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.

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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.

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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

Submissions open for Fund Manager of the Year Awards 2023

Fund-Manager-of-the-Year/fund-manager-of-the-year-awards/FMOTY/Awards/

Nominations and submissions have opened for this year’s Fund Manager of the Year awards.

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Why BlackRock is rethinking bonds this year

blackrock/ishares/ETFs/

In the current inflationary market, the asset manager believes it’s time to re-evaluate bonds, starting by slashing fees on its iShares bond ETF offering in Australia.

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RBA recognises ‘painful squeeze’ as it pauses rates

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

The RBA has acknowledged the “painful squeeze” that interest rate hikes are having on households was a factor in its decision to pause this month.

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Distribution head returns to MLC

MLC-Wealth/MLC-Life-Insurance/life-insurance/distribution/hires/

Former MLC head of distribution, Rob Dassie, has returned to the firm in the financial advice arm of its life insurance business.

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Four officers found guilty of breaching duties in $17m MIS

managed-investment-scheme/ASIC/

The Court found the officers of Linchpin Capital Group and Endeavour Securities breached their duties in managing a $17 million managed investment scheme and did not act in the best interests of members.

AUTHOR

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