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.
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.
The newly launched digital investment portfolio solution, Spark Invest, will see all profits from its management fees directed to charitable benefactors.
Magellan has seen funds under management fall to $43.2 billion with Australian equities falling by a third.
Nominations and submissions have opened for this year’s Fund Manager of the Year awards.
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.
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.
Former MLC head of distribution, Rob Dassie, has returned to the firm in the financial advice arm of its life insurance business.
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.
Ian Parkes, a former chief financial officer at Mortgage Choice and Homeloans, has been appointed to the role, replacing Paul Murray.
