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BlackRock appoints Asia Pacific ETF head

KANIKA SOOD  |  FRIDAY, 20 MAR 2020
BlackRock has hired from Citi to appoint a new head of iShares for Asia Pacific. Rimmo Jolly is currently Citi's regional head of ETF and index sales and business development for Asia Pacific and Japan. In his new role, Jolly will be tasked with growing ...

Insurers halt some virus cover

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
Two of the country's biggest insurers have halted cover for COVID-19 for some new customers, in new exclusions since the outbreak of the virus. TAL and MLC Life have introduced new policy provisions for any new customers in response to the COVID-19 ...

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
"Whatever it takes and for however long it takes!" This is the collective battle cry of governments and central banks the world over as they try to calm nerves and get ahead of the coronavirus that's paralysed economic activity. Fiscal and monetary ...

World rolls out stimulus

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2020
... been considered effective by the market. Whilst coordination by the G7 led by Emmanuel Macron, and G20 led by Narendra Modi, show the need to act fast and cut through legislative wrangling and red tape," SSGA head of global macro policy research Amlan ...

Best, worst equities performers in COVID-19 sell-off revealed

ALLY SELBY  |  WEDNESDAY, 18 MAR 2020
Latest insights show the fortunes of the 2019 equities rally laggards have changed, having so far come out on top during the COVID-19 crisis. Asia and emerging market strategies have topped their diversified global equities counterparts amid the dramatic ...

Volatility hits super funds

HARRISON WORLEY  |  TUESDAY, 17 MAR 2020
... research Jason Ross said the results might reflect AustralianSuper's active investment approach. "The latest results show that from the top of the market on February 20, balanced funds have fallen between 7% and 13%," Ross said. "Some Australian ...

UK asset manager acquires stake in retirement funder

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
A UK asset manager and financial services provider has acquired a 20% stake in a local specialised retirement funder. Household Capital announced the completion of series B financing with Legal & General. Existing and new investors joined Legal & General ...

Australia narrowly avoids 0.9% GDP blow: KPMG

ALLY SELBY  |  MONDAY, 16 MAR 2020
The COVID-19 pandemic would have served Australia's GDP a 0.9% blow if it hadn't been for the government's $17.6 billion economic stimulus package, according to research released today by KPMG. The 0.9% near miss would amount to a $17 billion ...

US turns to QE, RBA to follow

ELIZA BAVIN  |  MONDAY, 16 MAR 2020
... the additional measures to address financial market stresses and reduced liquidity in the treasury and securitised markets show that the Fed is determined to avoid a 'credit crunch' which could amplify the severity of this economic shock," Craig ...

ATO cracks down on HNWs

ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
The Australian Taxation Office has announced it will be expanding its Tax Avoidance Taskforce and introducing a new program targeting high wealth private groups. The ATO said in the 2016-17 financial year high wealth individuals and groups avoided paying ...