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Showing 531 - 540 of 2719 results for "PIC"

Pension fund in divestment hoax

JAMIE WILLIAMSON  |  FRIDAY, 3 JUL 2020
Global climate change activist group Extinction Rebellion has come under fire after it posed as Sweden's largest pension fund and claimed it was divesting from all companies with operations in fossil fuels. On June 29 a website purporting to be that ...

Industry fund eyes KiwiSaver accounts

KANIKA SOOD  |  THURSDAY, 2 JUL 2020
A $3.4 billion industry superannuation fund has struck an exclusive partnership which it hopes will help it attract 3000 new members each year. First Super, which traditionally services the paper and timber industry but is public offer, will now be ...

Cbus brings digital assets in-house

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
Cbus is working to bring all of its third party digital assets in-house, with the aim of increasing member engagement. Cbus chief technology officer Rob Pickering told Financial Standard the fund has been working on the project for over two years now. ...

Chief economist update: Extraordinarily uncertain outlook

BENJAMIN ONG  |  TUESDAY, 30 JUN 2020
US Federal Reserve chair Jerome Powell has painted an optimistic picture of developments in the US economy while at the same time warning of extraordinary uncertainty. "As the economy reopens, incoming data are beginning to reflect a resumption of economic ...

New multi-boutique launches in Sydney

KANIKA SOOD  |  MONDAY, 29 JUN 2020
A former head of research for Morphic Asset Management has launched a multi-boutique, aiming to partner with investment managers looking for distribution support. Mantis Funds, led by Timothy Cheung as chief executive, picked up Dalton Street Capital ...

Investors turn to China-focused strategies

ALLY SELBY  |  MONDAY, 29 JUN 2020
New research reveals investors are increasingly using dedicated China equity strategies for alpha generation, with the market turmoil of 2020 showcasing the country's diversification characteristics. In the first quarter, the MSCI Emerging Markets ...

Fintech acquires licensee

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
A fintech provider has acquired a financial services licensee, for an undisclosed sum. PictureWealth acquired NEO Financial Solutions, the licensee will now become a wholly owned subsidiary of PictureWealth. As at March 31, NEO was home to 83 financial ...

Chief economist update: The power of money (and a cure)

BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
"...and I think to myself, what a wonderful world." -- Louis Armstrong It seems a long, long time ago but it's only been three whole trading days (June 11) since Wall Street suffered a big fall - the day US benchmark equity indices closed sharply ...

Chief economist update: The second wave

BENJAMIN ONG  |  FRIDAY, 12 JUN 2020
Wall Street is down! Repeat, Wall Street is down! At the close of last night's trading activity all US benchmark equity indices closed sharply lower: Dow (6.9%), S&P 500 (5. 9%), Nasdaq (5.3%), Russell 2000 (7.6%). Financial market wire and web ...

Aberdeen Standard launches new fund

ELIZA BAVIN  |  WEDNESDAY, 10 JUN 2020
Aberdeen Standard Investments (ASI) has launched a new global small caps fund, offering access to high-growth opportunities and portfolio diversification. ASI said the fund aims to provide investors and financial advisers with access to a high-conviction ...