Funds management

INDUSTRY NEWS

Betashares closes swathe of funds due to insufficient size

Betashares is to close three managed funds and three ETFs after they failed to secure sufficient assets. ...

INDUSTRY NEWS

IAM appoints Press, launches 2 bond ETFs

Income Asset Management has hired former ASIC commissioner Danielle Press to its board as a non-executive director as it launches corporate bond ETFs....

INDUSTRY NEWS

International equities lead the charge in November ETF flows

November proved to be a standout month for international equities, with these ETFs witnessing nearly double the flows of the next closest category....

INDUSTRY NEWS

First Sentier signs mandate with Northern Trust

First Sentier Investors has inked a new mandate with fund administration service Northern Trust, extending a 19-year relationship into the Australian market....

INDUSTRY NEWS

Viola Private Wealth signs NRL’s Cooper Cronk

NRL legend and four-time premiership winner, Cooper Cronk, has signed on at Viola Private Wealth as a brand ambassador as the firm targets individuals with niche careers ...

INDUSTRY NEWS

Completed Maple-Brown Abbott deal sees Antipodes cross $20bn

Antipodes has successfully completed the acquisition of Maple-Brown Abbott first announced in July, with the group now managing over $20 billion in AUM....

INDUSTRY NEWS

GQG raises $145m for first private markets fund

GQG Partners has closed fundraising on its initial private markets fund, having raised $145 million....

INDUSTRY NEWS

HMC Capital hires director to boost wholesale reach

Former BT sales executive, Sarah Hegarty, has taken up the role of senior director of wholesale distribution at HMC Capital....

INDUSTRY NEWS

RBA makes final 2024 rate call

The Reserve Bank of Australia has announced its final interest rate decision for 2024 amid stubborn inflation and faltering economic growth....

INDUSTRY NEWS

Smart beta ETF usage on the rise among advisers

Financial advisers are demonstrating interest in smart beta ETFs, according to VanEck, who are using it as an alternative to active management. ...

INDUSTRY NEWS

Perpetual/KKR deal in doubt amid significant tax liability

The deal between Perpetual and KKR is in doubt after the ATO significantly reduced the estimated cash proceeds for shareholders due to a $488 million primary tax liabilit...