Afternoon market wrap: Slowdown puts cap on early gains

Apex Group managing director for superannuation will leave his post in September, joining its technology partner in a C-suite capacity.

Amid a ratings downgrade and possible governance issues concerning the Centuria Bass Credit Fund (CBCF), Morningstar predicts the property debt fund will be pulled from major investment platforms and unlikely receive new inflows.

ETF Shares has reduced the management fee on its ETFS US Technology ETF (ASX:WWWW) positioning the fund as one of the lowest-cost options for Australian investors seeking exposure to leading US technology companies through the ASX.

AustralianSuper has appointed Andrew Smith and Luke Smith as co-heads of Australian equities, effective immediately.