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The hits you don't see hurt the most: Aviva

ELIZABETH MCARTHUR  |  MONDAY, 9 NOV 2020
A survey of institutional investors representing over €2 trillion in assets under management, conducted by Aviva Investors, demonstrated that COVID-19's blows to real assets have left pension funds wary. Less than half of insurance companies (49%) ...

Chief economist update: Biden cooks Donald's duck

BENJAMIN ONG  |  MONDAY, 9 NOV 2020
"A whole new world A new fantastic point of view..." -Zayn Malik, Zhavia Ward Former vice-president Joe Biden is now POTUS-elect, breaking the record for the most votes (70 million plus votes and counting) received by a presidential candidate in US ...

Chief economist update: More money for reimposed lockdown

BENJAMIN ONG  |  FRIDAY, 6 NOV 2020
"Money, money, money Always sunny..." - ABBA The US presidential election remains undecided. The US Federal Reserve met and decided to keep the status quo - the complete opposite of the happenings on the other side of the Atlantic where both fiscal ...

Citi expands fixed income offering for wholesale

KANIKA SOOD  |  THURSDAY, 5 NOV 2020
... it will also offer access to the instruments via the primary market, adding potential or preferential pricing before they start trading on the secondary market. High-yield bonds on offer will have BB- to BB+ rating and researched by Citi's global team. ...

ATO prepares for end of ERS

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
... is set to close at the end of the year. The ATO said that while offices will be closed from midday 24 December 2020, to start of business on 4 January 2021, additional staff will be made available to support the final applications. The final day for ...

Chief economist update: China's vote for US president

BENJAMIN ONG  |  THURSDAY, 5 NOV 2020
A new POTUS or four more years with the old one? America remains on knife-edge as the November 3 US presidential elections show that President Donald Trump and contender Joe Biden still have to secure the 270 electoral votes to claim the Oval Office. ...

BetaShares tinkers with ETF lineup

KANIKA SOOD  |  WEDNESDAY, 4 NOV 2020
... Diversified Growth ETF (DGGF), Diversified Balanced ETF (DBBF) and Diversified Conservative Income ETF (ASX: DZZF) will start screening for ESG factors, making them the first range of ethical diversified ETFs. The underlying ETFs used will change. The ...

Pendal profits tumble 25%

KANIKA SOOD  |  WEDNESDAY, 4 NOV 2020
Pendal reported $116.4 million or 25% lower net profit after tax in the year ending September, even as inflows started to pick up in the last three months. The figure includes its seed investments' movements which were marked-to-market. If it weren't ...

Super funds overlook VC potential

KARREN VERGARA  |  WEDNESDAY, 4 NOV 2020
Superannuation funds' shift to low-cost exchange-traded products is potentially at the detriment of startups and the potential upside for the local economy. This is according to Stoic Venture Capital partner Geoff Waring, who said local startups ...

Former Socceroo joins Crescent Foundation board

ANNABELLE DICKSON  |  WEDNESDAY, 4 NOV 2020
... university, supports The Big Issue to help homelessness, assists Thrive Refugee Enterprise refugees and asylum seekers to start their own small businesses and supports The Islamic Museum of Australia which preserves significant Islamic manuscripts dating ...