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US bonds present ESG problem

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
Schroders' global head of stewardship believes ESG-focused investors should exercise caution before investing in US corporate bonds. Schroders global head of stewardship Jessica Ground told a media briefing in Sydney recently that some US corporate ...

AMP Life sale blocked

JAMIE WILLIAMSON  |  MONDAY, 15 JUL 2019
... in our core markets". In February, AMP named group executive, insurance Megan Beer as chief executive of AMP Life with a view to leading the business post its transition to Resolution Life as head of the Resolution Life Australasia region. "Megan Beer ...

Chief economist update: A case for optimism

BENJAMIN ONG  |  THURSDAY, 11 JUL 2019
... market and is in line with the drop in business confidence indicated by the NAB Business Survey. This is consistent with their view over the outlook for the economy. The "Economic conditions next 12mths" sub-index sank by 12.3% to 87.1 in July (below ...

Increasing SG costly for middle Australia: Grattan

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
... could have sparked inflation. "And workers appear to have paid for compulsory super via lower take-home wages. That's the view of the Henry Tax Review and the Parliamentary Budget Office." It is also the position held by Paul Keating, Bill Shorten and ...

New features for My AMP

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUL 2019
... functionality and design." He said the My AMP offering is unique in the market and could help people achieve a more complete view of their financial position. "My AMP is unique because it provides an everyday 360-degree view of our finances, removing ...

PM Capital LICs add director

JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2019
... joined the boards of PM Capital's Global Opportunities Fund and Asian Opportunities Fund as a non-executive director, with a view to being named chair of the former. He will also serve on the nominations and corporate governance committees of the Asian ...

ISA condemned by union

ELIZABETH MCARTHUR  |  FRIDAY, 5 JUL 2019
... destruction that comes with this form of power, and more recent disasters in Fukushima and Chernobyl only reinforce this view," Hicks said. "That's why it's so vexing that industry funds our members pay their retirement savings in to would offer ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  THURSDAY, 4 JUL 2019
... recent call to "MATCH" what he perceives as currency manipulation from America's trading partners is consistent with his view (and criticism) that the US Federal Reserve should have been cutting interest rates instead of raising them when it did. ...

BlackRock cuts fees on Aussie shares ETF

KANIKA SOOD  |  WEDNESDAY, 3 JUL 2019
... trend down, competition heats up Fees for market-cap index ETFs have fallen 20% over the six years to December 2018. "My view is that [BlackRock's fee cut for IOZ] happened because of the low cost threat from the BetaShares Australia 200 ETF, which ...

Xplore Wealth launches new solution

HARRISON WORLEY  |  WEDNESDAY, 3 JUL 2019
... solutions to meet a choice of client need. "For example, advisers can provide clients with the advanced benefit of a consolidated view of investments, access to managed funds, international securities and portfolio rebalancing under a single instruction." ...