The latest issue of Financial Standard now available as an e-newspaper
State Street the largest institutional managerBY KANIKA SOOD | MONDAY, 19 APR 2021 12:32PM
State Street Global Advisors took out first place in Rainmaker's latest rankings of local institutional investment managers by total assets to December end.Read more: First Sentier, QIC, Vanguard, IFM Investors, Pinnacle Investment Management, State Street Global Advisors, VFMC, Victoria Funds Management Corporation, Rainmaker, BlackRock Australia, Macquarie Investment Management
In a year the average fund posted over 18% in returns, CommBank's Essential Super was the top one-year performer.
Superannuation funds can expect their results in the first performance test by August 31 under the new Your Future, Your Super reforms, according to an APRA letter sent Friday.
The Federal Court found that RI Advice Group's failure to provide rigorous oversight over a former financial adviser resulted in bad advice to consumer detriment.
Member of Parliament Tim Wilson will lead the charge to determine if big super's domination over the Australian sharemarket is stifling competition.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|