Investment group cancels all investor briefings
Investment and funds management group, 360 Capital Group, has cancelled all interstate travel and investor briefings scheduled for March and April in 2020 in Sydney, Melbourne, Brisbane, Adelaide and Perth due to “evolving health concerns” and advice from government bodies not to gather in large groups.
This would include all the investor briefings intended to provide an update on the following existing and new funds, the firm said in the announcement made to the Australian Securities Exchange (ASX) on Tuesday.
The company said it would skip face-to-face meetings and encouraged all the parties involved to follow information with regards to HY20 results as well as its new fund upcoming launches on its website.
“The health of our staff, investors and stakeholders is our ongoing priority, so this ensures we’re doing our part to minimisation the spread of COVID-19,” the firm said in the announcement.
Recommended for you
Almost 70 per cent of asset managers are planning to control costs via product rationalisation, according to a global survey by Northern Trust, as they seek to offer clients a best-in-class experience.
Fund managers should work collaboratively with data providers to minimise greenwashing risks in their products as a positive ESG score can be a “gamechanger” for a fund’s demand with advisers.
Asset manager Janus Henderson has made two acquisitions in the ETFs and emerging markets space as it takes strategic steps to meet client needs.
Self-reporting issues to ASIC could lead to a reduced charge for a fund manager but it may not exempt them from enforcement action altogether, according to ASIC chair Joe Longo.