The latest issue of Financial Standard now available as an e-newspaper
|The top traded stocks for June among Australian investors has been revealed, with punters throwing cash at tech, aviation, automotive and entertainment companies to profit from the rally.|
|Centuria Industrial REIT (CIP) has increased its portfolio value by 1.3% compared to the previous book value.|
|Pinnacle boutique Metrics Credit Partners has launched a new fund-of-funds that will invest in direct loans to Australian corporates, with the minimum investment size set at $1000.|
|Australia's model portfolio landscape is growing at a rapid rate, with the number of models available on managed accounts up 70% per annum, according to Rainmaker Information.|
|Mirae Asset Global Investments has sliced the fees on two Asian equities funds by 20bps each.|
|Despite the ongoing impact of the COVID-19 pandemic, Legal Entity Identifier (LEI) registrations doubled in 2019/20, according to APIR Systems.|
|MSC Trustees was appointed trustee for the $1 billion ASX-listed notes of Spark Infrastructure.|
|The global manager's Australian business has launched a private equity fund for sophisticated investors, with a private debt fund launch chalked in for the second half of the year.|
|Boutique fund manager SG Hiscock has partnered with Morgan Stanley to exclusively distribute their global equity funds in Australia.|
|Amid the market volatility the COVID-19 pandemic ushered in, a new survey has revealed that sentiment is turning in favour of active investment management.|
There is a good chance the planned superannuation guarantee increase to 12% will be deferred again as the nation continues to struggle with the effects of COVID-19, according to Mercer senior partner David Knox.
BetaShares' ETF that tracks crude oil futures is once again changing the length of contracts it tracks and is taking extra measures to automatically convert the ETF to all cash if oil futures drop significantly again.
The global fund manager saw its profits tumble 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income.
Chi-X TraCRs and funds will now be offered on a privately owned wealth management platform, granting financial advisers and their clients access to some of the world's biggest listed companies.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|