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
After introducing its first active ETF to the Australian market earlier this year, BlackRock is now preparing to launch its first actively managed, income-focused ETF by the end of November.
Milford Australia has welcomed two new funds to market, driven by advisers’ need for more liquid, transparent credit solutions that meet their strong appetite for fixed income solutions.
Perennial Partners has entered into a binding agreement to take a 50 per cent stake in Balmoral Investors and appoint it as the manager of Perennial's microcap strategy.
A growing trend of factor investing in ETFs has seen the rise of smart beta or factor ETFs, but Stockspot has warned that these funds likely won’t deliver as expected and could cost investors more long-term.

