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Industry funds surge ahead in satisfactionBY KANIKA SOOD | MONDAY, 8 JUL 2019 12:31PM
Industry funds have widened their lead over retail funds in how satisfied their members are with their fund's financial performance over the last 12 months, according to latest Roy Morgan research.
Read more: Hostplus, Catholic Super, First State Super, Mercer, UniSuper, AustralianSuper, Cbus, Macquarie, Sunsuper, Tasplan, BT, Norman Morris, Rainmaker
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Towards a perfect currency solution
There is a good chance the planned superannuation guarantee increase to 12% will be deferred again as the nation continues to struggle with the effects of COVID-19, according to Mercer senior partner David Knox.
BetaShares' ETF that tracks crude oil futures is once again changing the length of contracts it tracks and is taking extra measures to automatically convert the ETF to all cash if oil futures drop significantly again.
The global fund manager saw its profits tumble 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income.
Chi-X TraCRs and funds will now be offered on a privately owned wealth management platform, granting financial advisers and their clients access to some of the world's biggest listed companies.
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