GBST Holdings Limited (ASX: GBT, GBST), a global provider of securities transaction and wealth management platforms for the financial services industry, and specialist provider of after-tax services in the Australian market is announcing today its latest collaboration with MSCI, a worldwide leading provider of research based indexes and analytics. The GBST Quant capabilities will be added to expand the current after-tax calculations services into global equities on the MSCI global index series.
MSCI Indices, such as MSCI World, MSCI Emerging Markets, MSCI Asia and MSCI Europe are widely used indices for Global Equities benchmarks by Australian superannuation funds that increasingly need to perform in-depth after-tax analysis of the performance of their external and internal fund managers.
The service provided by GBST will offer a concrete solution to the objective to provide after-tax performance measurement and a basis for after-tax analytics for superannuation funds in Australia, in-line with the recommendations of the Cooper Review and MySuper legislation. This is the first time after-tax calculations have been made available on MSCI global indexes, the most widely-used indexes for superannuation funds.
The announcement ensures that the already significant number of superannuation funds now relying on GBST Quant for after-tax calculations on Australian Equities investment management now have access to a wider array of accurate, customisable benchmarking for their global equities portfolios.
“Our superannuation fund clients have an increasing need for accurate after-tax calculations, based around the MSCI global indexes, which are used by the majority of superannuation funds in Australia.” said Chris Ryan, Managing Director and Head of Asia Pacific for MSCI. “This initiative between GBST and MSCI will enable superannuation funds to provide members and stakeholders with a clear picture of the performance of their funds.”
“Our agreement with MSCI extends the after-tax analytics capabilities of the GBST Quant solution to the benefit of the many MSCI-benchmarked investors in Australia,” said Kathy Taylor-Hofmann, Head of Business Solutions, and Wealth Management at GBST.
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