The latest issue of Financial Standard now available as an e-newspaper
| | MONDAY, 21 JUN 2021 12:49PMFranklin Templeton Investments is winding up its retail Australian Equity Fund, as asset growth lags.|
|Challenger's multi-boutique business has signed a new emerging markets manager, Financial Standard understands.|
|Coolabah Capital Investments has a fixed income fund on the Chi-X as a quoted managed fund.|
|The federal government has approved the Bank of Queensland's acquisition of ME Bank, which was formerly owned by industry superannuation funds.|
|The Foreign Investments Review Board (FIRB) has approved the $4.6 billion acquisition of Vocus by a consortium made up of Aware Super and Macquarie Infrastructure and Real Assets (MIRA).|
|HSBC Asset Management is launching a single business unit dedicated to alternatives with $69 billion in assets, to be led by its current global chief investment officer.|
|Australian private equity and venture capital firms' assets reached a record high of $18.4 billion (US$14bn), according to new research.|
|An index fund beat out active fund managers in the latest RMetrics rankings, topping the list based on returns and risk-adjusted measures.|
|US-based investing app Goodments by Douugh is now available in Australia, offering brokerage-free access to US stocks and ETFs.|
|Perennial will launch its third private company investment fund for wholesale investors on July 14 and has hired an investment head from Investec.|
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Franklin Templeton Investments is winding up its retail Australian Equity Fund, as asset growth lags.
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Financial advisers' appetite for exchange-traded funds has more than doubled since the global pandemic hit as new trading data shows that index funds are providing better means of diversification.
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The Association of Financial Advisers has slammed the Labor Party's attack on financial advisers, which paints the profession as dodgy and continues to rip-off consumers.
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The industry superannuation fund has hired from Australian Catholic Superannuation and Retirement Fund as it continues its hiring spree for the internal investment team.
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