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Showing 1 - 10 of 100+ results for "Funds"

Industry slams Future Fund disclosure exemption

JAMIE WILLIAMSON  |  FRIDAY, 15 OCT 2021
... undermine its ability to compete on the global scale. In contrast, proposed disclosure reforms would see superannuation funds - which are increasingly investing and operating on a global scale - forced to disclose exact values of directly held assets. ...

Ellerston to shutter Morphic ESG fund

JAMIE WILLIAMSON  |  FRIDAY, 15 OCT 2021
Ellerston Capital will terminate the Morphic Global Opportunities Fund later this month as a result of dwindling funds under management. Investors were notified in December last year that an assessment of the fund's viability would take place this ...

Industry mixed over FSC advice framework

ANNABELLE DICKSON  |  FRIDAY, 15 OCT 2021
... scant evidence of it. It was championed by the FSC whose members, to this day, are primarily fund managers, superannuation funds and life insurers. Advisers are right to question the FSC's motives." Trapnell also wants to see the FSC propose the separation ...

Super system "frayed": Hume

ELIZABETH MCARTHUR  |  FRIDAY, 15 OCT 2021
... stemming from the mandated nature of superannuation, has allowed for widespread consumer disengagement - and mission creep from funds. " She identified these points as the main drivers of inefficiency and structural inequality within the system, driving ...

Pendal FUM rises despite mandate losses

KARREN VERGARA  |  FRIDAY, 15 OCT 2021
Several mandate losses did not dampen Pendal Group's 30% increase in funds under management for the September quarter. Pendal's total FUM grew to $139.2 billion from $106.7 billion quarter on quarter, a trading update on the ASX shows. For its ...

AZ NGA acquires regional advice firm

KARREN VERGARA  |  THURSDAY, 14 OCT 2021
AZ Next Generation Advisory has acquired a regional financial advice firm with $250 million in funds under management. AZ NGA is expanding to the New South Wales Hunter Region by acquiring RI Newcastle and Lower Hunter for an undisclosed amount. RI ...

ASIC calls for stronger whistleblowing policies

ANNABELLE DICKSON  |  THURSDAY, 14 OCT 2021
... has written to the chief executives of large public companies, large private companies and the trustees of superannuation funds to ensure their whistleblowing policies are compliant. The letter comes after ASIC reviewed a sample of whistleblower policies ...

TWUSUPER cans merger plans

JAMIE WILLIAMSON  |  THURSDAY, 14 OCT 2021
... executive Frank Sandy saying at the time: "Although early in the process, there appears to be a strong synergy between the funds operationally, which should translate to better member outcomes, as well as an alignment of our values and culture which ...

IAM Funds names inaugural chief

KARREN VERGARA  |  WEDNESDAY, 13 OCT 2021
The company formerly known as Cashwerkz appointed a chief executive for its asset management business, IAM Funds. Jonathan Baird will lead IAM Funds, a subsidiary of Income Asset Management Group, in the newly created role. Baird will also join IAM ...

Global equities ETFs surge

ANNABELLE DICKSON  |  WEDNESDAY, 13 OCT 2021
Australian investors are favouring global equities exchange traded funds (ETFs), with the sector recording nearly 50% growth year on year, research shows. Industry research from Vanguard showed global equities ETFs recorded $4.9 billion in inflows in ...
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