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Warakirri and GBST partnership extends support to superannuation funds for tax-aware investing

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Published: 22/09/2020

Boutique investment manager Warakirri Asset Management (Warakirri) has extended its after-tax services partnership with global financial technology provider GBST, to support superannuation funds with their global equities benchmarks.

Warakirri and GBST have worked together for over 10 years, providing after-tax services to the superannuation industry based on custom after-tax benchmarks for Australian equity portfolios.

This extended partnership will allow Warakirri clients to access after-tax services based on the global MSCI after-tax benchmarks index series which GBST has been providing to the broader Australian market since 2015. With global equities an increasingly important asset class for superannuation funds and after-tax returns under scrutiny by members, trustees and the prudential regulator, this new service to Warakirri provides funds with a robust solution to measure the true after-tax performance of not only their domestic, but now global equity, portfolios.

Jim McKay, Warakirri Managing Director said: “Warakirri is a leading provider of after-tax reporting and performance analytics to superannuation funds and fund managers in Australia. We have been benchmarking Australian equities portfolios on an after-tax basis since 2007, and through our long-term relationship with GBST, we are pleased to extend our services to include global benchmarks and performance analytics for the Australian superannuation industry.”

GBST is the first globally accredited provider of MSCI Global Index custom after-tax benchmarks. MSCI indexes such as MSCI World, MSCI Emerging Markets, MSCI Asia and MSCI Europe are global benchmarks widely used by superannuation funds.

Kathy Taylor-Hofmann, Business Solutions Executive at GBST said: “We are committed to helping superannuation funds improve member outcomes through tax-aware investing. So, it is fantastic to extend our after-tax benchmark offering and existing relationship with Warakirri to cover both after-tax S&P domestic, and now MSCI global, benchmarks.”

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