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Australia lagging on robo-advice

HARRISON WORLEY  |  FRIDAY, 19 JUN 2020
Australia is still dragging the chain on robo-advice but there is hope for local providers, according to new global research on the take-up of the technology. Latest Investment Trends shows Australia is still lagging behind when it comes to the adoption ...

Unemployment hits 21-year high

ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
Figures released by the Australian Bureau of Statistics (ABS) show unemployment has risen to its highest in 21 years due to the effects of the COVID-19 lockdown measures. Employment decreased by 227,700 people, down 1.8%, between April and May this ...

Volatility wreaks havoc with heat map measures

HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
With market volatility rife over recent months, new analysis shows the relationship between risk and return has practically vanished, leaving many funds exposed to APRA's MySuper heat map investment performance measure. New analysis prepared by Frontier ...

How competitive is the Australian ETF industry?

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
New analysis from Rainmaker Information shows the Australian ETF industry has become more competitive over the years. Rainmaker Information head of investment research John Dyall used the Herfindahl-Hirschman Index (HHI), which measures the concentration ...

ASIC lays out product intervention plans

HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
ASIC has explained how it plans to tackle products and distribution linked remuneration structures in the event it believes they will bring about significant consumer detriment. Regulatory guide 272 shows ASIC may use its new powers to order a product ...

Chief economist update: COVID-19 nightmare makes Brexit a dream

BENJAMIN ONG  |  THURSDAY, 18 JUN 2020
... the Johnson government worked from home - implementing support measures amounting to around 5% of GDP. Still, latest data show that the UK economy is heading for an even deeper dive. UK GDP growth plunged by 10.4% in the three months to April following ...

Which is the most important letter in ESG?

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUN 2020
... environmental and social components of a company's performance much more important. Over a one-year time horizon, governance does show the strongest financial results but over a 13-year time horizon there is more balance across ESG factors. Governance ...

Pessimism strikes Australia, US optimistic

ELIZA BAVIN  |  WEDNESDAY, 17 JUN 2020
... "Investors got a glimpse of what risk looks like again, and it's a teachable moment," Goodsell said. "Financial professionals can show their value by talking with clients in real terms about risk and return expectations, helping them build resilient ...

Australians look to rebuild super: AMP

ELIZA BAVIN  |  TUESDAY, 16 JUN 2020
... as enquiries about COVID-19-related help ease, according to AMP. The May data from the AMP technical adviser support team show voluntary concessional and non-concessional super contributions were the most common topic dealt with by advisers compared ...

ISA plays devil's advocate on SG

HARRISON WORLEY  |  MONDAY, 15 JUN 2020
... enterprise bargaining agreements made since October 1991 - covering around 38% or Australian workers in 2018 - appeared to show there is no one-to-one relationship with wages and the super guarantee, quashing arguments that an increase in mandated savings ...