The latest issue of Financial Standard now available as an e-newspaper
|Flinders Investment Partners, which escaped multi-boutique Prodigy's demise, has found a new strategic partner who is acquiring a 50% stake in the small caps equities boutique.|
|First Sentier's head of global property securities is urging investors to take a diversified approach to property, as some sectors fare better than others in the COVID-19 economic wash-up.|
|Pendal has increased the consideration of sustainability factors in its multi-asset target return fund, in what it claims is an Australian first.|
|Banking giant HSBC is facing a $2.3 billion (GBP 1.3 billion) law suit over investments in Disney films allegedly promoted by its private bank in the UK.|
|A newly established managed investment scheme has launched on the Australian Securities Exchange, aiming to achieve long-term capital growth.|
|The US$1.38 trillion technology giant has launched a US$2 billion venture capital fund, set to invest in companies building products, services, and technologies that protect the planet.|
|Contrarian fund manager Allan Gray predicts dividend headwinds are on the horizon, arguing investors shouldn't expect any yield from the majority of ASX-listed companies in the near future.|
|At least US$62 billion of mutual funds across the globe have suspended redemptions so far this year, already higher than at least the previous eight years, owing to COVID-19, according to Fitch Ratings.|
|Zenith Investment Partners said demand for its managed accounts services grew amid the uncertainty and volatility in investment markets sparked by the COVID-19 pandemic.|
|Global responsible investment manager Insight Investment has introduced a new ESG risk rating for fixed income products, which it claims covers around 95% of companies in global investment grade indices.|
Pendal Group has made year-long fee cuts on two funds, as it sees the Reserve Bank of Australia holding the cash rate at the record-low of 0.25%.
Standard & Poor's has downgraded AMP Limited's credit rating from BBB+ to BBB, with all AMP Group entities on CreditWatch with negative implications.
ME Bank chief executive Jamie McPhee has resigned after weathering scrutiny over the bank's adjusting of redraw facilities for mortgage customers and its relationship with the industry funds that own it.
At a time when many Australians are engaging directly with their superannuation fund for the first time, member satisfaction appears mixed, with two separate surveys producing some opposing views.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|