Over $700m Aussie flows withdrawn from equity funds

Calastone/australian-equities/equity-markets/fixed-income/equities/

| By Jasmine Siljic |

According to Calastone, 2023 was the first year since 2019 that Australian investors were net sellers of equity funds, as they turned their heads towards the promise of fixed income.

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Calastone

australian equities

equity markets

fixed income

equities

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Aussies seek to become ‘empowered’ through advice

TAL/nobleoak/financial-advice/life-insurance/financial-stress/

| By Jasmine Siljic |

Financial planning

While fewer than one in five Australians consult financial advisers, the vast majority wish they could do more to feel in control of their personal finances, two new reports highlight.

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AUTHOR

Jasmine Siljic

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Magellan sees third month of FUM gains

Magellan/Andrew-Formica/David-George/fund-flows/

| By Laura Dew |

Funds management

Ahead of its half-year results next week, Magellan has reported a rise in funds under management for the third consecutive month, but outflows remain elevated.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Potential side effects flagged for sophisticated investor test changes

wholesale-investing/law/treasury/

| By Laura Dew |

Funds management

Two potential side effects have been flagged around changes to the sophisticated investor test following a recent Treasury consultation, which could see thousands of investors no longer classified as 'wholesale investors'.

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wholesale investing

law

treasury

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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5 years of the Hayne RC: Reflecting on a ‘baptism of fire’

FSC/Wealth-Data/Hayne-Royal-commission/financial-advice/Blake-Briggs/Colin-Williams/Principals’-Community/quality-of-advice-review/

| By Laura Dew |

Financial planning

Wealth Data’s Colin Williams and the Financial Services Council’s CEO Blake Briggs are among industry commentators who have shared their insights into the impact of the Hayne royal commission changes.

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FSC

Wealth Data

Hayne Royal commission

financial advice

Blake Briggs

Colin Williams

Principals’ Community

quality of advice review

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Australia’s active ETF development defies outflows: Zenith

active-ETF/Zenith/ETFs/Global-X-ETFs/fund-launch/

| By Laura Dew |

Funds management

Australia is at the forefront of active exchange-traded funds (ETFs) according to Zenith, despite statistics showing they have experienced heavy outflows.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Morningstar announces eight ESG investment leaders

ESG/morningstar/Australian-Ethical/sustainability/

| By Laura Dew |

Funds management

A specialist Australian asset manager has been recognised as one of just eight firms globally, representing 8 per cent of asset managers surveyed, to be classed as an ESG leader by Morningstar.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Bravura appoints chief people officer from AMP

Bravura/fintech/technology/amp/

| By Laura Dew |

People & Products

Financial software firm Bravura has hired a chief people officer, fresh from transforming the culture at AMP.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Asian market earnings growth ‘set to double’ US

China/India/Asia-Pacific/

| By Jasmine Siljic |

Funds management

Key performers emerging across Asia could see the region outperform the US market over the long term as a ‘growth de-synchronisation’ plays out, according to fund manager abrdn.

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China

India

Asia Pacific

AUTHOR

Jasmine Siljic

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Sequoia acquires national paraplanning service

paraplanning/Sequoia/licensees/

| By Laura Dew |

Financial planning

Sequoia has made its latest acquisition of a national paraplanning service as it seeks to expand its offering for advisers.

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paraplanning

Sequoia

licensees

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Over $700m Aussie flows withdrawn from equity funds

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Aussies seek to become ‘empowered’ through advice

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Magellan sees third month of FUM gains

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Laura 's social profiles:

Potential side effects flagged for sophisticated investor test changes

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5 years of the Hayne RC: Reflecting on a ‘baptism of fire’

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Laura Dew

Laura 's social profiles:

Australia’s active ETF development defies outflows: Zenith

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Laura 's social profiles:

Morningstar announces eight ESG investment leaders

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Laura 's social profiles:

Bravura appoints chief people officer from AMP

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Asian market earnings growth ‘set to double’ US

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