Tasmanian Perpetual Trustees have today announced a change in Investment Manager for both the Tasmanian Perpetual Trustees Equity Fund and Tasmanian Perpetual Trustees Leaders Imputation Fund. The change, which takes effect immediately, will see GMO’s Australian Equity Trust replaced with the Vanguard Australian Share Fund.
Vanguard are one of the world’s largest and most respected investment management companies managing a significant amount of funds under management on behalf of investors, with the Australian Shares Index Fund alone being almost $5.5 billion in size. This decision has been made in an endeavor to improve returns to our investors.