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UBS institutional client coverage lead departs

ELIZABETH FRY  |  MONDAY, 24 JUN 2024
... started his career as an account director at Perpetual back in 2002. It is understood that UBS country head Alison Telfer has now expanded her role and will also lead the institutional team following Fowler's exit. Telfer - appointed country head of ...

Morningstar reveals top three undervalued stocks

ELIZA BAVIN  |  MONDAY, 24 JUN 2024
... remainder of our forecast period. Dexus' stated net tangible assets (NTA) has declined materially since the pandemic and is now below our valuation." Morningstar said the high-quality portfolio should see Dexus perform better than most in the long ...

QIC beefs up energy team

ELIZABETH FRY  |  FRIDAY, 21 JUN 2024
... Renewables, Pacific Energy and Lochard Energy in Australia and Generate, Renewa and CenTrio in the US. QIC Infrastructure now actively manages a global portfolio of $33 billion with 22 direct investments across 5 OECD countries. The global team comprises ...

Where does the world's largest active manager say to invest?

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
... Myers Squibb (175), according to the report. "That's a lot of drugs potentially coming down the pipeline," Reynolds said. "Now, of course, some will fail; this is pharmaceuticals after all. But it's interesting that there's a lot there." Reynolds said ...

ASIC calls out licensees: 'We will take action'

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
... two years warning licensees to lift their game when it comes to compliance with the reportable situations regime, and from now on its focus will be on enforcement. "The regime has now been in effect for almost three years - but the proportion of licensees ...

TCorp moves to new OneFund structure

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUN 2024
... to Financial Standard that it was moving "to a more client aligned operating structure and simpler portfolio environment." Now, in the state's 2024/25 Budget, that plan has been finalised. The government is creating OneFund, which sees the Debt Retirement ...

Genium scores consultancy mandate

KARREN VERGARA  |  WEDNESDAY, 19 JUN 2024
... Genium recently hired Tim Wong from Morningstar as a senior analyst. Wong joined former Morningstar colleague Tim Murphy who is now Genium's co-chief executive and head of research. Murphy spent over 17 years at Morningstar, with the last seven years ...

Ageing Australians rapidly shifting retirement planning

ELIZA BAVIN  |  WEDNESDAY, 19 JUN 2024
... Simon Aboud said. "It's clear that this is an area clients are increasingly asking about and that advisers and super funds are now looking to develop clearer positions on. The whitepaper examines the factors driving this interest, it also debunks several ...

Australia's competitiveness climbs world rankings

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
... in Australia's competitiveness," Wilson said. "But the challenges we face have remained stubbornly fixed for many years now, with little sign of improvement. We must do more to diversify our economy and revive our weak productivity." It wasn't ...

Will ASIC use AI for advice compliance monitoring?

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
... process, particularly in data collection, and is likely to be further impacted by emerging AI applications. "Many advisers are now using natural language AI in their day-to-day operations. Within the advice process, AI can also be used to record minutes ...