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Chief economist update: Red light on greenback

BENJAMIN ONG  |  THURSDAY, 25 JAN 2018
... Year-to-date, the greenback is down 3.0% against the euro, down 4.9% versus the pound and down 3.1% vis-a-vis the yen. This is on top of the dollar's depreciation in 2017 of 3.0%, 4.9% and 1.5%, respectively. The Australian dollar has risen by 3.2% against ...

Paradice appoints portfolio manager from Northcape

ALEX BURKE  |  WEDNESDAY, 24 JAN 2018
... the merger between Tabcorp and Tatts Group was concluded and Santos received a takeover bid from Harbour Energy (latter is top ASX 50). The Small Cap Accumulation Index was the standout, rallying 13.7% in the quarter (20.0% for the year), the Mid Cap ...

Active manager diversity breeds performance: WTW

ALEX BURKE  |  WEDNESDAY, 24 JAN 2018
... pick one equity manager randomly, chances of adding value are low - even with WTW's resources and research process, a single top-rated active manager has a 65% chance of outperforming their relevant benchmark. As a result, the WTW research recommended ...

Topdocs enhances platform with extended partnership

ALEX BURKE  |  WEDNESDAY, 24 JAN 2018
Topdocs has integrated new functionality into its company registration platform by extending its partnership with a provider of financial compliance software. Under the enhanced partnership with BGL, Topdocs users can register new companies and have ...

EY issues ICO theft warning

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2018
Investors have lost about US$400 million in the initial coin offering (ICO) market due to theft and cyberattacks, a new EY report shows. EY studied 372 ICO projects globally in 2017 that raised US$3.7 billion in funds - twice the volume of venture capital ...

SG Hiscock wins small cap mandate

ALEX BURKE  |  TUESDAY, 23 JAN 2018
... record that is testament to [the team's] investment skill. The fund is unconstrained by market benchmarks and we believe its top-down macro-analytical framework, combined with a credit-intensive bottom-up process, will add significant value for our investors ...

Australia's wealth gap deepens: Oxfam

KARREN VERGARA  |  TUESDAY, 23 JAN 2018
... biggest increase in wealth in history - one billionaire was created every two days. Globally, 82% of wealth created went to the top 1%, a $762 billion increase in 12 months.

Supervised Investments wins global fixed income mandate

ALEX BURKE  |  MONDAY, 22 JAN 2018
... record that is testament to [the team's] investment skill. The fund is unconstrained by market benchmarks and we believe its top-down macro-analytical framework, combined with a credit-intensive bottom-up process, will add significant value for our investors ...

SMSFs shifting focus for diversification

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
... of the year's turnover. Telecommunication services, healthcare and consumer discretionary stocks also proved popular. The top 10 domestic equity investments for SMSFs comprised the big four banks, Telstra, BHP Billiton, Wesfarmers, CSL, Woolworths and ...

Money managers eye household debt

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
... crash as devastating as that which led to the GFC is slim as about two-thirds of Australia's household debt is owned by the top 40% of the income distribution; that is, those most capable of continuing to service it as interest rates rise. "The risk ...