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| | | The numbers are in, and the US Economic Policy Institute's (EPI) estimate of unemployment claims, if not right on the dot, was way inside the ballpark. EPI estimated 3.4 million workers filed for unemployment in the week ended March 21, that it ... |
| | | | The world's largest asset manager has instituted a global hiring freeze amid the COVID-19 pandemic. "Right now, we are focused on serving our clients and making sure our people are safe, supported and productive as possible," a spokesperson for ... |
| | | | The chair of IMAP does not expect a major overhaul of the managed accounts space when ASIC's focus returns to the MDA review. Earlier this week, ASIC announced the MDA review is being put on hold, after "recalibrating" its regulatory priorities as it ... |
| | | | Emerging markets, which in recent times had made somewhat of a comeback, are now cowering in the shadow of the rapidly spreading coronavirus. As the world falls into a recession, COVID-19 will have a disproportionate impact on emerging markets, with ... |
| | | | According to the Association of Independently Owned Financial Professionals (AIOFP), the COVID-19 pandemic may be producing some positives for financial advisers. In a letter to AIOFP members, executive director Peter Johnston wrote that despite all ... |
| | | | ASIC has banned a Western Australia-based adviser from providing financial services for four years. The regulator said it had been surveilling Anthony Hilsley's activities when he was an authorised representative of RI Advice Group, owned at that time ... |
| | | | SMSFs are expected to outperform in the current climate, due to higher than average exposures to cash and other low volatility assets, according to Rainmaker research. Around a quarter of the SMSF sector is held in cash and about 45% is held in shares ... |
| | | | The fall in interest rates has supported bond managers with a longer duration stance, according to new Morningstar research revealing the performance of fixed income houses during coronavirus-induced volatility. The report said fixed income, particularly ... |
| | | | As Prime Minister Scott Morrison updated Australians about the measures being taken at home to stop the spread of COVID-19, other nations around the world have announced their stimulus packages to cushion the economic burden. The largest, unsurprisingly ... |
| | | | Latest insights show the fortunes of the 2019 equities rally laggards have changed, having so far come out on top during the COVID-19 crisis. Asia and emerging market strategies have topped their diversified global equities counterparts amid the dramatic ... |
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