NZX acquires ASB corporate super for $25m
The ASB Superannuation Master Trust has $1.8b in FUM and 17,500 members.
The NZX’s funds management business, Smartshares, has acquired a $1.8 billion superannuation scheme from ASB for $25 million.
The deal, announced today, is for the ASB Superannuation Master Trust and includes more than 17,500 members from across more than 100 employer groups.
The NZX will
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