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Natixis unveils ESG global equities fund

KANIKA SOOD  |  WEDNESDAY, 28 MAR 2018
... across the globe. Mirova is a subsidiary of Natixis Asset Management, which is due to be rebranded as Ostrum Asset Management next week.

Royal Commission could lead to credit crunch: UBS

ALEX BURKE  |  WEDNESDAY, 28 MAR 2018
... though the Royal Commission's interim findings won't be released until December (with the final report available in February next year), banks will already be addressing irresponsible lending. The report cited ANZ recently ceasing consumer loans for ...

Chief economist update: Just a hiccup in a rising trend

BENJAMIN ONG  |  WEDNESDAY, 28 MAR 2018
... interest rates... surprise, surprise. As for Wall Street, 35.4% of US consumers expect stock prices to increase over the next 12 months, down from 40.1% in the previous month. This figure is the lowest proportion of respondents since November 2016 (30.9%). ...

Kapstream creates new fund

DARREN SNYDER  |  MONDAY, 26 MAR 2018
... loss," Goldman said. Details of the Kapstream Absolute Return Credit Fund (KARCF) will be available to investors within the next three months. It will be distributed in to the wholesale market through Challenger's Fidante Partners. The fund launch comes ...

Powerwrap adds top industry names

JAMIE WILLIAMSON  |  MONDAY, 26 MAR 2018
... capture this market." Powerwrap chair Anthony Wamsteker credited Davidson with attracting such high-calibre candidates for the next phase of the platform's growth. Powerwrap currently has about $6.9 billion in funds under administration.

Look inside to drive fintech forward: AltFi Summit

DARREN SNYDER  |  MONDAY, 26 MAR 2018
... established players. Speaking ahead of the AltFi Australasia Summit in April, uno Home Loans founder Vincent Turner said in the next five to seven years the crucial fintech partnerships will be with time-honoured institutions. "People tend to think the ...

Meller to depart AMP

JAMIE WILLIAMSON  |  MONDAY, 26 MAR 2018
... of leadership, saying it has been a privilege to lead a company with the history and heritage of AMP. "As we move into the next phase of growth, it is the right time to begin the process of moving to new leadership," he said. "I remain very focused on ...

AMP appoints director for $130 billion business

KANIKA SOOD  |  THURSDAY, 22 MAR 2018
... and MLC's head of investment control. Finch will move into his new role on 3 April while Lara is expected to join later next month. Late last year, AMP restructured its sales team to align with its wealth management and insurance businesses - a move ...

Chief economist update: Dot tales

BENJAMIN ONG  |  THURSDAY, 22 MAR 2018
... median projection for real GDP growth was revised higher to 2.7% this year (from 2.5% predicted in December 2017) and 2.4% next year (from 2.1%) and unchanged at 2.0% in 2020. Projections for the unemployment rate was lowered to 3.8% this year (from ...

Aussie attitudes toward retirement shifting

JAMIE WILLIAMSON  |  THURSDAY, 22 MAR 2018
... potentially be required to cover 50 or 60-year periods. At the same time, the average age of Australians intending to retire in the next 12 months has risen to 61.9 years, up from 58.2 years in 2014. Roy Morgan said this trend proves beneficial to members ...