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Chief economist update: Another rate cut on the cards

BENJAMIN ONG  |  FRIDAY, 14 JUN 2019
... the month [of May]," it "remains notably weaker than 3 months ago". You, I and Irene could also forget about asking for a top up on our current salaries. The lead and the positive correlation between wages and the underemployment rate indicate continued ...

Smart beta now mainstream for instos

KANIKA SOOD  |  THURSDAY, 13 JUN 2019
... year, with its users climbing up from 49% of the surveyed investors last year to 71% this year. Survey respondents said their top reason for turning to smart beta was enhancing return (68%), reducing risk (52%), diversification (48%), cost savings (31%) ...

Chief economist update: Australian bull market here we come

BENJAMIN ONG  |  THURSDAY, 13 JUN 2019
Just a weetle more, a weetle more... a little more push higher and sooner than soon, the All Ordinaries index would satisfy the technical definition of a bull market - a 20% rally from its nearest low - and onwards towards topping its record high of ...

Millennial super products still just hype

KANIKA SOOD  |  WEDNESDAY, 12 JUN 2019
... declare their investment returns in any structured easy-to-access manner although this is slowly improving," Russell writes. "On top of this, while all active open products disclose their PDS very few publish their own annual reports." "This ill-defined ...

BetaShares launches new active ETF

KANIKA SOOD  |  WEDNESDAY, 12 JUN 2019
... portfolio has 47 holdings at the time of launch, including Alibaba, Tencent, Samsung Electronics and Ping An Insurance Group. Top allocations by country are in China (26%), South Korea (14.7%), Taiwan (10.9%), India (10.5%) and by sector are in financials ...

Investment giant appoints global insto lead

HARRISON WORLEY  |  WEDNESDAY, 12 JUN 2019
... appointed Cameron Lochhead as the global head of its institutional relationship group to take a "hands-on" role with the firm's top institutional clients and grow its client service reputation. Lochhead first joined PGIM - a subsidiary of Prudential ...

Intrust launches micro-saving app

KARREN VERGARA  |  TUESDAY, 11 JUN 2019
... launching micro-contribution tool SuperCents. SuperCents connects members' everyday banking accounts to their super to help top-up contributions. The technology behind the app, which is backed by Moneysoft and Link Group, rounds-up members' everyday ...

J.P. Morgan wins custody mandate

KANIKA SOOD  |  TUESDAY, 11 JUN 2019
... Morgan has over $798 billion in total assets under custody for Australian investors. It toppled NAB Asset Servicing from the top spot in the first half of 2016, according to Australian Custodial Services Association stats for December half. J.P. Morgan ...

SG below 10% fails super objective

HARRISON WORLEY  |  FRIDAY, 7 JUN 2019
... levels will also require adjustments to tax and contribution thresholds in order to moderate the benefit for those in the top income deciles," the researcher said. "Consequently, current policy (with the SG rising to 12% as legislated) would provide ...

Chief economist update: The Budget surplus can wait

BENJAMIN ONG  |  THURSDAY, 6 JUN 2019
"Anything that could go wrong will go wrong." - Murphy's law. It seems like it for us, Australians all. The latest (although dated) GDP growth figures showed that domestic economic growth slowed to its slowest pace in a decade (in the midst of the ...