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ASX sees trade volumes soar in May

MATTHEW WAI | THURSDAY, 4 JUN 2026

The Australian Securities Exchange (ASX) saw a substantial growth in trade volumes last month, despite continued lackluster movement in initial public offerings (IPOs). According to its May monthly activity report, ASX reported a 31% increase in total ...

M&G new hire to bolster Australian insto ties

RIDDHIMA TALWANI | THURSDAY, 4 JUN 2026

M&G Investments, a global asset manager with £371.4 billion ($768.8bn) in assets under management, has appointed Cameron Sinclair as head of institutional distribution in Australia. Sinclair will be tasked with strengthening M&G's relationships across ...

Munro expands access to climate focused fund

VINNY VUCAGO | THURSDAY, 4 JUN 2026

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand. Moro said the move expands access to a strategy focused on companies positioned to benefit from the global decarbonisation trend. The fund, which is ...

Macquarie AM launches global small caps ETF

ELIZA BAVIN | THURSDAY, 4 JUN 2026

Macquarie Asset Management (MAM) has launched a new systematic active ETF, expanding its existing range of active ETFs in Australia. Available today via the ASX, the Macquarie Global Small Companies Active ETF (ASX: MQXS) aims to offer Australian investors ...

BT appoints new head of strategy

KARREN VERGARA | THURSDAY, 4 JUN 2026

A former Allianz Retire+ executive has joined BT as the new head of strategy. Simon Aboud joined the wealth manager on June 1. Late last year, Aboud left Allianz Retire+ as its chief product and marketing officer, a role he assumed in May 2021. Prior ...

Raiz names new chief executive

KARREN VERGARA | WEDNESDAY, 3 JUN 2026

The chief executive of Raiz Invest stepped down after nearly four years in the post and has been replaced by former Selfwealth chief Craig Keary. Brendan Malone left the top job on May 29 and remains on gardening leave until 29 May 2027. Keary commenced ...

Cooling economy could keep RBA on hold

ELIZA BAVIN | WEDNESDAY, 3 JUN 2026

Australian gross domestic product (GDP) rose 0.3% in the March quarter 2026 and 2.5% compared to a year ago, according to the Australian Bureau of Statistics (ABS). "Economic growth slowed in the March quarter, with modest household and public sector ...

Invesco, Trinetra IM strategies to wind up

KARREN VERGARA | WEDNESDAY, 3 JUN 2026

After failing to scale, Invesco's True Balance Fund and Trinetra Investment Management's emerging markets strategy are set to wind up. The multi-asset Invesco True Balance Fund, which had about $37.5 million in assets, will terminate on June 4. Application ...

Pengana raises $150m for AI-focused LIT

KARREN VERGARA | WEDNESDAY, 3 JUN 2026

Pengana Capital Group says it has already raised $150 million for a yet-to-list fund that targets private companies in the artificial intelligence (AI) space. The cornerstone funding round raised $150 million, exceeding the initial target amount of ...

What does a world with 'zero migration' look like?

RIDDHIMA TALWANI | WEDNESDAY, 3 JUN 2026

Oxford Economics has hypothesised an extreme scenario of "zero migration" globally and found while destination economies, mostly advanced, would see significant declines in output per capita, origin economies would have modest gains as retained labour ...

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BT appoints new head of strategy

KARREN VERGARA | 10:47AM

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI | 12:24PM

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI | 12:21PM

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO | 12:09PM

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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