANZ/OnePath in a similar role.

Mark brings to the role over 20 years of Australian and global fixed income portfolio management experience, gained at some of the leading investment houses in Australia, namely County NatWest Investment Management Ltd (3 years), Barclays Global Investors (12 years), BlackRock (2 years) and Antares Fixed Income (5 years). More recently Mark designed the strategic asset allocation and selected the managers for the diversified fixed interest option for CommInsure.

Mark holds a Bachelor of Commerce (Honours) from the University of Melbourne (majoring in Econometrics and Economics) and a Bachelor of Science also from the University of Melbourne (majoring in Statistics and Operations Research).

Mark D’Arcy-Bean
ASSET MANAGER, PROPERTY

B.Sc (Hons) MRICS

Mark joined the IOOF property investment team after holding senior positions with Knight Frank and Colliers International, two of the largest and most respected property and asset management companies in Australia.

Prior to coming to Australia in 2006, Mark gained his property qualification in London and subsequently gathered deep experience working with leading British valuation and consulting organisations. Mark is a Chartered Surveyor and supports Simon in relation to all property asset classes and funds.

Tim Cooper
PERFORMANCE ANALYST

B.Sc (Hons)

Tim is responsible for providing quantitative assistance to the investment team which includes performance attribution analysis.

Tim holds a degree in Actuarial Mathematics & Statistics from Heriot-Watt University in Edinburgh. Prior to joining IOOF, Tim worked in actuarial teams at Legal and General in the UK and as a Performance and Investment Analyst at Telstra Super with both Steve Merlicek and Dan Farmer.

Outside work Tim is a keen footballer (round ball variety) in a central Victorian team and also enjoys gardening and beekeeping.

Daniel Ackland
INVESTMENT ANALYTICS MANAGER

B.Sc (Adv), M.Bus

Daniel joined IOOF in 2020 as the Investment Analytics Manager. In his role he provides investment risk and performance analytics and reporting to support the investment decision-making process. Prior to this, Daniel was at ANZ/OnePath in the same role.

Prior to this, Daniel was a Senior Analyst, responsible for ensuring that the portfolio construction and management process within the ANZ/OnePath Investment Team was conducted with appropriate risk and analytical methodologies. Daniel’s role involved monitoring and providing commentary on portfolio positions, volatility, and correlations, as well as providing investment support and input into the portfolio decision-making process.

Daniel has 12 years of industry experience in risk, quantitative and portfolio analytical roles. In his previous role as Portfolio Analytics and Quant Specialist at FactSet Research Systems, he had responsibility for sales and support of leading-edge portfolio analytics and risk systems across fund managers in Sydney and Brisbane.

Daniel holds a Bachelor of Science (Advanced), majoring in Mathematics and Physics, and a Master of Business, majoring in Entrepreneurship, both from the University of Sydney.

An introduction to investing

The principle of saving is well known. Money is put away in a savings account or term deposit, generally achieving a fixed rate of interest with minimal risk.

Unfortunately, a savings account can offer returns little better than inflation. In real terms, that means you may end up losing money on your initial investment.

Investing, on the other hand, is the commitment of money today which, with an appropriate level of risk, comes with the expectation of realising your future financial goals.

It's about making your money work harder for you than just saving alone can!

This guide aims to build your understanding of the fundamentals of investing and helps get you started on the path to securing your financial independence.

How much risk is right for you?

Part of any investment strategy involves determining the most appropriate asset allocation to meet your goals. The investment strategy that is most suitable for you is determined by a combination of factors, including your investor profile and your time horizon.

Different risk types

Please note these are sample profiles only of the MultiMix diversified funds – actual asset allocations may vary from fund to fund.

Diversified investment strategies

Growth of $10,000 over time*

* Past performance is not indicative of future performance and the value of investments may rise or fall. This performance chart is based on our current strategic asset allocations and is for illustrative purposes only.

Risk and return characteristics

Timeframe: 1 January 1993 to 30 June 2021.

Source: FactSet.

Data: Australian shares: S&P/ASX 300 Total Return Index | International shares: MSCI World (ex Aus) Net Total Return 30% Hedged to AUD | Listed real assets & unlisted assets: Pre 31/12/2005 MSCI World ex Australia Net Total Return 30% Hedged to AUD. Post 31/12/2005 50% FTSE EPRA/NAREIT Developed Rental Index ex Australia NR Hedged to AUD, 50% FTSE Developed Core Infrastructure 50/50 NR Hedged to AUD | Alternative growth: HFRI Fund of Fund Index, HFRI Fund of Fund Index Hedged to AUD from 31/12/2019 | Alternative defensive: Bloomberg AusBond Composite Bond Index 0-3 Years | Fixed interest: 50% Bloomberg AusBond Composite Bond Index 0+ Years and 50% Barclays Global Aggregate Hedged to AUD | Cash: Bloomberg Ausbond Bank Bill Index.

Download the PDF here

Important Information: This document is issued by IOOF Investment Services Ltd (IISL) ABN 80 007 350 405, AFSL 230703. IISL is a company within the IOOF Group which consists of IOOF Holdings Ltd ABN 49 100 103 722 and its related bodies corporate. This document contains factual information only and should not be relied on for decision making. This information in this document is based in part on information obtained in good faith from third party sources and is current as at September 2021. While this information is believed to be accurate and reliable at the time of publication, to the extent permitted by law, no liability is accepted for any loss or damage as a result of reliance upon it.

Getting to know investments

What is an asset class?

Asset classes are different investment categories and are the building blocks of an investment. The main asset classes are shares, property, fixed interest and cash.

Australian Shares

Australian shares are shares in companies listed on Australian stock exchanges. Shares or stocks are securities representing ownership in a company. When companies distribute profits (via dividends), the investor receives part of it and often Australian companies partially or fully pay the tax payable on company income (franking).

International Shares

International shares are shares listed on international stock exchanges. International shares can have the additional risk of movements in the value of the Australian dollar against foreign currencies. Changes in exchange rates will change the Australian dollar value of international shares. Fund managers can use strategies called derivatives to ‘manage’ investments against adverse currency movements.

Listed Real Assets (Property)

Property can include investments in listed property trusts (LPT) and other property securities. LPTs invest in a range of residential and commercial property, office buildings, hotels and industrial properties. LPTs are pooled property investments which are broken into units and listed on the stock exchange like shares in a company.

Fixed Interest

A fixed interest investment is a debt security issued by a bank, corporation or government in return for cash from an investor. The issuer of the debt is effectively a borrower and is required to pay interest on the loan for the life of the security. Fixed interest investments are valued on a mark to market basis, and as a result, their value may fluctuate. Fixed interest investments are generally higher risk than cash but lower risk than shares and property.

Cash

Cash funds are designed to offer a high degree of capital security relative to other asset classes. Generally, cash investments have a very low risk of capital loss. Examples include bank deposits and investments in fixed interest securities, including treasury notes and highly rated corporate debt securities which generally have a maturity of less than one year.

Key asset class performance^

Growth of $10,000 invested over time#

^Timeframe: 1 July 1983 to 30 June 2021.

#Timeframe: 1 January 1983 to 30 June 2021. Past performance is not indicative of future performance. Your investment is subject to investment risk, including possible repayment delays and loss of income and capital invested. Any case study is shown for illustrative purposes only and is not a prediction of the actual outcomes you will achieve. Listed real assets and international fixed interest are not included in the graph above because data is not available from 1983.

Source: FactSet.

Data: Australian shares: S&P/ASX 300 Total Return Index | International shares: MSCI World (ex Aust) Net Total Return Index in AUD | International listed property trusts: FTSE EPRA NAREIT (ex Aust) Total Return Index hedged to AUD | Australian fixed interest: Bloomberg AusBond Composite 0+ Years | International fixed interest: Bloomberg Barclays Global Aggregate hedged in AUD | Cash: Bloomberg Ausbond Bank Bill Index | Inflation: Consumer Price Index.

Note: Alternative assets do not have a standardised index so have not been included in the table or graph.

Download the PDF here

Important Information: This document is issued by IOOF Investment Services Ltd (IISL) ABN 80 007 350 405, AFSL 230703. IISL is a company within the IOOF Group which consists of IOOF Holdings Ltd ABN 49 100 103 722 and its related bodies corporate. This document contains factual information only and should not be relied on for decision making. This information in this document is based in part on information obtained in good faith from third party sources and is current as at September 2021. While this information is believed to be accurate and reliable at the time of publication, to the extent permitted by law, no liability is accepted for any loss or damage as a result of reliance upon it.

Responsible Investing

There's broad agreement across the asset management community that Environmental (E), Social (S) and Governance (G) factors can materially impact a company's operational and financial performance and, in turn, investor returns.

'Responsible investing' is shorthand for integrating the assessment of ESG factors into the investment process.

ESG factors can include:

Drawing from extensive industry as well as academic evidence, responsible investing recognises companies that:

  • act with an environmental duty of care
  • have the support of communities in which they operate, and
  • have transparent and robust governance processes and standards, are more likely to deliver sustainable long-term investment returns than those that fall short on these grounds.
 
Why does responsible investment make sense?

Intuitively too, responsible investing makes sense. If, for example, a company doesn't take into account physical risks such as risks arising from pollution (E), does not properly manage its human capital by underpaying workers (S), or has weak oversight of key management functions (G), it will likely experience adverse economic consequences at some point, which in turn will negatively impact its value.

Owing to all of this, we believe ESG factors matter when making investment decisions.

 
How do we* invest responsibly?

To help your clients understand how we invest responsibly, please download What is responsible investment. This includes examples of responsible investment in IOOF funds. You can also read more about our core Responsible Investment beliefs here.

IOOF is a member of the Responsible Investment Association Australasia (RIAA) a group that helps to support and inform our responsible investment policies.

 
More information

* IOOF Investment Services Limited (IISL) where it acts as a Responsible Entity/trustee of a managed investment scheme

Our solutions

Put simply, a multi-manager fund provides a professionally constructed portfolio that has multiple layers of diversification – across multiple managers, multiple investment styles and in some cases multiple asset classes.

We offer you a choice of two multi-manager ranges:

IOOF MultiSeries

A range of funds that are predominantly actively managed and offered at a lower cost when compared to other active funds.

Find out more
IOOF MultiMix

For those that prefer to have access to our comprehensive menu of active managers, IOOF MultiMix is our premium range of fully-active multi-manager funds.

Find out more
Why use a multi-manager solution?
Our team

Our impressive investment capabilities are driven by our investment team and structure. Each asset class has a dedicated portfolio manager who enjoys support from a host of support staff including analysts and investment specialists. Furthermore, the team benefits from the strong support of our additional research capabilities, namely through our asset consultant Mercer.

Dan Farmer
CHIEF INVESTMENT OFFICER

B.Ec (Hons), M.Com (Hons)

Dan was appointed to the role of Chief Investment Officer in July 2017 and is a member of the Investment Management Committee. Dan is responsible for overseeing the team, overall performance of all funds, managing risk and delivering superior investment outcomes to investors. Prior to this, Dan managed the Australian Equities portfolio for seven years and during this time he successfully implemented the boutique program and defensive equities portfolio.

Prior to joining IOOF, Dan was Senior Executive Investments at Telstra Super, managing the fund’s $3 billion Australian equity portfolio for seven years. During this period Telstra Super’s Australian equity product consistently ranked highly in the SuperRatings performance survey. Dan was also Portfolio Manager responsible for day to day management of internally managed Australian share portfolios at Telstra Super totalling over $450 million.

Dan holds a Bachelor of Economics (Honours) from La Trobe University in Melbourne and a Master of Commerce (Honours) from the University of Melbourne. Prior to joining IOOF, Dan was a Senior Executive in Investments at Telstra Super.

Stanley Yeo
HEAD OF STRATEGY AND EQUITIES

B.Com, LLB (Hons), CFA

Stanley has been employed by IOOF since September 2010. Stanley was appointed to the role of Deputy Chief Investment Officer in July 2017 and Head of Equities in June 2020 and is responsible for managing a team of portfolio managers and analysts responsible for Australian and International Equities.

Prior to this he was the Portfolio Manager for Strategy and International Equities responsible for strategy and asset allocation of the diversified products of IOOF's multi-manager funds, and also managed the International Equities portfolio. He also previously managed the Fixed Interest and Cash portfolios.

Stanley holds a Bachelor of Laws (Hons), a Bachelor of Commerce and is a Chartered Financial Analyst. Prior to joining the investment team, Stanley was a Senior Consultant at Russell Investments. He has advised on strategic asset allocation, portfolio construction and implementation to large Asian sovereign wealth funds and large corporate superannuation funds. He actively managed and implemented the strategic asset allocation of the BHP Billiton Superannuation Fund to achieve consistent first quartile returns. Prior to this role, Stanley was an Investment Analyst at Gartmore Investment, UK. Outside of work, Stanley has a keen interest in travel and food.

Manish Utreja
HEAD OF ALTERNATIVES & PORTFOLIO MANAGER SMART CHOICE

CAIA, CFA, M. Fin

Manish is the Head of Alternatives and Portfolio Manager of Smart Choice. Manish joined IOOF in 2020 and prior to this he was Portfolio Manager for OptiMix at ANZ/OnePath, setting investment strategy, portfolio construction and implementing asset allocation tilts for the multi-asset portfolios.

Prior to ANZ, Manish worked at ING Investment Management (INGIM) from August 2010 and was initially responsible for the portfolio management of multi-manager Global Emerging Markets, India and China portfolios. In addition, Manish assisted in the management of multi-manager global equities portfolio.

Before joining INGIM, Manish worked with ING OptiMix in India as Head of Research and Development in 2007-08 where he was responsible for fund manager research and assisting in portfolio construction across different product offerings. Prior to that he was an Investment Consultant/Analyst for Mercer, servicing super funds and wealth management clients on a wide range of investment matters including strategic asset allocation, portfolio construction and manager selection.  

Manish has 20 years’ experience in the financial services industry in Australia, India and the UK. He is a CAIA and CFA charter holder and Master of Finance graduate from the University of New South Wales.

Osvaldo Acosta
HEAD OF FIXED INTEREST ASSETS

B.Bus, M.Com

Osvaldo joined the IOOF Investment Team in December 2016 as Portfolio Manager Fixed Income and is currently the Head of Fixed Interest Assets responsible for portfolio management and performance of the various fixed income portfolios at IOOF. He has over 19 years industry experience within fixed income and capital markets.

Prior to joining IOOF, Osvaldo worked at Western Asset Management, a specialised global fixed income manager, where he was part of the investment management team responsible for portfolio management, trading and implementation of interest rate strategies across a number portfolios, including traditional fixed income, specialist credit, annuity matching funds, global mandates and cash/cash enhanced.

Prior to Western Asset Management, Osvaldo also held various senior roles in fixed income, treasury and capital markets within major Australian corporates.

Kerry Duce
HEAD OF ASSET ALLOCATION

B.Econ (Hons), M.Econ (Hons)

Kerry heads up the Asset Allocation team and is responsible for working with stakeholders to formulate Strategic Asset Allocation (SAA) recommendations across IOOF’s suite of diversified funds as well as Dynamic Asset Allocation (DAA). He joined IOOF as part of the ANZ Wealth transition.

Kerry brings to the role over three decades of experience in public policy and financial markets as a highly-rated Analyst and Economist. He joined ANZ’s Chief Investment Office (CIO) in November 2014 as the Senior Investment Strategist, where he has played a key role in the development of the investment strategy and tactical asset allocation views for use across diversified portfolios. Before joining the CIO he worked in ANZ Global Markets as an Investment Strategist and was responsible for research and strategy for international debt and credit markets.

Kerry has also held senior roles at Credit Suisse (International Economist and Equity Market Strategist) and Merrill Lynch (Chief Equity Strategist and Deputy Head of Research). At Merrill Lynch Kerry was responsible for developing top down earnings forecasts for the Australian equity market and developing a range of stock portfolios (value, growth and high conviction) for buy side analysts. He was also previously Head of Asset Allocation at HSBC Asset management, responsible for SAA and TAA.

Prior to joining the private sector, Kerry worked at the Commonwealth Treasury from 1988 to 1998. At the Treasury Kerry contributed to public policy in structural reform (transport, tariffs and labour market), fiscal policy (tax reform and revenue forecasts), and analysing economic conditions and forecasting the outlook for the domestic (including the establishment of the business liaison framework) and international economies as input into the Budget process and the Joint Economic Forecasting Group (JEFG).

Kerry holds a Bachelor of Economics from the University of Newcastle and a Master of Economics from the University of NSW.

Rhodri Payne
HEAD OF MULTI-ASSET TRANSFORMATION

BSBA, MBA

Rhodri has been with IOOF since September 2008 and is currently the Head of Investment Execution responsible for internal equity and currency hedging strategies, while also providing transition management and implementation solutions for the investment team. He provides investment support which includes research, analysis and manager monitoring to the other portfolio managers with an emphasis on the Australian Equity portfolio. Previously he was the Portfolio Manager - Internal Equities, Currency and Implementation.

Rhodri holds a Bachelor of Science in Business Administration (Finance/Economics major) and a Master of Business Administration. Outside of work Rhodri enjoys playing golf and soccer, the latter being a sport in which he represented New Zealand at junior level.

Simon Gross
HEAD OF PROPERTY

Ass. Dip - Valuation

Simon is the Head of Direct Property and as such is responsible for all of the IOOF property products. He is a qualified property valuer and has managed the MultiMix Direct Property portfolio since 2004.

Simon is also responsible for the Australian and global listed property holdings of IOOF's multi-manager products. He holds an Associate Diploma – Valuation.

He joined the industry in 1980 and has worked for a number of leading investment institutions including Australian Fixed Trusts and GIO Australia where he gained extensive experience in senior roles managing substantial national property portfolios with values exceeding $1 billion. Outside work Simon is a keen soccer supporter and keeps fit with regular sea kayak and mountain bike excursions.

David Djukanovic
HEAD OF EXPOSURE MANAGEMENT AND TRADING

David is responsible for managing the team that provides portfolio execution, currency management, and dealing (and middle office support) across IOOF products in Australia. He joined IOOF in 2020 as part of the ANZ Wealth transition.

Previously David was Manager – Currency and Portfolio Implementation, ANZ Chief Investment Office, responsible for the management of portfolio exposures, derivative overlay strategies, and FX hedge strategy implementation and execution.

With over 16 years’ industry tenure, David has extensive investment-related experience, particularly in the areas of diversified and overlay portfolio management.

During his tenure at ING Investment Management (INGIM), David was responsible for the management of cash and liquidity levels across diversified and single sector portfolios and provided portfolio management support including derivative execution, exposure management, forecasting and transition management.

David has extensive investment-operational knowledge garnered through previous roles, notably leading lean six sigma project work relating to investment funding processes. Before joining INGIM, David was Relationship Manager for ING Australia’s wholesale investment trusts.

Michele Streight
HEAD OF INVESTMENT GOVERNANCE AND TRANSFORMATION

B.A., Dip. FS (FP)

Michele is responsible for ensuring IOOF’s investment products are appropriately managed, monitored and reported in accordance with good investment governance principals. She is also responsible for effective governance within the Investment Team including the operation of the principal Investment governance forum, board reporting and investment communications. She manages all investment policies, procedures and governance documents.

Michele brings more than 20 years financial services experience. Prior to joining IOOF, she was Senior Manager Investment Transformation and Governance for ANZ’s Chief Investment Office (CIO) for seven years where she led and managed priority investment related transformation projects including the implementation of the CIO’s operational risk and compliance frameworks across Australia, New Zealand and Asia. Prior to that she was the Senior Manager, Product & Research for ANZ Financial Planning where she managed the APL, model portfolios, product management and the Investment Committee. She has also held senior product and marketing roles at ING Australia.

Michele studied management at University of Technology, Macquarie University, the diploma of financial services at Kaplan and superannuation governance at ASFA.

Paul Crisci
PORTFOLIO MANAGER, AUSTRALIAN EQUITIES

B.Ec (Hons)

Paul was appointed as Portfolio Manager Australian Equities in August 2017. In his role, Paul is responsible for the overall management and performance of our multi-manager Australian equities portfolios.

Prior to joining IOOF, Paul was a portfolio manager at Funds SA, where he was responsible for the management of the International Equities (global, small caps, emerging markets) and Australian equities asset classes worth $5.6bn and $5.7bn, respectively. During this time Paul was responsible for the development, monitoring and review of the overall sector strategies, along with manager selection. Additional responsibilities included the research and recommendation for investments in the alternative asset classes. During his time at Funds SA, Paul was also responsible for the development and production of the “Risk and Exposure” report across each asset class for the Board. Paul was a member of the Investment Review Committee.

Paul previously worked at Origin Energy, where he prepared gas demand forecasts and asset valuations of transmission and distribution pipelines and assisted in regulatory submissions for internal and external bodies.

Paul has completed level 2 of the Chartered Financial Analyst Program and is a member of the CFA Institute.

Ray King
PORTFOLIO MANAGER, ALTERNATIVES

B.Ec (Hons)

Ray is responsible for delivering the strategy, growth and investment performance of the IOOF Alternatives Portfolio.

Ray has over 25 years solid industry experience. Ray commenced working in the industry at Towers Perrin in 1990 where he was Manager, Asset Consulting. In 1994 he joined Industry Fund Services where he was responsible for the development of its asset consulting and funds management businesses. In 2000 Ray founded Sovereign Investment Research providing specialist investment advice and consulting to institutional investors and investment managers. Ray was the founding Chairperson of the Australian Chapter of IMCA in 2000 and made a Life Member in 2012.

Ray has a Bachelor of Economics (Honours) from Monash University and prior to joining the investment industry he was Chief Economist with the SECV and Telstra.

Mark D’Arcy-Bean
ASSET MANAGER, PROPERTY

B.Sc (Hons) MRICS

Mark joined the IOOF property investment team after holding senior positions with Knight Frank and Colliers International, two of the largest and most respected property and asset management companies in Australia.

Prior to coming to Australia in 2006, Mark gained his property qualification in London and subsequently gathered deep experience working with leading British valuation and consulting organisations. Mark is a Chartered Surveyor and supports Simon in relation to all property asset classes and funds.

Tim Cooper
PERFORMANCE ANALYST

B.Sc (Hons)

Tim is responsible for providing quantitative assistance to the investment team which includes performance attribution analysis.

Tim holds a degree in Actuarial Mathematics & Statistics from Heriot-Watt University in Edinburgh. Prior to joining IOOF, Tim worked in actuarial teams at Legal and General in the UK and as a Performance and Investment Analyst at Telstra Super with both Steve Merlicek and Dan Farmer.

Outside work Tim is a keen footballer (round ball variety) in a central Victorian team and also enjoys gardening and beekeeping.

Charles Kneale
NATIONAL SPECIALIST - IOOF MULTI-MANAGER INVESTMENTS SOLUTIONS (VIC, WA, SA, TAS)

DipFP, SAFin

Charles has over 30 years financial services experience and is currently responsible for providing support to those financial advisers that use IOOF MultiSeries and IOOF MultiMix range of funds. In his role, he is also responsible for the investment division’s relationship with external research houses.

Charles has a professional membership with FINSIA and has completed his Certificate of Financial Markets and Diploma of Financial Planning. Prior to joining IOOF, Charles worked as a senior financial planner. His career includes business development roles with renowned companies such as Citibank Ltd and Dow Jones.

Outside work Charles has a strong interest in sport. Early in his career he was a registered tennis professional where he toured with some of Australia’s junior elite players.

Tim Casey
NATIONAL SPECIALIST – IOOF MULTI-MANAGER INVESTMENTS SOLUTIONS (NSW, ACT, QLD)

B.Comm – Banking and Finance

Tim’s 20 plus years’ experience in the financial services sector, combined with his tertiary studies, provides an extensive knowledge of investment markets.

In his current role as Investments Specialist, NSW, ACT and QLD, Tim is responsible for promoting to and educating advisers on the IOOF Multi-Manager suite of products, where he partners with advisers to find the most suitable investment solutions/product for their clients.

Neil Armistead
NATIONAL INVESTMENT SPECIALIST – PRACTICE MANAGEMENT

CFP®, Dip FP, FChFP (AFA)

Neil has over 40 years’ experience in banking, finance and business with the last 28 years in the financial services industry. Neil ran his own financial planning practice for the 12 years prior to joining IOOF in a practice management capacity after selling his practice in 2016.

In his current role as National Investment Specialist – Practice Management, Neil dedicates himself to assisting financial planning practices in improving their practice efficiencies and investment management strategies in a time of many challenges.