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Local private debt funds' growth potential 'remains strong': Preqin

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... much smaller fraction of their portfolio to private markets. Preqin head of research insights Cameron Joyce believes the next growth phase for private markets will be at the individual level, expecting high-net-worth investors to increase their allocations ...

Future Group joins campaign to ban gambling ads

MICHELLE BALTAZAR  |  WEDNESDAY, 14 AUG 2024
... which are the subject of its initial campaigns. It is due to make all ASX shares and ETFs available on its platform from next week and hopes to attract 100,000 platform users within five years. Seven West and Nine typically hold their AGMs in Novembe ...

Cost cutting returns Bravura to profit

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... closely with in the future," he said. Some Bravura staff will consequently be transferred to Fidelity over the course of the next 12 months.

Wages grow 0.7% in June quarter

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... is unsurprising given less tight labour market conditions, which points to further downside in public wages growth in the next year," Bui said. The minimum wage has increased in three consecutive years: 5.2% in 2022, 8.6% in 2023, and 3.75% in 2024. ...

How many advisers will Australia have in 2044?

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... in Australia forces us to confront the question of how many financial advisers will be operating in Australia within the next two decades," Rainmaker said. "The financial adviser sector in Australia was riding high in 2019 with 26,500 registered financial ...

Vanguard, Betashares, iShares neck and neck in battle for inflows

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... million, capping off the top 10 ETF issuers by inflows. Magellan, meanwhile, led outflows by a wide margin with $1.56 billion. Next in the line was AllianceBernstein at $185 million, Fidante at $161 million, Perth Mint at $86 million, and Platinum at ...

Dimensional to launch three more ETFs

KARREN VERGARA  |  MONDAY, 12 AUG 2024
... (DFA) is converting three additional products to dual-access funds, which it hopes will start trading as ETFs as early as next week. The Dimensional Australian Value Trust, Global Value Trust, and Global Small Company Trust are set to trade on the ASX ...

BlackRock names Asia Pacific operations chief

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... Asia Pacific Susan Chan, Ueda will relocate to Hong Kong from Tokyo. Chan said the appointment comes as "we power into our next chapter of growth in Asia Pacific." "She has demonstrated exceptional leadership in driving BlackRock's growth initiatives ...

Zenith head of research calls time

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
... the investment consultancy after 13 years. Moncrieff said she is going to take a break to recharge before contemplating her next chapter. "For the moment, it's going to be walking and saying hello to family, friends, my garden, and my sewing machine," ...

Asset management brand power a 'critical differentiator': ISS

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
... educate investors about economic concerns while simultaneously promoting their brand. Thought leadership was rated as the next most effective method, with 15% of advisers rating it "extremely effective." Financial Standard is published by ISS Market ...