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Value versus growth: Market expectations in 2024

ANDREW MCKEAN  |  THURSDAY, 16 MAY 2024
... Regarding investment strategies, particularly long-term investments over three to five years, the potential for a recession does not alter his approach significantly. He affirms that structural growth companies are expected to maintain their earnings ...

CalSTRS appoints chief investment officer

ANDREW MCKEAN  |  THURSDAY, 16 MAY 2024
The California State Teachers' Retirement System (CalSTRS) has named a chief investment officer to succeed Christopher Ailman, who announced his retirement in January after a long tenure. Scott Chan, who's served as deputy chief investment officer since ...

Poor gender diversity not a 'women's problem': Panel

KARREN VERGARA  |  WEDNESDAY, 15 MAY 2024
... capital, then you get to the right outcome - a tested outcome," she said. Leaning into gender diversity, VFMC ended up with not only with a gender diverse team, it also has a workforce that is ethnically diverse with staff speaking at least 10 different ...

Price dislocations pave way for active managers

KARREN VERGARA  |  WEDNESDAY, 15 MAY 2024
... particular junction," she told the 2024 Stockbrokers and Investment Advisers Association Conference (SIAA) on day one. This was not the case around 2016 and through to 2018, an era marked by Brexit, US-China trade war tensions and underscored by sentiments ...

Calls for a simplified path to financial advice

ANDREW MCKEAN  |  WEDNESDAY, 15 MAY 2024
... students-around 110,000 graduates annually-that the financial planning profession cannot currently access. Since these courses are not widely available, students would have to change universities and restart their education, incurring significant additional ...

The rising role and risks of generative AI

ANDREW MCKEAN  |  WEDNESDAY, 15 MAY 2024
... process vast amounts of diverse data. While these models are refined with human feedback to create convincing outputs, they're not inherently designed to produce verifiable truths. Davis noted that while the public's focus is often on AI in client-facing ...

Members' attitude, behaviour key to better engagement

JAMIE WILLIAMSON  |  WEDNESDAY, 15 MAY 2024
... understanding at a granular level, to truly support members for the best possible retirement," she said. "Demographic analysis is not enough. Funds must continue to innovate, to effectively engage with at-risk segments. And it starts with sound insights." ...

Australia requires swifter settlement cycle: SIAA

KARREN VERGARA  |  WEDNESDAY, 15 MAY 2024
Australia is at risk of getting left behind if it does not adopt the T+1 settlement cycle along with major global financial centres, according to operations experts who spoke at the Stockbrokers and Investment Advisers Association Conference (SIAA) ...

Former NSW adviser loses ban appeal

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... integrity in their dealings with clients," ASIC said. "ASIC may ban a financial adviser if it has reason to believe that they are not a fit and proper person to provide financial services or that they are likely to contravene a financial services law ...

Industry reacts to Federal Budget

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
Treasurer Jim Chalmers handed down the Federal Budget last night, delivering its second consecutive surplus as well as a raft of measures to ease the cost-of-living crisis. Despite many of the measures presented in the Budget having been announced prior ...