Energy Super, an A$7.8 billion ($5.2 billion) superannuation fund in Brisbane, Australia, hired Robeco to manage A$650 million in a global equity enhanced indexing strategy, confirmed Kevin Wan Lum, the fund's chief investment officer.
Mr. Lum declined to provide further details.
Stephen Dennis, the head of Robeco's Australia business, in a news release said the strategy looks to deliver enhanced market returns while improving a portfolio's sustainability profile.
Energy Super's most recent annual report for the fund's fiscal year ended June 30, showed its MySuper default option targeting an allocation of 30%, or more than A$2 billion, to non-Australian equities.
The report showed Schroders Investment Management overseeing a global enhanced index strategy amounting to 7.54% of Energy Super's total portfolio, or just less than A$600 million.
A spokesman for Schroders, citing the company's policy to not discuss specific mandates, declined to say if Schroders continues to manage global equity index assets for Energy Super.