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DigitalX launches crypto-heavy fund

KANIKA SOOD  |  WEDNESDAY, 11 APR 2018
... reported $10.3 million in net profit from consulting services for the six months ending 31 December 2017. The new fund is not expected to make material changes to DigitalX's balance sheet, as it will use existing assets, the company said.

AFA responds to 'disappointing' PJC life insurance report

KARREN VERGARA  |  WEDNESDAY, 11 APR 2018
... PJC's recommendation to comprehensively review all remuneration across the three channels, describing it as "surprising" and not substantiated. "Financial advisers have had an obligation to disclose all remuneration for many years. There also appears ...

Investor education key to healthy ETF market: SPDR

ALEX BURKE  |  WEDNESDAY, 11 APR 2018
... holdings and see the stocks of the S&P 500, you should feel pretty good. But if you see a bunch of derivatives, that might not be the right product for you," he said.

Instos chasing EM debt for value

ALEX BURKE  |  WEDNESDAY, 11 APR 2018
... concern involves ESG considerations. "You need to invest in countries where you've done your research, from an ESG standpoint, not only on a country-by-country basis but also on a portfolio basis." His comments reflect recent EM debt research from Insight ...

CommInsure, OnePath enhance digital experience

JAMIE WILLIAMSON  |  WEDNESDAY, 11 APR 2018
Applying for life insurance and making claims is now much easier for financial advisers and customers of CommInsure and OnePath. CommInsure is the latest to partner with underwriting rules engine UnderwriteMe. Through the partnership, the complexity ...

Chief economist update: Let's talk about oil baby

BENJAMIN ONG  |  WEDNESDAY, 11 APR 2018
... June 2017 but then extended by nine months to March 2018 and then to end 2018 have kept the price of oil buoyant but perhaps not enough to OPEC's liking. Now that the Saudis have hinted at a target price, it's highly likely that oil prices will be heading ...

Flinders fund offers insto rates for retail investors on HUB24

KANIKA SOOD  |  TUESDAY, 10 APR 2018
... look at the smaller end of the market," Flinders co-head Richard Macdougall said. "Generally, valuations in small caps are not as stretched as they are in large caps at the moment. There are lots of good opportunities, particularly in sectors where we ...

Milliman launches course correction tool for retirees

ALEX BURKE  |  TUESDAY, 10 APR 2018
... problem, we've noticed that there's a lot of focus on longevity risk; a lot of annuities and other longevity products. But we're not exploring the immediate volatility issue with as much nuance." Research on Even Keel uses a case study whereby a retiree ...

ASIC disqualifies two SMSF auditors

ALEX BURKE  |  TUESDAY, 10 APR 2018
... requirements by auditing his own fund as well as funds where his staff had prepared relevant financial statements. He also did not comply with continuing professional development requirements. "SMSF auditors play a fundamental role in promoting confidence ...

ASIC slaps fines on Spaceship and its trustee

KANIKA SOOD  |  TUESDAY, 10 APR 2018
... passively managed following the October rebalancing, as opposed to 79% in June last year as highlighted by ASIC. Spaceship had not responded to request for comment at the time of publication.