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Australia's enviable debt levels

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... annual budget deficit position is even rosier. Australia's 2022-23 underlying cash surplus is an enviable 0.2% of GDP in the black. In the US, their national government annual budget deficit is -5.8% of GDP, in the UK it's -6.1% of GDP and in New Zealand ...

BlackRock to list low-cost property and infrastructure ETFs

CHLOE WALKER  |  MONDAY, 8 MAY 2023
BlackRock will launch two new core ETFs, the iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN) and the iShares Core FTSE Global Property ex Australia (AUD Hedged) ETF (GLPR). The ETFs will be priced at 20 basis points (or 0.20%), an amount ...

Digitisation, personalisation key for advice firms: BlackRock

CHLOE WALKER  |  WEDNESDAY, 3 MAY 2023
In an exclusive interview with Financial Standard, BlackRock US wealth advisory group director Jim Renitsky said digitisation and personalisation at scale have become key differentiation points for adviser businesses. Reflecting on trends seen in the ...

Search funds beat VC, private equity returns

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
... "Mid-size businesses run really well and have great returns but it's hard for people to get into the space because it's like a black box," he explains. "It's the opulence of the mid-size market that's hard to crack without going through the search fund ...

SVB, Signature Bank securities up for sale

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
A BlackRock subsidiary has been tasked with disposing the mortgage-backed assets of Silicon Valley Bank and Signature Bank that collectively amount to US$104 billion ($156.2bn). The Federal Deposit Insurance Corporation recently announced that it retained ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... the problem will only get worse as the population ages and climate change worsens. Among its recommendations in Back in black: A menu of measures to repair the budget are two key superannuation measures aimed at increasing revenues. The first is to better ...

Blackstone limits withdrawals on $103bn real estate fund

CASSANDRA BALDINI  |  TUESDAY, 4 APR 2023
The investment manager has limited redemption requests from its $103 billion (US$70 billion) real estate income trust following a rise in redemption requests in March. During a month of "tremendous market volatility" and "broad-based financial stress," ...

BlackRock eyes new ETF products

ANDREW MCKEAN  |  TUESDAY, 4 APR 2023
BlackRock is seeking to expand its ETF offerings with its first-ever buffer ETFs. BlackRock submitted a filing to the SEC on March 31 to launch the BlackRock Large Cap Moderate Buffer and BlackRock Large Cap Deep Buffer ETF. The BlackRock Large Cap ...

Cbus chief executive steps down

JAMIE WILLIAMSON  |  THURSDAY, 30 MAR 2023
Justin Arter is stepping down as chief executive of the $73 billion industry fund in May. Cbus said Arter is retiring from the fund following mergers with Media Super and EISS Super, with the fund now switching its attention to organic growth and member ...

Saxo launches managed portfolios

KARREN VERGARA  |  TUESDAY, 28 MAR 2023
Saxo Australia today launched a suite of managed portfolios targeting self-directed investors and self-managed super funds. SaxoSelect offers seven managed portfolios with actively managed and index-based strategies. Three offerings are managed by BlackRock ...