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Investment

ASIC approves AMP for MDAs

HARRISON WORLEY  |  TUESDAY, 9 APR 2019
ASIC granted AMP Financial Planning approval to deal in managed discretionary accounts.

Climate change an imminent threat to returns

ELIZABETH MCARTHUR  |  TUESDAY, 9 APR 2019
A new report from Mercer shows how a climate change of 2c or more could have a detrimental impact on investment returns.

Institutions fail to adequately manage social risk

ELIZABETH MCARTHUR  |  TUESDAY, 9 APR 2019
The Actuaries Institute says social condition is as important as financial condition to the success and sustainability of an institution, but Australia's financial institutions are failing to measure this.

Colonial acquisition cost CBA shareholders $53bn: Merlon

KANIKA SOOD  |  TUESDAY, 9 APR 2019
CBA's decision to purchase Colonial under then chief executive David Murray destroyed $53 billion of value to shareholders in today's dollars, says Merlon Capital Partners.

eInvest to grow active ETFs

HARRISON WORLEY  |  TUESDAY, 9 APR 2019
Active ETF distributor eInvest will expand its distribution model over the coming year.

Praemium loses major client

KARREN VERGARA  |  MONDAY, 8 APR 2019
Praemium has lost an Australian institutional client that contributed 8% to its revenue.

Fund manager invests in women

ELIZABETH MCARTHUR  |  MONDAY, 8 APR 2019
An Australian funds manager has stepped up to address under-representation of women in the sector.

Inquiry denounces franking credit ban

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
The House of Representatives Standing Committee on Economics concluded Labor's proposal to remove refundable franking credits should not go ahead.

Ironbark, Zurich shutter funds

KANIKA SOOD  |  FRIDAY, 5 APR 2019
Ironbark Asset Management and Zurich Investments are shutting down three funds after the Sydney boutique managing them said it will stop asset management operations in July.

Powerwrap makes a move on IPO

KANIKA SOOD  |  FRIDAY, 5 APR 2019
Powerwrap is set to list on the stock exchange with a $73 million market cap after securing $15 million in commitments during its IPO.