Franklin Templeton Australia has closed two funds run by ClearBridge and Martin Currie, one of which is over 40 years old.
Australia is driving the way in active ETFs, according to Trackinsight, and active listings could outpace those of passive ones by FY26.
Fund managers are seeking to strengthen their distribution teams to target the wealth management channels, but recruiters say it can be difficult to find senior hires.
Having previously stated a desire for greater expertise in fixed income, Bennelong Funds Management has partnered with Allspring Global Investments on a global income strategy.
In the latest episode of Relative Return, host Laura Dew chats with Haran Karunakaran, fixed income investment d
Generation Life CEO, Felipe Araujo, sees advisers as critical to the launch of its new longevity products, as it enters a strategic alliance with BlackRock.
Calder Wealth Management (CWM) has acquired a Melbourne-based financial planning business to strengthen its Victorian footprint.
Financial advice business models focused on holistic and investment advice have grown by just 2 per cent so far this financial year, according to Wealth Data.
AUM in alternative ETFs have reached US$0.28 trillion, according to State Street, with three-quarters of advisers planning to increase their allocations to the vehicles.
Only a third of Australians are willing to pay more than $500 for advice, thousands of dollars behind what advisers need to charge just to stay in business.
