Morning market wrap: US shares edge lower

Colchester Global Investors has handed a mandate to Equity Trustees for two new ETFs, making it's first offerings in Australia.

Local experts are observing a growing investment opportunity in Australian advice platforms that may not be as apparent for global investors, but since the sector is currently at its "infancy", many can capitalise on buying low and selling high.

The Financial Services Council (FSC) has called for a significant overhaul of ASIC's supervisions of financial advice licensees, arguing stronger regulatory oversight is needed to better protect consumers following recent industry failures.

State Street Investment Management has launched two actively managed exchange-traded funds (ETFs) in an extension of its partnership with Blackstone Credit and Insurance.