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No progress on super wealth gap in 12 years

MARK SMITH  |  WEDNESDAY, 20 JUL 2016
... the distribution of superannuation holdings among those aged 50-69: the bottom 50%; the next 40% (deciles 6 to 9); and the top 10%. It found that in 2002, the mean superannuation balance of those in the bottom 50% of the distribution of superannuation ...

Magellan launches third ASX-quoted active fund

MARK SMITH  |  TUESDAY, 19 JUL 2016
Magellan Financial Group is launching an ASX-quoted version of its top-performing listed infrastructure fund. The Magellan Infrastructure Fund (Currency Hedged) is expected to commence trading on the ASX with the code MICH on 22 July 2016. The new exchange-quoted ...

MainstreamBPO heads to NY

KERRIE SYDEE  |  FRIDAY, 15 JUL 2016
... the largest market in the world and accounts for more than half of global hedge fund assets. We anticipate we will be in the top 20 ranking of fund administrators in North America based on the funds we currently have under administration." The office ...

BlackRock, Aviva receive ratings nod

KERRIE SYDEE  |  THURSDAY, 14 JUL 2016
... Asgard eWrap platforms on 8 July 2016. The fund aims to outperform the S&P 300 industrials accumulation index, excluding the top five stocks by market capitalisation, by between 4% to 6% a year before fees over rolling three year periods. In its report ...

China ready to dominate: Nikko AM

ALEX BURKE  |  WEDNESDAY, 13 JUL 2016
Reforms to preserve economic growth and the impending arrival of A-shares will make China a stable and attractive proposition for global investors, according to Nikko Asset Management senior portfolio manager Robert Mann. Speaking to Financial Standard ...

Fees still an issue for alternatives: WTW

KERRIE SYDEE  |  WEDNESDAY, 13 JUL 2016
Total assets managed by the top 100 alternative investment managers globally increased by 3% in the past year to US$3.6 trillion, according to new research from Willis Towers Watson (WTW), which found that while inflows remain steady, investors are ...

MGD sets focus on risk and succession

KERRIE SYDEE  |  TUESDAY, 12 JUL 2016
... total wealth management philosophy. He has a seriously impressive background, having provided advice to some of the country's top professional services firms including subsidiaries of international players." Adding to this Proudfoot said: "MGD's integrated ...

MLC adds to SMA suite

KERRIE SYDEE  |  TUESDAY, 12 JUL 2016
... Antares' capability and we're extremely pleased to be able to offer it to investors who may be looking to either complement a top 20 focused portfolio, or as a standalone diversified exposure to the Australian market." Commenting further Vincent said ...

Zenith finds value in reduced blue chip exposure

ALEX BURKE  |  TUESDAY, 12 JUL 2016
The best-performing funds on Zenith's approved product list were those that reduced exposure to the top 20 ASX stocks, according to its 2016 Australian Large Companies Sector Review. The review found that, on average, approved Zenith products returned ...

Aussie investors list operational alpha among top priorities

DARREN SNYDER  |  MONDAY, 11 JUL 2016
The global head of Bloomberg Asset and Investment Manager believes Australian investors are seeking both new and non-traditional asset classes as a priority to generate income and alpha increases. Recently appointed Bloomberg AIM global head Steve Ioannou ...