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Australian ETF market hits $206bn: Global X

MATTHEW WAI  |  MONDAY, 2 SEP 2024
... market. Global X believes the ETF market will continue to boom and "steal" market share from traditional managed funds over the next decade. Looking ahead, Jocum believes the US is losing its edge in the ETF market, as European ETFs may attract more ...

Platinum outflows drag performance

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... indicated, and it is for this reason that we believe our investment approach will be rewarded over the course of the cycle." Early next year, Peters flagged that a new business line, Platinum Partner Series, a partnership arrangement with other global ...

Fidelity appoints new managing director

ELIZA BAVIN  |  THURSDAY, 29 AUG 2024
... Asia Pacific (Ex-Japan), Fidelity International. "I am delighted to appoint Simon to lead our Australian business into the next phase of its growth," Rajeev said. "Fidelity International has been supporting clients and investors in Australia for more ...

Perpetual chair to leave as $472m loss recorded

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2024
... group has commenced a simplification program to deliver cost reductions of up to $35 million per annum before tax over the next two years "to create a simplified, focused asset management business." Perpetual also finally told shareholders the estimated ...

Financial Standard nominated for Publication of the Year

STAFF WRITER  |  WEDNESDAY, 28 AUG 2024
... different and to be a source of balanced and trusted information, even if only to provide a conversation starter for their next meeting," Financial Standard managing editor Jamie Williamson said. "We congratulate our fellow finalists and thank all of ...

Australia a 'regional private wealth hotspot': Preqin

ANDREW MCKEAN  |  WEDNESDAY, 28 AUG 2024
... retail investors in August 2023. The report said as a result, managers should be aware that ASIC plans to set up a division next year to evaluate private markets, particularly concerning valuations. Separately, a regional analysis of private wealth preferences ...

WAM Active returns 30%, beats indices

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2024
Listed investment company (LIC) WAM Active (WAA) returned nearly 30% p.a. to unitholders, trumping its benchmarks in the last financial year. WAA beat its reference indices S&P/ASX All Ordinaries Accumulation Index by 13.3% and the Bloomberg AusBond ...

Inflation eases in July

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... quarterly CPI results before it could act, suggest the first potential rate cut at this stage would not come until February next year (after the December quarter CPI result in late January)."

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... the regulator will maintain the "strength and stability of Australia's banks, insurers and superannuation trustees over the next four years". APRA's top priorities will include working with ASIC to ensure superannuation trustees meet their requirements ...

Investment firm becomes cornerstone investor in Finexia

ANDREW MCKEAN  |  TUESDAY, 27 AUG 2024
... closing price yesterday. It will be executed in two stages, with a first tranche of 10.77 million shares to be completed next week, resulting in Factory Capital holding approximately 17.77% of Finexia. The second tranche, which involves the issuance ...