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State Street warns of dot-com parallelsBY ALLY SELBY | WEDNESDAY, 22 JUL 2020 12:38PM
State Street Global Advisors has warned the current rally in equities markets parallels that of the dot-com boom, as price to earnings multiples continue to expand.Read more: State Street Global Advisors, ASX All Technology Index, Bruce Apted, Afterpay, Alphabet Google, Amazon, Appen, Apple, Facebook, Microsoft, NASDAQ, Telstra, Xero
Lifecycle MySuper was a better bet than single strategy default funds for members below 40 years of age in FY21 as the equity markets rebounded after COVID, according to Rainmaker Information.
The advice group has appointed a head in Queensland, reporting to chief executive Terry Dillon.
Australia's exchange traded product market reached $115 billion at the end of June 2021, increasing 76% in 12 months - but according to Rainmaker research, only a small portion of that growth came from performance.
The chair of Clime Investment Management and one of its shareholders are calling for the removal of long-serving executive Neil Schafer.
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