Elston Update: International Manager Changes

10th February 2025

One new strategy has been added to the International equities component of multi-asset portfolios, Life Cycle Global Share Fund. Additionally, the allocations to Betashares Global Share Currency Hedged ETF (ASX:HGBL) and Plato Global Share Income Fund have been increased. The changes have been funded by the sale of AB Global Equities.

What we like about Life Cycle:

The experienced investment team spun out of Royal London Asset Management last year. The new entity Life Cycle Investment Partners (LIP) is backed and partially owned by ASX listed Pinnacle Investment Management.
There are no changes to the investment approach from when the Team was at Royal London.
As a refresher, their investment philosophy is distinctive, viewing the investment universe through a corporate life cycle lens.
The belief that companies are able to generate value irrespective of their life cycle stage, to which the team has the ability to assess company fundamentals in the context of where the company sits on the lifecycle.
The diversified portfolio across all stages of the life cycle aims to deliver consistent performance from stock selection while minimising style and factor risks.
An extremely competitive fee relative to peers.

The Life Cycle strategy fits into the “Core allocation” of our International Equities exposure and together with Ironbark Robeco, provide the ability to deliver capital growth over the long term.

We view the Australian dollar as being undervalued and have increased the allocation to ASX:HGBL, taking advantage of the recent decline in the AUD/USD exchange rate.

As always, thank you for your support, and additional information on the adjustments is available in the video update.

Warnings and disclosures

This material has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this material is General Advice and does not take into account any person’s individual investment objectives, financial situation or needs. Before making an investment decision based on this advice you should consider whether it is appropriate to your particular circumstances, alternatively seek professional advice. Where the General Advice relates to the acquisition or possible acquisition of a financial product, you should obtain a Product Disclosure Statement (“PDS”) relating to the product and consider the PDS before making any decision about whether to acquire the product. You will find further details of the service we provide and any cost to you within the Financial Services Guide. Any references to past investment performance are not an indication of future investment returns. Prepared by EP Financial Service Pty Ltd ABN 52 130 772 495 AFSL 325 252 (“Elston”). Although every effort has been made to verify the accuracy of the information contained in this material, Elston, its officers, representatives, employees and agents disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained in this material or any loss or damage suffered by any person directly or indirectly through relying on this information.