KARREN VERGARAThe ASX recorded its biggest-ever ETF market turnover in a day earlier this month, hitting a whopping $2 billion on March 6, largely thanks to BlackRock reducing its equities exposure and shoring up defensive assets within its model portfolios.
ELIZA BAVINColonial First State has awarded a $1 billion fixed income investing mandate to a global investment management firm.
ANDREW MCKEANAustralia's superannuation industry is poised for accelerated consolidation, with most existing funds set to disappear, according to a Mercer report.
JAMIE WILLIAMSONClose to 5000 European funds being marketed as ESG hold interests in companies involved in fossil fuels, research shows.