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Philanthropist fund unveils new NFP partners

CHLOE WALKER  |  MONDAY, 8 AUG 2022
... Health and Wellbeing shows 39.6% of 16-24-year-olds had a 12-month mental disorder in 2020, up 26.4% from 2006. "We need to start tackling the root causes behind the increase in mental health conditions, distress and suicidal ideation," Future Generation ...

Australian Eagle team to join Montgomery IM

JAMIE WILLIAMSON  |  MONDAY, 8 AUG 2022
The team at Australian Eagle Asset Management will join Montgomery Investment Management as part of a new partnership next month. The six-person team, led by chief investment officer Sean Sequeira and senior portfolio manager Alan Kwan, will join under ...

BlackRock, Coinbase partner on crypto offering

CASSANDRA BALDINI  |  FRIDAY, 5 AUG 2022
BlackRock will make cryptocurrency available to institutional investors through a partnership with Coinbase. The investment giant selected Coinbase to provide its institutional clients with direct access to crypto, starting with Bitcoin, and the market ...

BlackRock shutters Russia ETF

JAMIE WILLIAMSON  |  FRIDAY, 5 AUG 2022
BlackRock has started the process of liquidating its iShares MSCI Russia ETF. The asset manager intends to commence liquidation of the ETF on August 17 by distributing its current liquid assets to shareholders while retaining a reserve to meet costs. ...

Office properties here to stay: AMP Capital

ANDREW MCKEAN  |  THURSDAY, 4 AUG 2022
Speaking at the Wollongong leg of Financial Standard's Advisers Big Day Out regional roadshow, AMP Capital portfolio manager Christopher Davitt said despite pandemic pressures and the subsequent workplace trends, the outlook for office investments remains ...

BetaShares launches Metaverse ETF

CASSANDRA BALDINI  |  THURSDAY, 4 AUG 2022
... us." BetaShares said market analysts have predicted the growing commercial opportunity associated with the Metaverse will start with the adoption of virtual and augmented reality via new hardware. "The long-term potential will ultimately be driven by ...

FSC guidance looks to eliminate greenwashing

ANDREW MCKEAN  |  WEDNESDAY, 3 AUG 2022
The Financial Services Council (FSC) has released guidance setting industry expectations for net zero targets, the labelling of investment products and transparency of climate risk disclosures. On the guidance's creation, FSC chief executive Blake ...

Class bolsters leadership with new general managers

CHLOE WALKER  |  TUESDAY, 2 AUG 2022
The cloud-based wealth accounting platform has added four new general managers to its leadership team, while also bidding farewell to its long serving chief solutions officer. The appointments of Gary Cox, Jo Hurley, Tracy Williams, and Tom Sargent ...

US enters recession - or does it?

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
The US's real gross domestic product (GDP) decreased for the second consecutive quarter, according to the Bureau of Economic Analysis, but don't call it a recession. GDP decreased at an annual rate of 0.9% in Q2, this follows the 1.6% retracement ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
KPMG has flagged ESG, tax governance, financial crime, adaptive investment operations and regulatory risks as some of its key considerations for the super sector in 2022. According to KPMG's latest Super Insights 2022 report, last year climate change ...