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'Little prospect' for RBA hike despite stubborn inflation

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
... "Despite some signs of a weakening economy, inflation remains above target, making a rate cut unlikely," he said. "Nobody saw COVID-19 or the war in Ukraine coming, and these have been the driving factors behind our current situation. "What the next ...

Older clients boost book values

KARREN VERGARA  |  THURSDAY, 13 JUN 2024
... and demand curve with fewer practices selling or coming to market. "The COVID pandemic and changes in regulations (2020-22) saw a substantial exodus of financial advisers from the industry. Many advisers chose to sell their client lists and associated ...

HNWIs wealth reaches unprecedented levels

ANDREW MCKEAN  |  FRIDAY, 7 JUN 2024
... This growth reverses the previous year's decline, putting HNWI trends back on an upward trajectory. In 2023, North America saw the strongest HNWI recovery globally, with wealth and population increasing by 7.2% and 7.1%, respectively. The report attributes ...

Brookfield Oaktree to further democratise alternatives in Australia

ANDREW MCKEAN  |  TUESDAY, 28 MAY 2024
... investors, whether they're ultra-high-net-worth individuals, family offices, or wholesale investors needing more liquidity. "We saw institutions rapidly ramp up their allocations into alternatives from zero to 15-20-25%, and endowments up to 40% ...

Principal Finisterre launches new debt fund

ELIZA BAVIN  |  MONDAY, 27 MAY 2024
... monetary policy shifts," he said. ​ "Any unexpected shock to risk assets would be expected to reverberate through EMD as we saw in volatile periods during 2023 and in particular 2022. However, our total return approach will be well geared to ride out ...

COVID helped to reduce inequality: Productivity Commission

ELIZA BAVIN  |  TUESDAY, 21 MAY 2024
... the Productivity Commission has revealed changes to income and wealth levels during COVID-19. "The initial pandemic period saw an unprecedented decline in income inequality. The incomes of lower-income households grew rapidly in relative terms in the ...

Another corporate fund bites the dust

JAMIE WILLIAMSON  |  MONDAY, 20 MAY 2024
... corporate fund on the books of the Towers Watson RSE. It's also one of the last remaining corporate funds broadly. Last year saw several of the funds that use the Towers Watson RSE close or transfer elsewhere, including the Oracle Superannuation Plan ...

Value versus growth: Market expectations in 2024

ANDREW MCKEAN  |  THURSDAY, 16 MAY 2024
... creating numerous opportunities for value investing to generate alpha. Then transitioning to the first half of 2023, that period saw significant performance for growth stocks. What's next? Appearing at the Stockbrokers and Investment Advisers (SIAA) ...

Price dislocations pave way for active managers

KARREN VERGARA  |  WEDNESDAY, 15 MAY 2024
... and through to 2018, an era marked by Brexit, US-China trade war tensions and underscored by sentiments of pessimism. Liu saw that equity markets at the time comparatively didn't experience as much dislocation but did exhibit crowding of trades, causing ...

Advisers urgently call on Treasury to recognise degrees

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... recognises veteran advisers' experience that passed into law in September last year as a "great sense of achievement". "[We] saw the industry retain many long-standing stockbrokers and investment advisers to the benefit of their clients and the next ...
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