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Indigenous foundation teams up with super funds

ELIZA BAVIN  |  TUESDAY, 7 JUL 2020
... unique challenges in engaging with their super fund, and the super system more broadly, so any work being done which aims to close that retirement gap has our full support." Cbus chief executive David Atkin said he was delighted to support the important ...

Top traded stocks revealed

ALLY SELBY  |  TUESDAY, 7 JUL 2020
The top traded stocks for June among Australian investors has been revealed, with punters throwing cash at tech, aviation, automotive and entertainment companies to profit from the rally. Multi-asset platform eToro found that Tesla was its most traded ...

AMP closes ethical option to super members

ELIZABETH MCARTHUR  |  MONDAY, 6 JUL 2020
... Ethical Leaders Balanced fund is open to investors," a spokesperson for AMP Capital said. A spokesperson for AMP said the close of the option to new members is: "Prudent as asset allocations in the fund are managed amid the current market volatility." ...

Land tax, not stamp duty: Report

JAMIE WILLIAMSON  |  FRIDAY, 3 JUL 2020
... volatility of revenue collections presents a challenge to governments when it comes to budgeting. "A discussion spanning close to two decades through a series of tax reviews has laid the groundwork for broad community understanding of the advantages ...

Mirae drops fees on Asian equities funds

KANIKA SOOD  |  FRIDAY, 3 JUL 2020
Mirae Asset Global Investments has sliced the fees on two Asian equities funds by 20bps each. Mirae Asset Asia Great Consumer Equity Fund and Mirae Asset Asia Sector Leader Equity Fund will go from charging 75bps each in management fee from 95bps, while ...

APRA heatmap sees members save on fees

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
APRA analysis shows a significant proportion of MySuper members have been spared more than $100 million in fees in the last six months thanks to the introduction of its heatmap. Updating its MySuper heatmap to reflect changes in the fees charged, APRA ...

No rating cut for VGI funds as Tynan leaves

KANIKA SOOD  |  MONDAY, 29 JUN 2020
... will stay on as a non-executive director, investor and shareholder. Zenith Investment Partners, which rates VGI's two close-ended listed funds has retained their ratings despite the leadership change. VGI Partners Global Investments Limited (VG1) ...

Investors turn to China-focused strategies

ALLY SELBY  |  MONDAY, 29 JUN 2020
New research reveals investors are increasingly using dedicated China equity strategies for alpha generation, with the market turmoil of 2020 showcasing the country's diversification characteristics. In the first quarter, the MSCI Emerging Markets ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
Members of a retail superannuation offering have been remediated close to $3 million after financial advisers failed to comply with legislation that would have seen them transferred to a lower cost MySuper offering in 2017. More than 1266 smartMonday ...

Fintech acquires licensee

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
A fintech provider has acquired a financial services licensee, for an undisclosed sum. PictureWealth acquired NEO Financial Solutions, the licensee will now become a wholly owned subsidiary of PictureWealth. As at March 31, NEO was home to 83 financial ...