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PIMCO to launch first Australian listed trustBY ELIZA BAVIN | WEDNESDAY, 13 NOV 2019 12:01PM
PIMCO is preparing to bring its first closed-end listed investment trust to the Australian market, with the aim to meet Australian investors' growing demand for yield and income.
Read more: PIMCO Australia, Adrian Stewart, Alfred Murata, Dan Ivascyn, Rob Mead
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Report: Building stronger relationships with ESG investing
The earlier than expected easing of restrictions in Australia that defrosted social and commercial activity has had its desired effect - rebounding business conditions and confidence, and the feared one - a second wave.
Around 300,000 Australians lodged their second application to access their super early at the start of the new financial year.
Spaceship chief executive Andrew Moore says its managed investments business has been the "single, strongest" source of growth for its $300 million superannuation fund.
Nine industry funds are working with Frontier Advisors to probe new longevity risk products for retiree members, which could include tweaking account-based pensions.
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