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Vanguard ETFs claim first, second, and third place for inflows

ANDREW MCKEAN  |  THURSDAY, 15 MAY 2025
... issuers, bleeding $285.6 million - far ahead of Franklin Templeton (-$80.5 million) and Platinum (-$75.2 million), which had the next largest outflows. Total industry inflows for the month were just shy of a record set in January at $4.46 billion. Betashares ...

Daniel Mulino takes over financial services portfolio

JAMIE WILLIAMSON  |  TUESDAY, 13 MAY 2025
... higher administrative costs than the revenue it will generate." AMP's Alexis George also welcomed Mulino, saying: "Over the next decade, more than 2.5 million Australians are expected to transition into retirement. That number is set to rise to nearly ...

'Lunatic' tariffs can directly hit Australia: Academics

KARREN VERGARA  |  MONDAY, 12 MAY 2025
... world, with Hong Kong (7.6%), Japan (4.9%), Germany (4.4%) South Korea (4.3%), Vietnam (4%) and India (3.5%) making up its next-biggest export destinations. Several news outlets report that China's exports overall jumped 8.1% in April year on year ...

Bill Gates to shutter Gates Foundation in 2045

JAMIE WILLIAMSON  |  FRIDAY, 9 MAY 2025
Bill Gates says he will give away all his wealth over the next two decades and close the Gates Foundation permanently in 2045. It's a big change for the foundation which, when established in 2000, was done so with the charter that it would continue ...

Global X recruits key executives

ELIZABETH FRY  |  THURSDAY, 8 MAY 2025
... the infrastructure that underpins every part of our business," said Global X chief executive Alex Zaika. "As we enter our next phase of growth, it is more important than ever to have strong, experienced leaders in place across the business. "These individuals ...

Australian Ethical calls out QBE

ELIZA BAVIN  |  THURSDAY, 8 MAY 2025
... manager said it is concerned that a significant portion of that business may be at risk of becoming uninsurable over the next three decades. This follows QBE's 2024 reporting that it has already begun to exit property insurance exposures due to climate ...

Fed holds rates, but RBA still poised for a cut

ELIZA BAVIN  |  THURSDAY, 8 MAY 2025
... of this month. "The March quarter consumer price index (CPI) was a good enough result for a 25 bp policy rate cut at the next RBA meeting on May 19-20, but that is about it," Miller said. "...expectations in some quarters for a 50bp policy rate cut seem ...

Alternative real estate investment manager launches new fund

ANDREW MCKEAN  |  WEDNESDAY, 7 MAY 2025
... credit can offer. "Our strategy is proven, with our largest institutional investors already based in Singapore and Japan. This next stage of growth will be driven by investor education alongside our proven specialist capabilities and access to quality ...

MA Financial partners to invest $2.6bn in middle market loans

MATTHEW WAI  |  WEDNESDAY, 7 MAY 2025
... capital via its managed funds. MA Financial Group head of global credit solutions Frank Danieli said the partnership is the "next evolution" in private credit. "The US middle market presents a compelling opportunity to deploy capital to real world economy ...

Licensees slash compliance spending: Survey

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
... licensees are spending less on compliance, a new survey from Holley Nethercote shows, but a slew of reforms slated within the next 18 months could catch them off guard. Out of the 179 AFS Licensees and 29 credit licensees surveyed, 40% spent less than ...