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The joys of an independent board

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
What value does an independent board of directors add to an investment company? That's a question that directors of top UK investment companies met to answer yesterday. At a conference organised by 86-year old Association of Investment Companies (AIC) ...

Super funds cut exposures to banks

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
... not-for profit superannuation funds; no retail funds currently disclose their equity holdings. In regards to holdings, the top international stocks held by NFP super funds are: Samsung, Alphabet, Facebook, Amazon, Tencent, Microsoft, Visa, Taiwan Semicon ...

Former super fund chief joins QIC

KARREN VERGARA  |  WEDNESDAY, 3 OCT 2018
... executive will join its board and reappointed two directors. Jane Perry is the former Qantas Super chief, who retired from the top job in June 2015. She previously held a chief executive position at J.P. Morgan's Australian custody business and prior ...

Elon Musk steps down as Tesla chair

KANIKA SOOD  |  TUESDAY, 2 OCT 2018
... Tesla's research and development spending and capex far outpaces competitors. And it has battery manufacturing experience to top that. "There is capacity for Tesla's stock to surprise in the future," she said. "If the company meets its production ...

Advice industry in hot water

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
Dishonesty and greed were the key themes that underscored the Royal Commission's hearing into financial advice, Commissioner Kenneth Hayne has said. Releasing his interim report today, Hayne has said of the misconduct within Australia's major ...

BlackRock outlines ETF plans for Australia

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
... price and you have no pricing competition." Four new actively managed ETFs have entered the market so far this year. Fellow top-10 ETF issuer BetaShares joined forces with Legg Mason to launch actively managed funds. Yet, the take up of active ETFs has ...

S&P Dow Jones partners with pension fund giant

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
Index provider S&P Dow Jones Indices has partnered with an international pension fund that will benchmark its ESG investment strategy against two newly launched indices. The Japanese Government Pension Investment Fund (GPIF) is using two of S&P's new ...

Part-time work widens super gender gap

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
Women approaching retirement will have 37% less in their superannuation balance than men, latest figures from the Australian Bureau of Statistics show. Women aged between 55 to 64 years old will have an average of $196,000, while men retire with a significantly ...

Aussie fund managers face machine learning challenges

KARREN VERGARA  |  TUESDAY, 25 SEP 2018
... data to data from social media sources, satellite imagery, written documents and weather forecasts. Participants said the top challenge in adopting machine learning is the lack of in-house expertise. Another challenge was the lack of high quality data. ...

Chief economist update: Stability is doing it for Japan

BENJAMIN ONG  |  MONDAY, 24 SEP 2018
Another new set of tariffs will take effect today in the on-going Sino-US trade battle. Yet most equity markets around the world registered gains last week ahead of its implementation. This is because US-China tariff phase two is less onerous than was ...