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Aussie fund management diversity improves: Research

KARREN VERGARA  |  WEDNESDAY, 15 SEP 2021
The Australian funds management industry has marginally improved its gender diversity record but still has a long way to go, Citywire's Alpha Female 2021 Report reveals. The annual study of global fund managers and how well the industry is progressing ...

Advisers embrace technology, lack budget

KARREN VERGARA  |  WEDNESDAY, 15 SEP 2021
... replicate their existing customer interactions to online, but if we look to the disrupters for inspiration, replication may not be enough. Digitisation of the client/adviser relationship will need to consider new channels, like client portals and online ...

Older investors, women flock to crypto

ANNABELLE DICKSON  |  WEDNESDAY, 15 SEP 2021
... have accumulated significant wealth and assets and have many years of experience investing in financial markets. They are not worried about allocating a small percentage of their portfolios to cryptocurrencies." Meanwhile, there was 172% growth in female ...

Australia ranked seventh for retirement wellbeing

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... net investable assets. Yet despite this representation, 35% of Australian investors said they were worried retirement would not be an option and 31% agreed they would never have enough money to retire. This pessimism comes despite Australian investors ...

Former Vocus chair charged with insider trading

ANNABELLE DICKSON  |  WEDNESDAY, 15 SEP 2021
... market. Uniti Group entered a trading halt on the ASX yesterday afternoon before issuing a statement saying Bowen's charges do not impact the company. "The company understands that Bowen emphatically denies the allegations and will be vigorously defending ...

Managed accounts surpass $100bn

ANNABELLE DICKSON  |  WEDNESDAY, 15 SEP 2021
... running their own investment philosophy through an SMA," he said. Morris said a third cohort of advisers has emerged that are not looking to set up their own managed accounts but instead are partnering with an asset consultant and outsourcing professional ...

NZ Super Fund delivers 30%

KARREN VERGARA  |  TUESDAY, 14 SEP 2021
... rising interest rates. That combination should weigh on company returns and creates a challenging investment environment. We do not expect the outperformance of recent times to continue forever," he said. In the last 18 years, the fund has returned 10.6% ...

PNG regulator denies Westpac Pacific sale

ANNABELLE DICKSON  |  TUESDAY, 14 SEP 2021
... completion and based on the performance of Westpac Fiji. Kina also said it is assessing the implications of the ICCC's decision not to grant authorisation to the acquisition and is considering its options.

Whitehelm Capital sells to German manager

KANIKA SOOD  |  TUESDAY, 14 SEP 2021
... business, Fidante Partners, we seek to build longstanding relationships and benefit from their long-term growth. "While it is not our strategy to sell our interest in our boutique partners, PATRIZIA's offer provided a unique and compelling opportunity ...

Stake sets $3 brokerage for ASX-listed stocks

KANIKA SOOD  |  MONDAY, 13 SEP 2021
... CHESS-sponsored model. "Paying $30 per ASX trade via established banks has long been par for the course for Aussie investors but they're not getting anything for that price tag -- it can be done better, and for less," Stake founder and chief executive ...