- 4 November 2015 11:16
GBST Tax Aware Investment Services added to MSCI Global Index Series for First Time
MSCI Indices, such as MSCI World, MSCI Emerging Markets, MSCI Asia and MSCI Europe are widely used indices for Global Equities benchmarks by Australian superannuation funds that increasingly need to perform in-depth after-tax analysis of the performance of their external and internal fund managers.
The service provided by GBST will offer a concrete solution to the objective to provide after-tax performance measurement and a basis for after-tax analytics for superannuation funds in Australia, in-line with the recommendations of the Cooper Review and MySuper legislation. This is the first time after-tax calculations have been made available on MSCI global indexes, the most widely-used indexes for superannuation funds.
The announcement ensures that the already significant number of superannuation funds now relying on GBST Quant for after-tax calculations on Australian Equities investment management now have access to a wider array of accurate, customisable benchmarking for their global equities portfolios.
“Our superannuation fund clients have an increasing need for accurate after-tax calculations, based around the MSCI global indexes, which are used by the majority of superannuation funds in Australia.” said Chris Ryan, Managing Director and Head of Asia Pacific for MSCI. “This initiative between GBST and MSCI will enable superannuation funds to provide members and stakeholders with a clear picture of the performance of their funds.”
“Our agreement with MSCI extends the after-tax analytics capabilities of the GBST Quant solution to the benefit of the many MSCI-benchmarked investors in Australia,” said Kathy Taylor-Hofmann, Head of Business Solutions, and Wealth Management at GBST.
About GBST - www.GBST.com
GBST is a provider of software and services to the global financial services industry. It has more than 25 years’ experience delivering innovative, robust and reliable solutions for capital markets, securities processing and wealth administration. Established in Australia, where over 90% of adviser investment business is carried out through wraps, GBST is the leading provider of wrap platform solutions in its local market with in excess of A$250bn under administration.
Further Information from:
Cathryn van der Walt, 12 Worlds
M: +0402 327 633 E: Cathryn@12worlds.com