Insight articles

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Corporate
Debt Investments
Infrastructure
Listed Equities
Private Equity
Economics

Private Equity

A perspective on embedding ESG considerations into Private Equity’s value creation approach

David Odgers,
Executive Director

Harnessing the compelling opportunity we see to embed ESG considerations into the private equity value creation approach requires alignment of purpose, strategy and actions at the investment team and portfolio company levels.

Economic Update

Economic Update September 2022

Alex Joiner,
Chief Economist

Advanced economies continue to navigate a challenging environment. Inflation remains elevated and central banks have signalled that a painful period of adjustment lies ahead. Households are set to bear the brunt and recession risk is increasing.

Debt Investments

Credit Insight: Trends in Asset Backed Securities

Andrew Beales,
Associate

Monetary policy tightening and rising interest rates have the potential to negatively impact asset backed securities as these financial instruments are usually backed by consumer loans. This has implications for credit portfolios.

Infrastructure

Infrastructure – rising rates and the "natural hedge"

Michael Landman,
Executive Director

The positive linkages that some infrastructure assets have to inflation and economic growth can provide a natural hedge that may be sufficient to offset the negative valuation impacts of higher global interest rates.

Infrastructure

Harnessing technological trends within infrastructure

IFM Investors

Rapid technological changes are challenging historical assumptions about how infrastructure assets are operated and designed, and shifting the way consumers interact with infrastructure companies.

Listed Equities

How ‘core’ equity strategies can meaningfully contribute to the climate transition

Laurence Irlicht,
Executive Director

We believe active corporate engagement coupled with targeted use of modest tracking error budgets can help enable ‘core’ Australian equity strategies to simultaneously satisfy Your Future, Your Super requirements and have a role in decarbonisation.

Economic Update

Economic Update June 2022

Alex Joiner,
Chief Economist

Frans van den Bogaerde,
Economist

The global growth outlook continues to soften, with rampant inflation and the challenging withdrawal of the extremely accommodative monetary settings, but policy tightening is the correct course of action for central banks.

Infrastructure

The role of infrastructure investment in climate risk management

Zachary May,
Executive Director, Strategy and Policy

Investors should consider positioning their infrastructure exposure for the pathway to Net Zero, with both transition and clean economy infrastructure portfolios having a climate change mitigation role to play.

Debt Investments

Inflation: considerations for real assets

Darren Pasco,
Investment Director

Alex Joiner,
Chief Economist

A spike in inflation like the recent one in advanced economies has not been experienced for decades and it has important implications for real asset investments.

Infrastructure

Resilience and Transition: Infrastructure Outlook

Kyle Mangini,
Global Head of Infrastructure

Macro-themes and disruptions that are shaping the infrastructure sector and creating investment opportunities include renewables and digital infrastructure, and closer partnerships with governments.

Private Equity

Buy and Hold: the role of long-term private capital in your portfolio

Jeremy Larkin,
Executive Director

Recently there has been an increase in private equity funds being raised with a focus on longer-dated investment strategies, often referred to as Long-Term Private Capital (LTPC).

Private Equity

Deals down under: why private equity investors should look to the Australian mid-market

Adrian Kerley,
Executive Director

Private capital investors are increasingly recognising what the Australian market has to offer - especially in the lower-middle market, with its large opportunity set and robust returns with lower risk.

Debt Investments

Integrating ESG analysis into infrastructure debt investments

Jacob Otto,
Debt Product Specialist

Phelim Bolger,
Director, IFM Investors

Incorporating ESG analysis in infrastructure debt is not just about investing in greener, more sustainable assets, it is also a key element of managing investment risk.

Economic Update

Economic Update March 2022

Alex Joiner,
Chief Economist

Hawkish monetary policy tightening expectations and the Russian invasion of Ukraine are both impacting at a time when many economies remain vulnerable. This is making the already challenging job of central bankers even harder.

Corporate

Investor Agenda’s case study of IFM’s path to net zero

IFM Investors

Investor Agenda, a collaboration of several investor groups that are focused on reducing greenhouse gas emissions, has written a case study on IFM Investors as part of its Investor Climate Action Plan scheme (ICAPs).

Economic Update

2022 Economic Outlook

Alex Joiner,
Chief Economist

In 2022, we expect policymakers to work towards fixing global supply-demand imbalances. So asset markets will need to cope with policy normalisation, slowing growth rates and the Omicron COVID variant that presents downside growth risks.

Economic Update

Economic Update December 2021

Alex Joiner,
Chief Economist

Policymakers globally face the unenviable task of guiding the transition to a new normal, with a focus on fixing supply-demand imbalances and helping both inflation and unemployment to fall. There is little room for error.

Corporate

2021 Responsible Business Report

David Neal,
Chief Executive

Our financial performance for our investors is underpinned by our responsible business activities that aim to manage investment risks and opportunities in ways that contribute to a strong global economy, inclusive societies and a cleaner environment.

Infrastructure

Staying invested and managing the infrastructure climate transition

Anna Engwerda-Smith,
Director, Policy and Research

Transitioning infrastructure assets to a net zero world is necessary, but not easy. Pension funds are well placed to take part given their alignment with members’ interests and patient, long-term, investment horizon.

Corporate

Accelerating gender diversity in Australian workplaces

IFM Private Equity Executive Network Panel Profile

Helen Kurincic, the Chair of two ASX listed companies and a member of IFM’s Private Equity Executive Network Panel, discusses the changes that are needed to move Australia towards more gender diverse and inclusive workplaces.

Economic Update

Economic Update September 2021

Alex Joiner,
Chief Economist

Many advanced economies are close to ‘peak rebound’ from pandemic driven recessions, with the tailwinds of expansionary fiscal and monetary policy set to fade and supply constraints posing a headwind to future growth.

Debt Investments

Infrastructure debt – Opportunities in the post-COVID recovery

Phelim Bolger,
Director, IFM Investors

As economies rebuild post-COVID, aided by government infrastructure investment, we expect increasing investment opportunity in infrastructure debt that can provide resilient income and relatively low risk compared to other fixed income alternatives.

Economic Update

Economic Update June 2021

Alex Joiner,
Chief Economist

Advanced economies will experience stronger near-term growth as economies re-open and are fuelled by ongoing stimulus. Recent US inflation concerns have impacted markets but should be transitory as demand and supply normalise following the recovery phase.

Economic Insight

The impact of unlisted infrastructure assets on portfolios

Alex Joiner,
Chief Economist

Frans van den Bogaerde,
Economist

Unlisted infrastructure has the potential to provide solid returns in a low-yielding world that can facilitate effective portfolio diversification and contribute to improved risk adjusted returns.

Listed Equities

IFM Active Equities: Research Recap 2020

Rob Pinnuck,
Executive Director, Active Large Cap Equities

Lachlan Davis,
Head of Active Large Cap Equities

Proprietary empirical research and testing are key components of our approach to managing Active Large Cap Equities. This article summarises four whitepapers our team delivered in 2020 and outlines the key implications for active equity portfolios.

Economic Update

Economic Update March 2021

Alex Joiner,
Chief Economist

Global economies have come through what appears to be the worst of the COVID-19 crisis, with continued policy support and the roll out of vaccines giving rise to a relatively optimistic outlook.

Corporate

IFM Investors 2020 Climate Change Report

Chris Newton,
Executive Director, Responsible Investment

Our inaugural 2020 Climate Change Report outlines the work underway to manage climate change risk across our investment portfolios. It is in the format recommended by the Taskforce on Climate-related Financial Disclosures (TCFD).

Infrastructure

IFM Investors Australian Infrastructure FY20 Carbon Footprint

Kyle Mangini,
Global Head of Infrastructure

The Australian Infrastructure Portfolio FY20 Carbon Footprint Summary Report forms part of our ongoing effort and multi-year strategy to manage climate risk in the interests of our investors and their members and beneficiaries.

Infrastructure

IFM Investors Global Infrastructure 2019 Carbon Footprint

Kyle Mangini,
Global Head of Infrastructure

The Global ex-Australia Infrastructure Portfolio Carbon Footprint Summary Report 2019 forms part of our ongoing effort and multi-year strategy to manage climate risk in the interests of our investors and their members and beneficiaries.

Infrastructure

InFRAME - An enduring methodology for building infrastructure portfolios

Michael Landman,
Executive Director

Our proprietary risk management system – InFRAME – helps guide the decision-making process in constructing balanced, core infrastructure portfolios. Almost a decade on, our investment philosophy and framework have remained fundamentally sound.

Corporate

Managing climate risk in investment portfolios

Chris Newton,
Executive Director, Responsible Investment

This article is the second in a two-part IFM series on climate-related investment risks. It explains how we are managing climate-related risks in our investment portfolios, our achievements to date and goals for the future.

Corporate

The investment risks of climate change

Chris Newton,
Executive Director, Responsible Investment

This article is the first in a two-part IFM series on climate-related investment risks. It covers how we assess and better understand climate-related investment risks across our four asset classes – infrastructure, equities, debt and private equity.

Corporate

2020 Responsible Business Report

David Neal,
Chief Executive

We are taking practical action to champion our responsible business ideals in our investment decision making and stewardship activities, as well as our own practices as a global employer and investor.

Economic Update

Economic Update December 2020

Alex Joiner,
Chief Economist

Globally, a surge in COVID-19 in Q4 will weigh on near term growth, although the announcement of several promising vaccines has provided some light at the end of the tunnel.

Corporate

Video: IFM commits to net zero emissions by 2050

David Neal,
Chief Executive

We have committed to reducing greenhouse gas emissions across our asset classes targeting net zero by 2050. Spearheaded by our investment team, we have established a multi-disciplinary taskforce to support this commitment.

Infrastructure

Building retirement savings while preserving community trust

Phelim Bolger,
Director, IFM Investors

Pension funds need to understand and anticipate the community’s implicit expectations about how they should invest in and manage community infrastructure assets in order to make these investments successful and maintain their social licence to operate.

Debt Investments

How we manage ESG risk in debt portfolios

Hiran Wanigasekera,
Executive Director, Debt Investments

Clint Dempster,
Investment Director (Australia)

Our recently refined approach to managing ESG factors within our diversified credit business is more transparent for our clients and supports our increasing level of investment in private debt.

Corporate

Year in Review

David Neal,
Chief Executive

Our performance over the year to 30 June 2020 has demonstrated the value of our distinct investor-aligned model and reinforced our purpose to protect and grow the retirement savings of millions of working people across the world.

Economic Update

Economic Update September 2020

Alex Joiner,
Chief Economist

The economic shock caused by the COVID-19 crisis is severe - many countries have suffered the steepest fall in output since official records began, most are in recession and the path to recovery is anything but certain.

Infrastructure

Building Australia Model

David Neal,
Chief Executive

Australia’s pool of superannuation savings are ready to be deployed for major infrastructure projects. To this end, IFM Investors is proposing a new infrastructure investment model to better meet the needs of governments and the public.

Debt Investments

Will Australian interest rates go negative?

Kashi Trathen,
Associate Director, Debt Investments

Jo Niall,
Senior Investment Writer

In the midst of a global pandemic, with central banks providing significant liquidity to financial markets and experimenting with unconventional policies, the prospect of negative interest rates is back in focus.

Debt Investments

Cash in a post COVID-19 world

Kashi Trathen,
Associate Director, Debt Investments

Jo Niall,
Senior Investment Writer

The RBA’s response to COVID-19 market illiquidity was effective in restoring confidence, but it has also altered the way short-term interest rate markets are functioning. This may have implications for the future management of cash portfolios.

Infrastructure

Australian Infrastructure FY 2019 Carbon Footprint Summary

Kyle Mangini,
Global Head of Infrastructure

The FY 2019 Australian Infrastructure Carbon Footprint Summary reports a 7.9% reduction in emissions, reflecting ongoing efforts to reduce carbon emissions and increase energy efficiencies across the portfolio.

Corporate

Response to the Coronavirus Outbreak

Josh Lim,
Deputy Chief Executive

Our response to the COVID-19 coronavirus pandemic prioritises the safety and wellbeing of the public and our employees, and details plans to protect our investments and millions of people’s retirement savings.

Economic Update

Economic Update March 2020

Alex Joiner,
Chief Economist

The cautious optimism that greeted 2020 has already evaporated, following the emergence of a new virus. A material global economic impact is likely, but much uncertainty surrounds its severity and duration, and the policy response.

Listed Equities

The ethics of shorting and the risk of “infinite” losses

Mark McClatchey,
Executive Director, Active Large Cap Equities

Short selling remains controversial and raises issues that investors should consider, including the ethics of shorting and the risk of “infinite” losses if the company’s share price rises rather than falls.

Corporate

Video: The significance of ESG risks for institutional investors

Greg Combet
IFM Investors Chair

In this video Greg Combet discusses the real investment risks associated with climate change, corporate governance and other ESG issues. He also speaks about balancing decarbonisation with jobs and the economy.

Corporate

IFM Investors 2019 Responsible Business Report

Brett Himbury,
Former Chief Executive 2010 - March 2020

Investor alignment and a long-term, responsible approach continues to underpin our competitive performance as we work to protect and grow the retirement savings of over 30 million working people globally.

Listed Equities

Small caps – what we look for in miners and explorers

Jim Copland,
Executive Director. Small Caps

When it comes to assessing small cap mining and explorer stocks, IFM Investors looks for five key attributes: quality, liquidity, a pathway to rerating, ESG compliance and portfolio fit.

Economic Update

Economic Update December 2019

Alex Joiner,
Chief Economist

The past year was characterised by a global slowdown, precipitated by increasing geopolitical uncertainty and heightened trade frictions.

Economic Insight

The case for ‘mid-risk’ assets in a ‘lower for longer’ interest rate world

Alex Joiner,
Chief Economist

Mid-risk assets are becoming relatively more attractive as they provide much needed diversification and solid expected returns that are less correlated and less volatile than traditional listed assets.

Corporate

Supporting our people and their careers

Amelia McArdle,
Global Head of People and Culture

IFM Investors is committed to promoting a diverse and inclusive workplace culture, where all people are valued and recognised for their unique qualities, backgrounds and perspectives.

Debt Investments

Cash Portfolios in a Low Interest Rate Environment

Kashi Trathen,
Associate Director

During the past three years, cash portfolios were generally able to perform well, while still being conservatively managed. But the resumption of monetary easing signals a new and challenging phase.

Corporate

Volunteers lend a hand in Cambodia

Chris Newton,
Executive Director, Responsible Investment

In October 2019, nine staff from IFM Investors headed to Cambodia to help build a new home for a rural Cambodian family living in poverty with inadequate shelter.

Infrastructure

Taking the lead on infrastructure carbon reduction in Australia

Chris Newton,
Executive Director, Responsible Investment

IFM Investors recently announced an ambitious and unprecedented initiative to cut carbon emissions across critical Australian infrastructure assets.

Infrastructure

Ausgrid, major Australian infrastructure asset, sets emissions reduction target

Ashley Barker,
Executive Director

With a commitment to meeting shareholder expectations and delivering on its social licence strategy, Ausgrid has set an emissions reduction target and developed a range of programs to achieve it.

Infrastructure

IFM Investors Global Infrastructure 2018 Carbon Footprint

Kyle Mangini,
Global Head of Infrastructure

The Global Infrastructure Carbon Footprint Report 2018 forms part of an ongoing effort and multi-year strategy by IFM Investors to manage climate risk.

Infrastructure

IFM Investors Australian Infrastructure FY18 Carbon Footprint

Kyle Mangini,
Global Head of Infrastructure

The Australian Infrastructure Carbon Footprint Report 2018 forms part of an ongoing effort and multi-year strategy by IFM Investors to manage climate risk.

Listed Equities

Lessons from a pickers and packers workers’ forum

Chris Newton,
Executive Director, Responsible Investment

IFM Investors is a strong advocate for greater transparency and improved human rights in the fresh food supply chain.

Private Equity

Answering LPs’ transparency needs

Stuart Wardman-Browne,
Global Head of Private Equity

IFM Investors’ Stuart Wardman-Browne, Adrian Kerley and David Odgers share with Private Equity International how LPs are seeking a better alignment of interests with GPs.

Infrastructure

Infrastructure and the Global Financial Crisis: Ten Years On

Michael Landman,
Executive Director, Portfolio Management

Alex Joiner,
Chief Economist

A decade on from the 2007-08 financial crisis, this paper examines how infrastructure fared during the crisis and its aftermath, and how a subsequent financial downturn might affect infrastructure investments.

Debt Investments

The opportunity in Australian private debt markets

Hiran Wanigasekera,
Investment Director

The Australian private debt market has traditionally been dominated by the Big 4 banks. But we believe the resultant market inefficiency is presenting opportunities to capture potentially attractive risk-adjusted returns.

Infrastructure

Renewables paving a pathway to emissions reduction

Deepa Bharadwaj,
Executive Director

Brisbane Airport has installed 22,000 solar panels, creating the largest commercial rooftop solar installation in the Southern Hemisphere. The result is lower energy costs, reduced emissions and greater shareholder value.

Infrastructure

A strong safety culture embracing technology

May Soh,
Investment Director

Leveraging technology for improved road safety. Find out more on how a diligent approach to transforming the safety culture and leveraging technology at the Indiana Toll Road has resulted in measurable safety improvements.

Corporate

The ESG Trends on IFM Investors’ Radar in 2019

Chris Newton,
Executive Director, Responsible Investment

The ESG trends on IFM Investors’ radar in 2019 fall into the key thematic areas of Planet, People and Policy & Process, reflecting what is important to IFM Investors and our investors.

Debt Investments

How pension funds can help lend to the real economy

David Cooper,
Regional Head of EMEA

IFM Investors believes there is a growing opportunity for pension funds to support firms with their growth ambitions and invest in the real economy.

Infrastructure

Innovative cadetship program promoting gender diversity

Jill Rossouw,
Investment Director

The Port of Brisbane has launched a forward-thinking Australian cadetship program to encourage and support talented women to embark on a maritime career.

Infrastructure

IFM Investors Infrastructure Carbon Footprint Report 2018

Kyle Mangini,
Global Head of Infrastructure

The Infrastructure Carbon Footprint Report 2018 forms part of an ongoing effort and multi-year strategy by IFM Investors to manage climate risk.

Corporate

IFM Investors Responsible Business Report 2018

Brett Himbury,
Former Chief Executive 2010 - March 2020

The 2018 Responsible Business Report provides a comprehensive overview of IFM Investors’ holistic approach to investing and operating responsibly.

Infrastructure

A new PPP: The Pension-Public Partnership model

Duncan Symonds,
Director, Asset Management

Lack of funding for infrastructure projects is harming growth in many developed nations. Has the time come for Pension-Public Partnerships?

Infrastructure

Fuelling the fight against climate change

Chris Newton,
Executive Director, Responsible Investment

Chris Newton examines how the investment management industry can join the fight against climate change by exerting pressure on companies to lower their emissions.

Infrastructure

Infrastructure investment in a rising interest rate environment

Michael Landman,
Executive Director, Portfolio Management

IFM Investors looks at factors affecting infrastructure investments which can reduce the impact of rises in interest rates, particularly where there is a natural hedge.

Debt Investments

Project Finance Market Design and Origination

Richard Randall,
Global Head of Debt Investments

The Project Finance/Infrastructure senior debt market is categorised as "private debt". Rich Randall explains how the market differs from the broader corporate direct lending market.

Listed Equities

IFM Investors’ engagement with Woolworths

Chris Newton,
Executive Director, Responsible Investment

In October 2016, IFM Investors began its engagement process with Woolworths demanding improved human rights management in the fresh food supply chain, particularly relating to labour hire practices.

Listed Equities

IFM Investors’ engagement with Wesfarmers

Chris Newton,
Executive Director, Responsible Investment

IFM Investors has been actively engaging with Wesfarmers on matters of ethical sourcing in agricultural and apparel supply chain issues for a number of years.

Debt Investment Insight

Economic Insight

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Economic Insight

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Debt Investment Insight

Economic Insight

Debt Investments

Infrastructure Insight

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