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RBA steadies cash rate, flags more hikes

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... New Zealand and global commodities Paul Bloxham believes the RBA is done with hiking the cash rate and likely pause for the next few quarters. "Our view has been that the economy would pass a turning point, into a downswing, around the turn of the year ...

Economists divided: RBA's moment of truth looms

ANDREW MCKEAN  |  TUESDAY, 4 APR 2023
... including labour force data, consumer surveys, retail sales, and monthly consumer price data, in determining the central banks next move. While recent growth momentum has shown signs of easing, inflation slowing more rapidly than anticipated, this should ...

REITs merit place in multi-asset portfolios: Insight

CASSANDRA BALDINI  |  TUESDAY, 4 APR 2023
... evolve. Work from home, e-commerce, ageing demographics, and cloud computing are great examples of trends that are writing the next chapter for commercial real estate," said DWS head and chief investment officer of liquid real assets John Vojticek. He ...

Pay gap bill passes, effective next year

CASSANDRA BALDINI  |  FRIDAY, 31 MAR 2023
Businesses with 100 employees and over will need to report their gender pay gap from next year, following the passing of an equality bill in federal parliament. The government yesterday passed its Gender Pay Gap Bill which will enable half a million ...

Canadian pension fund buys Aussie spud farm

CHLOE WALKER  |  FRIDAY, 31 MAR 2023
... of managing director Frank Mitolo and the current executive leadership team including John Mitolo and Darren Mitolo. "The next steps in our growth trajectory will require additional capital to enter into new markets and pursue strategies that will help ...

Australian Retirement Trust names investment strategy lead

ELIZABETH FRY  |  FRIDAY, 31 MAR 2023
... and planning role to the leadership team to test the fund's portfolios and capabilities. This role will be advertised next week. Meanwhile, the fund's investment leadership sees Charles Woodhouse continue as deputy investment chief, with Herbert ...

Australian CPI falls to 6.8%, adds to halt hopes

CASSANDRA BALDINI  |  THURSDAY, 30 MAR 2023
... properly form its decision. The latest CPI numbers, released yesterday, reflect the final piece of the puzzle needed ahead of next week's meeting. HSBC chief economist Australia and New Zealand Paul Bloxham has previously favoured the prediction ...

UBS swaps out chiefs amid Credit Suisse acquisition

CASSANDRA BALDINI  |  THURSDAY, 30 MAR 2023
... will return to the helm of UBS and take over from Ralph Hamers. Hamers will officially relinquish his chief executive title next Wednesday to "serve the interests of the new combination, the Swiss financial sector and the country," UBS explained. He ...

Portfolio resistance is key: VanEck

CASSANDRA BALDINI  |  THURSDAY, 30 MAR 2023
... falling. The 10-year US Government bond yield is expected to fall to 3.16% by December 2024." He further explained gold is the next lever and a traditional defensive asset. "It has not done a lot over the last two years, but since the beginning of March ...

ETF market to hit $200bn by 2025

JAMIE WILLIAMSON  |  THURSDAY, 30 MAR 2023
The local ETF industry is predicted to hit $200 billion in the next two years, with product numbers expected to climb to 350. This is according to Global X, which expects the Australian ETF market to continue its strong growth despite ongoing volatility. ...