Afternoon market wrap: Shares close higher

Apostle Funds Management has appointed a new chief executive following the departure of managing director Mitchell Gunman earlier this year.

New data indicates the impact of the LRBAs ban for SMSFs may have been underestimated, which will affect a market significantly larger than what officials suggested, with major implications for housing supply and competition in the mortgage market.

IFM Investors has acquired a shopping centre portfolio to be developed and built by Australian-owned developer-builder Oreana with a value of approximately $300 million, as it seeks to harness a surge in convenience-based shopping.

VanEck is bringing three ETFs to life for local investors to access thematic investments across several emerging technology sectors, including what it says is "Australia's first dedicated quantum computing ETF."