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AustralianSuper denies turnover issue, delays office

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUN 2020
... work from home mode. Asked for his outlook as countries start to emerge from COVID-19, Delaney admitted that the near-term view was somewhat bleak. "The further you look, the more confident you become," he said. As for how the super industry has been ...

Zenith defends LICs/LITs

ALLY SELBY  |  FRIDAY, 12 JUN 2020
... disparities in performance between LIC or LIT portfolios and their performance on the ASX can be reduced by adopting a longer term view. "The difference in annual returns based on whether a vehicle trades at a discount or a premium tends to vary materially ...

Chief economist update: The second wave

BENJAMIN ONG  |  FRIDAY, 12 JUN 2020
Wall Street is down! Repeat, Wall Street is down! At the close of last night's trading activity all US benchmark equity indices closed sharply lower: Dow (6.9%), S&P 500 (5. 9%), Nasdaq (5.3%), Russell 2000 (7.6%). Financial market wire and web ...

CMC Markets introduces derivatives platform

ELIZA BAVIN  |  WEDNESDAY, 10 JUN 2020
CMC Markets has launched a new derivatives platform to provide access to thousands of single stock CFDs in Australia, the US, Europe and Asia. CMC said the platform has been developed to allow seamless integration with existing systems, including an ...

Chief economist update: Equity market disconnect

BENJAMIN ONG  |  WEDNESDAY, 10 JUN 2020
... so very low, and FOMO - fear of missing out. Yes Virginia, the worst of the pandemic may be just a reflection in our rear view mirrors. However, it doesn't mean that it'll be smooth sailing from here. In its June 2020 'Global Economic Prospects' ...

Stop guessing games: AMP Capital

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUN 2020
... beyond short term volatility and assess value over a long timeframe than the average investor have an exploitable edge in my view." Most companies in the portfolio, Steele admits, have been negatively impacted to some degree by COVID-19. However, the ...

Calls for overhaul of AFSL system

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUN 2020
The Financial Planning Association of Australia (FPA) wants a professional registration for individual advisers to replace the current system. Currently, an Australian financial services licence (AFSL) is required to provide advice. FPA chief executive ...

Renewed scrutiny for ME Bank

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
Liberal MP Tim Wilson has asked to recall ME Bank to the House of Representatives Standing Committee on Economics after correspondence with ASIC for a hearing later this week. During ME Bank chief executive James McPhee's appearance at the last ...

Impact offers opportunity during crisis: Report

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
As COVID-19 exposes entrenched problems in society, the ability to scale social impact investments in Australia holds significant promise to drive progress towards solutions, a new report reveals. UTS associate professor Danielle Logue and Dr Gillian ...

Is the worst yet to come?

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... seen is just the beginning. Simon Doyle, head of fided income and multi asset at Schroders, said from a corporate point of view, the liquidity crisis may have only been avoided in the short term. "A lot of corporates are carrying a lot of debt, and I ...