ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.

Global year-to-date inflows into active ETFs are 87 per cent higher than the same time a year ago at US$447.7 billion.

The central bank has released its decision on the official cash rate following its November monetary policy meeting.

BlackRock Australia plans to launch a Bitcoin ETF later this month, wrapping the firm’s US-listed version which is US$85 billion in size.

Financial advisers have expressed concern about the impact including private market exposure is having on their tracking error budget, according to MSCI.

Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.

HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.

Betashares has launched a global shares and a global infrastructure ETF as part of the firm’s strategic expansion strategy to support financial advisers in building more diversified portfolios.

State Street will restrict its membership of global climate alliance Net Zero Asset Managers after the organisation dropped its flagship 2050 goals amid ESG backlash from the US.

Two investment advisory research houses have announced a merger to form a combined entity under the name Delta Portfolios.