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Showing 1 - 10 of 218 results for "USD"

Carnegie's MHC Digital, Circle target local stablecoin push

ANDREW MCKEAN  |  TUESDAY, 1 OCT 2024
Venture capitalist Mark Carnegie's MHC Digital Group and fintech Circle have teamed up on a plan to ramp up USDC stablecoin distribution in Australia and Asia Pacific, exploring institutional use cases. USDC is a fully reserved stablecoin, with over ...

Kraken expands custody solution to Australia

ELIZA BAVIN  |  FRIDAY, 19 JUL 2024
Kraken Institutional will expand in Australia and the UK to offer institutional clients access to its custody solution. The cryptocurrency exchange said eligible investors in the UK or Australia can store, manage, and transfer crypto assets in Kraken ...

BitConnect promoter hit with good behaviour

KARREN VERGARA  |  TUESDAY, 16 JUL 2024
... and January 2018. In two of the seminars, Bigatton told attendees that BitConnect Coins would increase in value to at least USD$1000. In another, he promoted BitConnect as better than term deposits. He pleaded guilty to providing unlicensed financial ...

Australia climbs global wealth ranks

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
... its 3% contraction the previous year. The contraction in 2022 was largely attributable to currency effects, such as a strong USD. However, the bounce back of 4.2% offset the loss from 2022. UBS Wealth Management Australia managing director Andrew McAuley ...

Political risk pushes institutional investors to cash: Report

ELIZA BAVIN  |  WEDNESDAY, 10 JUL 2024
... dollar remains investors' safe haven of choice in the face of event risk," he said. "Long-term investor demand for the USD rebounded smartly in June, alongside demand for the Utilities sector in equities and cash more generally." The State Street ...

Global X launches currency hedged version of FANG+ ETF

ANDREW MCKEAN  |  FRIDAY, 5 JUL 2024
... fluctuation, our clients are seeking to include AUD-hedged products in their portfolios. Given FANG is entirely exposed to the USD, FHNG presents a strategic way to achieve this minimised currency risk, while still offering a high growth opportunity," ...

Copia seals distribution partnership

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
... using an environmental, social and governance (ESG) overlay. The fund returned 11.7% per annum before fees and unhedged in USD over a five-year period at the end of December 2023, compared to the Dow Jones Brookfield Global Infrastructure Index's ...

Global X slashes ETF fees

CHLOE WALKER  |  FRIDAY, 1 DEC 2023
Global X ETFs is reducing management fees on two of its fixed income ETFs, the Global X USD High Yield Bond ETF (USHY) and the Global X US Treasury Bond ETF (USTB). USHY is currently priced at 0.40% and UTSB is currently 0.20% per year but will be reduced ...

Don't abandon 60/40: J.P Morgan

CHLOE WALKER  |  THURSDAY, 30 NOV 2023
... 10-15-year outlook for risks and returns across asset classes. According to the report, the forecasted annual return for a USD 60/40 stock-bond portfolio over the next 10-15 years remains attractive at 7%. "While that is a dip of 20 basis points (bps) ...

Currency hedging solution launched for managed accounts

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
Rochford Group launched a hedging solution for managed accounts that hold USD assets, to meet the growing need to simplify the management of AUD/USD currency exposures. Rochford Group has appointed Equity Trustees as responsible entity of its new fund ...
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