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New Zealand investors call for action after attacks

ELIZABETH MCARTHUR  |  TUESDAY, 2 APR 2019
New Zealand investors are rapidly joining an initiative to strengthen controls on social media content in the wake of the Christchurch terrorist attacks. Last month the NZ Super Fund, Accident Compensation Corporation, Government Superannuation Fund ...

Aberdeen Standard fixed income lead departs

JAMIE WILLIAMSON  |  MONDAY, 1 APR 2019
... two following the Standard Life merger. He joined Aberdeen Asset Management in 2007 as a senior investment manager, after close to nine years at Deutsche Asset Management. Replacing Bishop at Aberdeen Standard is Adam McCabe. Based in Singapore, McCabe ...

ASIC dismisses Royal Commission insider trading reports

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
... Westpac was up 1.8% on a day when the market climbed 0.5%. The Hayne report was tabled in parliament on February 4 after close of trading. The following day, the banks' share prices were up significantly. Westpac jumped 7% on a day when the total share ...

Frydenberg takes action on banning grandfathered commissions

HARRISON WORLEY  |  THURSDAY, 28 MAR 2019
Consultation is now open for the Federal Government's response to Commissioner Kenneth Hayne's recommendation that grandfathered conflicted remuneration should be eliminated. The new regulation proposes financial product manufacturers to pass on to ...

Zurich Investments shuts down fund

KANIKA SOOD  |  THURSDAY, 28 MAR 2019
Zurich Investments has shut down an income-focused international equities fund amid a strategic review of its fund lineup. The Zurich Investments Global Equity Income Scheme, managed by Denning Pryce was closed off in September, wound up in December ...

Chief economist update: A question of when?

BENJAMIN ONG  |  THURSDAY, 28 MAR 2019
... negative yield differential between the tenners and the 3-month bill rate. We're still not there but we're getting close. The CME FedWatch Tool shows that the odds of a Fed rate cut have increased - at its June meeting to 27.6% currently from ...

Investors raise alarm on Facebook

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAR 2019
In the wake of the Christchurch terrorist attack, many are questioning the role of Facebook in investment portfolios. After the social media giant live streamed the shootings, ethical investors have been forced to consider whether Facebook genuinely ...

Natixis bets on thematic investing

KANIKA SOOD  |  WEDNESDAY, 27 MAR 2019
... demographic changes, globalization, innovation and scarcity. "We are long-term by design in our investment style and in close alignment with our clients' interest," she said. Natixis had about $7.5 billion in assets under management in Australia, as ...

Chief economist update: Woe to the world

BENJAMIN ONG  |  MONDAY, 25 MAR 2019
... that can go wrong will go wrong." It did go wrong. The VIX and MOVE indices jumped by 20.9% and 17.4%, respectively, at the close of last week's trading activity - up 28% and 22.9% from their respective 2019 lows. What gives? What gave that the yield ...

Australian Unity creates new partnerships role

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
Australian Unity Trustees has recruited from Equity Trustees to fill the newly-created position of head of partnerships. Sally Fenemor is taking on the new role, joining from Equity Trustees where she was most recently national business development ...