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Barwon snaps up $124m of healthcare assets

ANDREW MCKEAN  |  FRIDAY, 11 AUG 2023
... Currently, it manages 29 healthcare properties, and Barwon has plans to raise more than $300 million in capital over the next year.

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... held by the Commonwealth in the privatised Telstra. Nevertheless, Burshtein pointed out that Future Fund will be turning 18 next year, and there seems to be no indication that it will fulfil its intended purpose anytime soon. "When the Future Fund was ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... best interest," he said. Hejaz is aiming to attract over 3500 members, managing around $200 million in assets, within the next three years. Currently, the company onboards an average of 120 members per month to its existing superannuation products through ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
ASIC's latest action against Vanguard for allegations of greenwashing in a bond fund raises the question of whether the market regulator will crack down on index providers and other third-party service providers for greenwashing as well. Last month ...

Online investor numbers dip as cost-of-living bites

CHLOE WALKER  |  FRIDAY, 4 AUG 2023
... online investors noted not having enough money to invest as the leading factor for halting their activity, while for the next wave the lack of sufficient disposable income (36%) was stated as the largest hurdle to begin investing. Looking at the behaviours ...

Banking sector fears propel family offices towards metals

CHLOE WALKER  |  FRIDAY, 4 AUG 2023
... more by the end of the year. What's more, all family offices said they expect their exposure to gold to increase over the next 18 months. A key motive behind this investment is a deep concern about the banking sector, with 80% pointing to such worries. ...

HESTA moves 10% of portfolio in-house

CASSANDRA BALDINI  |  THURSDAY, 3 AUG 2023
... Australian equities and fixed interest and cash teams established and plans are underway to further scale the strategies over the next six to 12 months. "Growth in our internal capability has been backed by significant investment in our systems and governance," ...

Iress adds new operations, customer service leaders

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... two roles are critical in enabling Iress to get closer to clients and drive higher performance as it moves forward on its next growth trajectory, he added. Iress announced a bunch of organisational structures in April, which included the appointment ...

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
... growing government debt burden, and an erosion of governance that has manifested in repeated debt limit standoffs. "Over the next decade, higher interest rates and the rising debt stock will increase the interest service burden, while an aging population ...

RBA sustains cash rate at 4.1%

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... to grow below trend, the unemployment rate is expected to rise gradually from its current rate of 3.5% to around 4.5% late next year. Wages growth has picked up in response to the tight labour market and high inflation. At the aggregate level, wages ...