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|Local institutional investors handed out $43.5 billion of funds management mandates in the year to March end and Macquarie had the most wins, latest league tables from Rainmaker show.|
|The ASX has announced it will extend its temporary capital raising measures until November 30, as a second wave of COVID-19 infections batters Victoria.|
|Capital raisings by ASX-listed companies increased 256% to nearly $26 billion during June, as they cashed up to weather the economic crisis.|
|State Street is dropping the fees on its flagship actively-managed equities funds by 9 to 13 bps for Australian investors effective July 1.|
|New research from asset consultant Willis Towers Watson has found that private equity investments have weathered the impact of the COVID-19 financial crisis, despite a subdued environment for exit deals in the first half of the year.|
|Funds from IOOF, Vanguard and Fiducian figure among the top-five performers among wholesale funds, in the latest Rainmaker Information tables to May end.|
|Praemium this morning advanced a $55.6 million bid to acquire Powerwrap in an off-market conditional takeover priced at 26.55 cents per share.|
|After BetaShares' success in attracting investors to its geared, index-shorting ETFs during COVID's market decline, another player is getting ready to throw its hat in the ring.|
|Australian Unity has appointed a new chief executive for its wealth and capital markets business, as it also launches a new green bond fund backed by Crestone Wealth Management.|
|Despite ongoing legal action between the pair, WAM Active has made an official replacement bid to acquire Keybridge Capital shares at an offer price of 6.9 cents per share.|
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.
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