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Ord Minnett acquires E.L. & C. Baillieu

ELIZA BAVIN  |  FRIDAY, 6 NOV 2020
... are looking forward to what will be an exciting time ahead." The integration of both firms is set to take place over the next 12 months and E.L. & C. Baillieu will continue to operate under its name, however will be a wholly owned subsidiary of Ord Minnett. ...

BetaShares tinkers with ETF lineup

KANIKA SOOD  |  WEDNESDAY, 4 NOV 2020
... assets at September end, while QCB had $9.6 million. BetaShares said it has plans to launch at least five new ETFs by March next year. It is also making changes to its four diversified ETFs, effective December 15. The BetaShares Diversified Growth ETF ...

AMP Capital bids farewell to active ETFs

KANIKA SOOD  |  WEDNESDAY, 4 NOV 2020
... June 2016 launch was ill-timed, and quickly overshadowed by Magellan's infrastructure fund (MICH) which launched the next month, and is now the biggest infrastructure equity ETF on the ASX with $662 million in assets at September end. GLIN was the ...

Chief economist update: RBA does the limbo rock

BENJAMIN ONG  |  WEDNESDAY, 4 NOV 2020
... Settlement balances to zero the purchase of $100 billion of government bonds of maturities of around five to 10 years over the next six months. Can you spell QE? The RBA's bond purchases are intended to push down long-term government bond yields. ...

RBA cuts rate to new historic low

ELIZA BAVIN  |  TUESDAY, 3 NOV 2020
... Settlement balances to zero and purchase of $100 billion of government bonds of maturities of around five to 10 years over the next six months. Despite many economists predicting the move, insights manager at Finder Graham Cooke said the rate cut was ...

The platforms with the most advisers

KANIKA SOOD  |  TUESDAY, 3 NOV 2020
... third name on the list is Perpetual's WealthFocus with 5853 adviser users and 6.5% market share. It is used by 777 AFSLs. Next up was Asgard with 5401 advisers, 6% market share and 739 licensees. The results are based on AFSL-level data collected ...

Retail super offerings in successor fund transfer

JAMIE WILLIAMSON  |  MONDAY, 2 NOV 2020
The successor fund transfer of another OneVue-administered retail super offering and all its sub-plans is set to commence later this month. Following on from its decision to transfer LESF Super to Smartsave earlier this year, OneVue's Diversa is pushing ...

Eriksens analyst moves to research house

ELIZA BAVIN  |  MONDAY, 2 NOV 2020
... continue its long-standing relationship with the New Zealand market and further enhance its offering and commitment over the next year. "With Andy on board we are confident that we can further strengthen our relationships in New Zealand and deliver better ...

Climate change greater threat than COVID: Report

ELIZA BAVIN  |  MONDAY, 2 NOV 2020
... gain if the country did act now to fight the effects of climate change. "That's a $3.4 trillion lost opportunity over the next half a century. But there's a $680 billion dividend that's ours for the taking if we do rise to this challenge, along with ...

Fastest-growing AFSLs in the country

KANIKA SOOD  |  FRIDAY, 30 OCT 2020
... market share of advisers at 4.6%. It was followed by SMSF Advisers Network (907 advisers, $250 million, 4.4% market share). Next up were five names with 2% to 2.6% market share: Synchronised Business Services (521 advisers), Morgans Financial (497) ...