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Vanguard, Betashares, iShares neck and neck in battle for inflows

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... million, capping off the top 10 ETF issuers by inflows. Magellan, meanwhile, led outflows by a wide margin with $1.56 billion. Next in the line was AllianceBernstein at $185 million, Fidante at $161 million, Perth Mint at $86 million, and Platinum at ...

Dimensional to launch three more ETFs

KARREN VERGARA  |  MONDAY, 12 AUG 2024
... (DFA) is converting three additional products to dual-access funds, which it hopes will start trading as ETFs as early as next week. The Dimensional Australian Value Trust, Global Value Trust, and Global Small Company Trust are set to trade on the ASX ...

BlackRock names Asia Pacific operations chief

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... Asia Pacific Susan Chan, Ueda will relocate to Hong Kong from Tokyo. Chan said the appointment comes as "we power into our next chapter of growth in Asia Pacific." "She has demonstrated exceptional leadership in driving BlackRock's growth initiatives ...

Zenith head of research calls time

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
... the investment consultancy after 13 years. Moncrieff said she is going to take a break to recharge before contemplating her next chapter. "For the moment, it's going to be walking and saying hello to family, friends, my garden, and my sewing machine," ...

Asset management brand power a 'critical differentiator': ISS

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
... educate investors about economic concerns while simultaneously promoting their brand. Thought leadership was rated as the next most effective method, with 15% of advisers rating it "extremely effective." Financial Standard is published by ISS Market ...

Australians urged to consider bequests amid $5.4tn wealth transfer

MATTHEW WAI  |  THURSDAY, 8 AUG 2024
... charitable and for-purpose organisations." Australia is expected to transfer an estimated $5.4 trillion in wealth in the next 20 years. Of this, 38% will go to the partner if still in a couple at time of death, or the next generation (likely to be nearing ...

Global X loses another senior talent

ANDREW MCKEAN  |  WEDNESDAY, 7 AUG 2024
... growth in Australia. "We thank Cliff for his contribution to Global X during his longstanding tenure and wish him well in his next endeavours," a firm spokesperson said. Global X also said that it's secured a new senior leader in portfolio management ...

Family offices face more complex challenges: Ocorian

ANDREW MCKEAN  |  WEDNESDAY, 7 AUG 2024
... ensuring their investment portfolio is properly managed and aligned with the risk and return profile of the family (59%). The next biggest challenge was around having a robust family succession plan in place. Ocorian commercial director Michael Harman ...

Choice products require fairer framework: FSC

KARREN VERGARA  |  TUESDAY, 6 AUG 2024
... advisers. "The number of Australians with complex financial advice needs will grow by 70% to 7.2 million consumers over the next 25 years, and the regulatory framework for consumers choosing their own superannuation and investment arrangements needs ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... liabilities, or withdrawing funds from their bank accounts. The proceedings regarding the interim orders have been adjourned to next week. Hewish, on his social media, describes himself as a professional stock and real estate investor and speculator ...