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Pandemic puts pressure on ETF spreads

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
The spreads on many exchange-traded products were wider than usual amid the COVID-19 market crash, with price discovery becoming increasingly more difficult. That's according to ETF Securities co-head of sales Kanish Chugh, who pointed to global equity ...

Chief economist update: Approaching peak isolation

BENJAMIN ONG  |  WEDNESDAY, 29 APR 2020
... and social restrictions imposed by the government to limit the spread of the coronavirus infection. Preliminary estimates show the IHS/Markit Eurozone composite PMI diving to an all-time low of 13.5 in April from 29.7 in March. The drop in manufacturing ...

ESG performing positively: MSCI

ELIZA BAVIN  |  TUESDAY, 28 APR 2020
ESG performance has been positive across global markets since the outbreak of COVID-19, according to MSCI. Although the current conditions have only existed for a few months, MSCI said it observed a positive performance contribution from ESG across ...

Property takes $237m hit

ALLY SELBY  |  TUESDAY, 28 APR 2020
... also suffered heavy blows, with sales down 83% compared to the same period last year, while Brisbane is the only market to show a moderate improvement in sales value. Clearance rates have also dropped across Eastern Australia, except for the nation's ...

Former CFSGAM executive joins industry fund

HARRISON WORLEY  |  TUESDAY, 28 APR 2020
A former member of Colonial First State Global Asset Management's global leadership team has joined a $4 billion industry super fund as an independent investment expert. Former chief operating officer, director and member of CFSGAM's global executive ...

COVID-19 ETP market winners, losers

ELIZABETH MCARTHUR  |  TUESDAY, 28 APR 2020
New Rainmaker research has revealed the winners and losers in the exchange traded product (ETP) market during the quarter to March's COVID-19 induced volatility. March 2020 was characterised by sharp falls and rises in equities as investors grappled ...

Top asset consultants named

ELIZA BAVIN  |  MONDAY, 27 APR 2020
... simply won't cut it in this market anymore," she said. "The strong results Frontier has achieved over the last five years show the firm has responded to this shift. In particular, the capability of their consultants and their technology solutions ...

COVID-19 will bite into credit ratings

BENJAMIN ONG  |  MONDAY, 27 APR 2020
Nothing focuses the mind as the choice between life and death. This choice has been thrust onto Planet Earth's population by the coronavirus pandemic. So much so, that men, women and children of the world are giving up - willingly or grudgingly ...

University of Sydney scores win at CFA competition

KANIKA SOOD  |  FRIDAY, 24 APR 2020
A team of five USyd students, mentored by Regal Funds Management's Michael Toh, won the Global Champion award at the annual CFA Institute Research Challenge for their research on Commonwealth Bank. Jassis Chen, Jessica Wu, Sahil Arora, Tom Luo and Jeffrey ...

ASX ups capital raise capacity

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
The Australian Securities Exchange announced changes to the temporary lift in placement capacity from 15% to 25% and increased transparency rules. The ASX said the measures are conditional on entities either doing a follow-on accelerated pro rata entitlement ...