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Morrison drops financial services portfolio

JAMIE WILLIAMSON  |  MONDAY, 27 AUG 2018
... following the spill on Friday, having trended downwards all week; by 1.05pm it was up 0.33% from the previous day's close of 6244.

Scott Morrison becomes Prime Minister, markets react

KANIKA SOOD  |  FRIDAY, 24 AUG 2018
... news, after trending downwards since Monday. It hit its highest at 1.05pm, when it was up 0.33% from the previous day's close of 6244. The stock market index has since come down slightly but is holding its gains, at 6260 as of 2.14pm. The Aussie ...

Cromwell operating profit up 3pct, trims distributions

KANIKA SOOD  |  THURSDAY, 23 AUG 2018
... company's underlying earnings. This was up 3% to $156.8 million. It also said it sees Aussie commercial real estate close to its peak, and is relying on its ground presence in Singapore and 12 European countries to find the right exposures to diversify ...

BetaShares wins insto allocation

KANIKA SOOD  |  THURSDAY, 23 AUG 2018
A freshly-minted BetaShares ETF has snagged a major investment from an Australian institutional investor, swelling to about four times its size in a single day. In an investment executed last week, an unnamed institutional investor placed $114 million ...

Millennials looking for impact: Research

HARRISON WORLEY  |  THURSDAY, 23 AUG 2018
Latest research from a global asset manager with operations in Australia shows impact investing is growing in popularity, with millennials leading the charge. According to American Century Investments, the appeal of impact investing reached 49% among ...

The BOE's got no problem

BENJAMIN ONG  |  THURSDAY, 23 AUG 2018
... correct not to wait. UK labour market stats since then indicate that it doesn't have to wait until 2019 for that slack to close. The unemployment rate has dropped further from a 42-year low of 4.2% to a 43-year low of 4% in the three months to June. ...

Charter Hall acquires $1.6bn property fund manager

KANIKA SOOD  |  WEDNESDAY, 22 AUG 2018
... the Folkestone culture shares many similarities to Charter Hall's own culture and we see the two organisations as a close fit. We look forward to Folkestone executives joining Charter Hall and the complementary skills they will bring as we work together ...

Natixis appoints insto sales head

KANIKA SOOD  |  TUESDAY, 21 AUG 2018
Natixis Investment Managers appointed a new head of institutional sales for Australia and New Zealand. Louise Watson will join the Sydney team of the $1.4 trillion multi-affiliate manager, having most recently served as CQS' head of distribution for ...

BetaShares to launch three tech ETFs

KANIKA SOOD  |  TUESDAY, 21 AUG 2018
The $5.7 billion manager will launch three ETFs that it says will give investors access to 'genuine, mega-growth' themes in the technology ecosystem. They will cover large Asian tech companies (ASIA), blockchain companies (BLOK) and the robotics ...

Advisers can't ignore CIPR debate: SSGA

KARREN VERGARA  |  MONDAY, 20 AUG 2018
... in retirement, with 45% saying they were not optimistic. Additionally, 38% surveyed said their savings wouldn't get close to what they need in retirement.