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BetaShares to launch three tech ETFs

KANIKA SOOD  |  TUESDAY, 21 AUG 2018
... which has about $100 million in FUM. Vynokur said he expects the three new tech ETFs to attract $100 million in FUM over the next 12 months. BetaShares is also expecting to launch more products by the end of the year, Vynokur said. The new ETFs The BetaShares ...

HUB24 lifts targets

KANIKA SOOD  |  MONDAY, 20 AUG 2018
HUB24 has lifted its revenue targets for the next three years, as it its platform and advice licensee swelled their revenues in FY18. It is now expecting to hit $19-$23 billion in funds under advice in by FY21, as opposed to its last year's forecast ...

LIT serves up junk bonds to SMSFs

KANIKA SOOD  |  MONDAY, 20 AUG 2018
... in line with the size of the global high-yield bond market. Bommi expects the Fed to raise rates two to three times in the next 12 months. "[The] portfolio is well positioned as high-yield bonds have shown historic resilience in periods of rising rates," ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... assisting Michael Hodge said. An A to Z review is the fact-finding questionnaire that was faulted in the enforceable undertaking. Next, the community benefit payment that ANZ paid as a part of the July 6 EU was an amount suggested by the bank ($1.2 million) ...

Industry fund contract under works at Link

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... financial technology company headquartered in Ireland with expertise in banking and financial services. Leveris has developed a "next-generation" end-to-end banking platform that facilitates lending, deposit taking, card issuance and digital channel ...

CFA adds AI and fintech to curriculum

KARREN VERGARA  |  FRIDAY, 17 AUG 2018
The CFA Institute is introducing artificial intelligence, fintech and machine learning to its curriculum as of next year. The Institute updated its subject areas in an effort to arm candidates with the skills and knowledge needed for success in the ...

Chief economist update: Look ma, inflation ate my wages

BENJAMIN ONG  |  THURSDAY, 16 AUG 2018
... outnumber pessimists (above a reading of 100), the details of the report are worrying: family finances vs a year ago and over the next 12 months slipped by 0.5% and 1.1% in August, respectively; economic conditions over the next 12 months fell by 5.9% ...

Finding value in Fairfax

JAMIE WILLIAMSON  |  WEDNESDAY, 15 AUG 2018
... loan, they haven't been very good at checking their expenses," he said. Interest-only mortgages rolling off over the next few years will also prove significant, with Hopperton saying about 50% of Westpac's mortgage book is currently interest-only. ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... said the pension product is inclusive of a 60bps trailing commission that explains the poor performance. That leads to the next obvious question, Hodge said, which is why members are paying a trailing commission on cash? Elkins confirmed that the fee ...

Chief economist update: Small business is big business

BENJAMIN ONG  |  WEDNESDAY, 15 AUG 2018
... the survey's 45-year history. The details of the survey indicate that the July 1983 peak could even be broken over the next few months (if not next month) with the NFIB revealing that: "A net 8% of all owners (seasonally adjusted) reported higher ...