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Primewest, BlackRock enter JV

ANNABELLE DICKSON  |  TUESDAY, 27 APR 2021
Following its merger plans with Centuria Capital, Primewest has formed a joint venture with a fund advised by BlackRock Real Assets and has made headway on acquiring its first property. The joint venture has exchanged contracts to acquire an office ...

Chief economist update: Copper 10,000

BENJAMIN ONG  |  TUESDAY, 20 APR 2021
... world GDP to expand from -- 3.3% last year to 6.0% in 2021 and 4.4% in 2022 -- representing a 0.5 and 0.2 percentage point upgrade from its January 2021 forecasts - "reflecting the higher-than-expected growth outturns in the second half of the year for ...

Chief economist update: Europa rides the bull once again

BENJAMIN ONG  |  FRIDAY, 9 APR 2021
Just like the myth of Europa, Eurozone equities are riding on the back of a bull. Eurozone equities soared to their highest levels in 13 years. The VStoxx index - the Eurozone's fear gauge dropped to 13-month lows. Lucky 13. The Euro Stoxx-50 index ...

Chief economist update: Fourth wave threatens Olympics, growth outlook

BENJAMIN ONG  |  THURSDAY, 8 APR 2021
The way it's (not) going for Japan, recent upgrades to its 2021 economic growth made by the OECD and the International Monetary Fund might need to be toned down or even reversed to a downgrade at their next outing. The OECD's March 2021 "Interim ...

Chief economist update: RBA promises support over the next three years

BENJAMIN ONG  |  WEDNESDAY, 7 APR 2021
"Come on, Barbie, let's go party"... until 2024. In Reserve Bank of Australia (RBA) parlance: "The board is committed to maintaining highly supportive monetary conditions until its goals are achieved. The board will not increase the cash rate until ...

Clime revamps strategy

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 MAR 2021
... platform availability for Clime investment products. By the end of June, Clime says it will improve security and IT systems, upgrade Clime Direct and roll out client experience enhancements.

Chief economist update: Australia's virtuous cycle keeps on turning

BENJAMIN ONG  |  MONDAY, 29 MAR 2021
Despite some delays and hiccups in the roll out of the coronavirus vaccine in Australia, cases of infections are virtually next to nil and life had slowly been returning to pre-pandemic normal. So much so, that in its 'Economic Outlook' March ...

Chief economist update: Powell said, Yellen said

BENJAMIN ONG  |  WEDNESDAY, 24 MAR 2021
... liquidity, there is no doubt that the tide of economic growth would continue to rise. This is underscored by the Fed's upgrade to its 2021 GDP growth projection to 6.5% (from 4.2% forecast in December 2020) and an unemployment rate of 4.5% (from ...

Hyperion ETF goes live

ANNABELLE DICKSON  |  TUESDAY, 23 MAR 2021
After previously announcing its venture into active ETFs, Hyperion has listed its global equities strategy on the Australian Securities Exchange. The Hyperion Global Growth Fund (HYGG) is the investment manager's first active ETF and provides access ...

Chief economist update: Confidence contagion

BENJAMIN ONG  |  THURSDAY, 11 MAR 2021
... confirmed by the OECD 'Economic Outlook' March 2020 quarter interim report. Sure, US GDP growth received the biggest upgrade from the OECD - 3.3 percentage points to 6.5% this year - but this owes a great deal to the Biden administration throwing ...