Weekly economic and market update – week ending 30 July, 2021

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Investment markets and key developments over the past week Despite some concerns about Chinese regulatory tightening early in the week and ongoing worries about coronavirus US and European shares rose over the last week helped by strong earnings results in the US and strong data in Europe. Japanese and Chinese shares fell though with regulatory... Read more continue reading

FPA repeats its calls for the Government to review the implementation of the ASIC levy at yesterday’s Senate hearing

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FPA CEO Dante De Gori CFP®, and FPA Head of Policy, Strategy and Innovation Ben Marshan CFP®, appeared before the House Economic Committee yesterday, to provide an update on current issues impacting financial planning, including the cost of advice, increasing gender diversity and further scope for innovation in the profession. Responding to questions regarding the 340... Read more continue reading

State Street Partners with Lukka to expand digital asset fund administration capabilities for its alternative investment clients

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State Street Corporation has announced it will provide digital and cryptocurrency asset fund administration capabilities for the firm’s private funds clients. In partnership with Lukka, a leading enterprise crypto asset data and software provider, State Street will support its private fund clients with collection, standardisation, enrichment, reconciliation, processing and reporting related to crypto and other... Read more continue reading

Man Group commits to net-zero carbon emissions goal

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Man Group announces that it has joined the Net Zero Asset Managers initiative and is thereby committed to reducing greenhouse gas emissions to net zero in investment portfolios by 2050. This is an industry-led effort to help limit warming to 1.5C, consistent with the Paris Accord. The firm has a significant focus on Responsible Investment... Read more continue reading

Equity Trustees bolsters trustee and wealth team with two new hires

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Australia’s leading trustee company, Equity Trustees, has announced two new additions to its Trustee and Wealth Services (TWS) team to meet client demands. Kate Schell has been appointed as an Adviser in the Private Client team while Amanda Sartor joins as a Senior Relationship Manager in the Charitable Trusts and Philanthropy team. Commenting on the appointments, Ian Westley,... Read more continue reading

Active fund managers outperform during reporting seasons

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Over the past 10 years active fund managers in Australia have outperformed the S&P/ASX 300 Accumulation Index benchmark by 2.7 per cent during reporting seasons, according to the latest Australian shares large companies sector report from Zenith Investment Partners. The average outperformance for the past 10 years in the reporting months of August and September... Read more continue reading

Altis Property Partners expands capital team with the appointment of new Director

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Australian real estate fund manager, Altis Property Partners (“Altis”) has appointed director James King to its Sydney office to support its real estate investment strategies and capital raising initiatives. James will be responsible for the key functions of capital raising, investor relations, and product development across the Altis platform. James joins Altis from his previous... Read more continue reading

AFA provides testimony at Parliamentary Standing Committee on Economics

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The Association of Financial Advisers (AFA) National President, Michael Nowak, Vice President, Sam Perera and Acting CEO, Phil Anderson appeared before the Parliamentary Standing Committee on Economics (the Committee) earlier today. AFA National President, Michael Nowak said, “The AFA is pursuing a deliberate strategy to ensure that this important Committee was left with no illusion... Read more continue reading

Managed accounts pass Best Interest test, delivering efficiencies to advice firms during disruptive times

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Leading research firm Investment Trends has released its annual Managed Accounts Report, and in-depth study of financial planners’ use of managed accounts in Australia. The twelfth annual edition of the Report reveals a growing adoption of managed accounts. In the last five years, the proportion of financial planners who recommend managed accounts has doubled from... Read more continue reading

Natixis IM appoints Joseph Pinto and Christophe Lanne

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Natixis Investment Managers has announced two appointments, effective immediately. Joseph Pinto is appointed Head of Distribution for Europe, Latin America, Middle East and Asia Pacific for Natixis Investment Managers, overseeing client-related activities and support functions for these regions. He was previously Chief Operating Officer at Natixis Investment Managers. Christophe Lanne is appointed Chief Administration Officer... Read more continue reading