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Is the wage price spiral narrative a lie?

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
Labour costs have played an insignificant role in the recent increase in inflation, according to an Australia Institute analysis. While a plethora of market commentary has expressed concern that aggressive wage growth will elevate inflation levels ...

Investors, advisers need further ESG education

CASSANDRA BALDINI  |  MONDAY, 18 JUL 2022
Most Australians say ESG is important but claim they aren't receiving the assistance needed when it comes to sustainable investing. In line with its Australian market launch, Capital Preferences released its ESG is Personal: 2022 Study of ESG Preferences ...

Rate rises more likely after unemployment plunge

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
The unemployment rate has fallen to 3.5%, the lowest level since 1974, and near-record inflation hasn't subsided, leading experts to believe that aggressive rate hikes will continue. Australian Bureau of Statistics (ABS) data showed the number of ...

Hostplus links returns to active approach

ANDREW MCKEAN  |  THURSDAY, 14 JUL 2022
Hostplus has advocated for the employment of active management strategies to navigate difficult global markets. On the back of announcing it had delivered a positive 1.57% return for its members in its Balanced (MySuper) option for the financial year ...

ETF flows up despite volatility: Vanguard

ANDREW MCKEAN  |  THURSDAY, 14 JUL 2022
Australian ETF net inflows remained positive through a volatile quarter, according to joint data from the ASX and Vanguard. However, compared to Q1, the industry's total assets under management (AUM) dropped almost 10% from $132 billion to $119 billion. ...

Super Fierce super index shows top 15 funds

ANDREW MCKEAN  |  WEDNESDAY, 13 JUL 2022
Super Fierce has released a list of super funds that have passed its tests of consistent outperformance, labelling it the Fierce Performers Index. From an analysis of 2069 investment options across 359 super funds, only 15 funds were found to outperform ...

ASX 100 chief executive bonuses hit record highs

CASSANDRA BALDINI  |  WEDNESDAY, 13 JUL 2022
Bonuses paid to ASX 100 chief executives hit record highs in FY21, jumping from 31% to 76.7%, a new report from the Australian Council of Superannuation Investors said. In the first year of the pandemic, Australian boards responded to market turmoil ...

Global fintech Smart expands pension offering to Australia

CASSANDRA BALDINI  |  TUESDAY, 12 JUL 2022
Global retirement technology provider Smart is expanding to Australia, establishing an office in Melbourne. Smart technology powers UK Smart Pension, a digitally led pension and retirement scheme setup for employers. The Australian business will operate ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
The Association of Financial Advisers has hit back at the Quality of Advice Review submissions from Choice and Industry Super Australia, saying their recommendations are harmful to the sector. Starting with Choice, the AFA said the consumer body's submission ...

Magellan FUM drops again

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
The fund manager's latest update shows its funds under management have dipped to $61.3 billion. Magellan said the changes reflected market movements and outflows. Over the June quarter Magellan saw outflows of $5.2 billion - $1.7 billion from the ...