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Chief economist update: Australia needs China more than it needs us

BENJAMIN ONG  |  FRIDAY, 22 MAY 2020
... it's my birthday), and is now preparing to wreak havoc on thermal coal - Australia's second top commodity export. Next stop iron ore, Australia's top export... and then tourism... and then education... and then... The coronavirus made me ...

Active versus passive: The debate continues

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
... manager to identify and take advantage of those opportunities, going forward is really going to help investors up to this next sort of this next phase of the cycle."

Rest pays out $1bn, calls for policy certainty

JAMIE WILLIAMSON  |  THURSDAY, 21 MAY 2020
... Victoria, NSW, Queensland and WA, and are looking to commit a further $500 million to expand our agriculture portfolio during the next five years." Doyle said the amount withdrawn by Rest members remains significantly below the fund's own estimates and ...

Financial stress increases despite relaxed conditions

HARRISON WORLEY  |  THURSDAY, 21 MAY 2020
... long-term continues to remain high, with 53% of respondents anticipating the economy will feel the impact for at least the next 12 months. "With the flattening of the coronavirus curve and the beginning of easing restrictions, Australians are turning ...

AMP, Pendal launch new managed portfolio

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAY 2020
... "Research shows that over half of Australia's population are considering making ethical and responsible investments in the next five years." Egan said. "Nine out of 10 Australians also believe it's important that their financial institution invests responsibly ...

Plan for the worst, hope for the best

ALLY SELBY  |  THURSDAY, 21 MAY 2020
... take longer than what is currently being priced in. "We've still got a lot of unknowns that will become clear over the next two, three and six months," he said. "Would you be buying with your ears pinned back now? To me, you've got to have enough ...

Powerwrap inks strategic partnership

HARRISON WORLEY  |  MONDAY, 18 MAY 2020
... equity, private credit and hedge funds to investors. A further 50 funds are slated for inclusion on the platform within the next 12 months. The deal sees Powerwrap locked in as the firm's administration partner for a minimum of five years, and the platform ...

ASX-listed brokerage appoints managing director

ALLY SELBY  |  MONDAY, 18 MAY 2020
... in the capital of SelfWealth, worth approximately $260,000 and subject to the approval of shareholders at the platform's next AGM.

FASEA blame game on in earnest

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... news that Parliament will return for two weeks in June. "Labor implore the government to prioritise this legislation at its next sitting. The financial advice industry deserves that certainty." In a note to members, the Financial Services Union said ...

Chief economist update: Pay cut or pay not?

BENJAMIN ONG  |  FRIDAY, 15 MAY 2020
... April's 75.6 reading. The consumer sentiment survey also showed that consumers' expectations for "Economic conditions next 12mths" surged by 32.6% in May at the same time that the 'Unemployment Expectations Index' dropped by 13.4% (indicating ...