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COVID-19 clogs custody mandate pipeline

ELIZABETH MCARTHUR  |  FRIDAY, 24 APR 2020
Switching custodians is one of the tasks being put on the back burner as the COVID-19 pandemic disrupts businesses and markets. The biggest custody businesses are experiencing delays in implementing new mandates, as volatility makes clients hesitant ...

The next big short

ALLY SELBY  |  THURSDAY, 23 APR 2020
... to the notion that costs really matter," he said. "And the costs for investing, unlike most things that people buy, are the one part of life where you get what you don't pay for. "In that environment, when people are thinking about returns that can ...

Aussie ETF investors got oil bets wrong before crash

KANIKA SOOD  |  THURSDAY, 23 APR 2020
... well as on a 12-month basis. On Thursday, BetaShares announced the ETF will replace its exposure to future contracts with one-month maturities (June for the ETF, as it doesn't have May exposure) to three-month maturities (September) as it sees the ...

Please be aware of the nearest exit

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
... operate and cover expenses when trading restrictions are lifted. "First and foremost, cash is king - it should be the number one priority, especially for smaller to medium-sized businesses," he said. "This means getting as much as you can and using it ...

The blame game

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
... quality, long-term strongly performing funds that have weaker, shorter-term measures under the APRA approach," Griffith said. One of the concerns around a shorter-term outlook comes down to the mixed messages it sends members. Griffith said it is important ...

Few redundancies but pay cuts abound: Recruiter

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
The financial services industry in Australia is one of the lucky ones right now with businesses still operational but while firms seem keen to hang on to their people, pay cuts are commonplace. April insights from financial services recruiter Profusion ...

Industry fund redeploys executives

JAMIE WILLIAMSON  |  THURSDAY, 23 APR 2020
An industry superannuation fund has shuffled the roles of two of its senior management, elevating one to its executive line-up. Christian Super has moved its chief member officer Nathan Buttigieg into the role of chief - operations and product. As of ...

Boutique launches new Aussie equities fund

KANIKA SOOD  |  THURSDAY, 23 APR 2020
... have owned 14 companies in other strategies that we manage," said Culbert, who is the fund's lead portfolio manager and one of the co-PMs alongside Millner. Culbert said it's a good time to launch the fund despite COVID-19 as other fund managers ...

Best, worst global equities funds in March quarter

KANIKA SOOD  |  THURSDAY, 23 APR 2020
... analysed posted negative returns for the quarter but returns ranged from -0.58% for the best performer to -27.07% for the worst one. The five best performing global equities funds in Morningstar's 75-funds-qualitative-coverage were: Stewart Investors ...

AMP bleeds $18 billion

HARRISON WORLEY  |  THURSDAY, 23 APR 2020
... record level of client enquiries for advice and support as people weigh up important financial decisions. "Markets in quarter one were extremely volatile particularly in March, with significant falls in equities, fixed income and key commodities impacting ...