‘Prudent’ pause does not point to hiking halt: Lowe

RBA/interest-rates/Phil-Lowe/inflation/

The RBA remains open to further rate tightening amid speculation of an end to the cycle.

AUTHOR

Challenger sells CRE real estate business

challenger/real-estate/M&A/

Challenger has announced it will sell its Australian real estate business, CRE, to Elanor Investors Group for $42 million.

AUTHOR

New FAAA members to dominate FAR

ASIC/financial-adviser-register/Wealth-Data/FPA/AFA/

If all FPA/AFA members join, over half of the Financial Advisers Register could be members of the new FAAA and the organisation will have to work to meet the needs of the various different licensees.

AUTHOR

Where do Australian equities stand against 2023’s choppy waters?

portfolio-management/australian-equities/Alphinity-Investment-Management/Ariel-Investments/Pendal-Group/Global-X-ETFs/Ausbil-investment-Management/

With market volatility and interest rates keeping investors on their toes, equity managers say they’re keeping a close eye on how the asset class performs over the next 12 months.

AUTHOR

How many more adviser departures could the industry see?

Adviser-Ratings/adviser-numbers/Stephen-Jones/experience-pathway/

Data from the latest Adviser Ratings’ Landscape Report of adviser sentiment has found there could still be thousands more exits over the next few years as a question mark hangs over the experience pathway.

AUTHOR

UBS tipped to re-enter Australian wealth space

UBS/credit-suisse/wealth-management/

The firm's emergency rescue of Credit Suisse could mark its return to wealth management in Australia.

AUTHOR

Maple-Brown Abbott rebrands Responsible Investment fund

maple-brown-abbott/emma-pringle/responsible-investment/sustainable-investing/

Maple-Brown Abbott has changed the screening process for its $35 million Responsible Investment fund to allow a greater focus on sustainability, renaming it the Australian Sustainable Future Fund.

AUTHOR

Global X announces US corporate bond ETF

blackrock/Global-X-ETFs/ETFs/fixed-income/

Leaning into the growing demand for fixed income assets, Global X has launched a new exchange traded fund that will help Australian investors tap into the US corporate bond market.

AUTHOR

Spark Financial launches digital investing solution

Spark-Financial-Group/Arthur-Kallos/OpenInvest/

The newly launched digital investment portfolio solution, Spark Invest, will see all profits from its management fees directed to charitable benefactors.

AUTHOR

Magellan Aussie equity FUM falls by a third

Magellan/Airlie-Funds-Management/fund-flows/

Magellan has seen funds under management fall to $43.2 billion with Australian equities falling by a third.

AUTHOR

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