Job market: Aussie hiring frenzy

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Labour Force Employment rose by 50,000 in December (consensus: +50,000) after increasing by 90,000 jobs in November. Full-time jobs rose by 35,700 and part-time jobs rose by 14,300. The unemployment rate fell from 6.8 per cent to 6.6 per cent in December (consensus: 6.7 per cent). Hours worked rose from 1.752 million hours to 1.753... Read more continue reading

Cyclical recovery to spur growth

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The year 2020 delivered a black swan in the form of a global pandemic that plunged economies into recession and sparked market mayhem. However, according to Evergreen Consultants, an independent investment consulting firm, the new year should deliver a strong economic rebound. Angela Ashton, founder and director at Evergreen Consultants adds: “We expect a benign cyclical... Read more continue reading

Nuveen enhances real assets platform with acquisition of renewable energy specialist Glennmont Partners

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Nuveen, a leading global investment manager with over $1 trillion of assets under management, has agreed to acquire Glennmont Partners, one of Europe’s largest renewable energy fund managers, to meet increasing global demand for environmentally responsible investments that also aim to provide alternative sources of attractive returns. The acquisition will enhance Nuveen’s existing private infrastructure... Read more continue reading

Zenith announces ‘service first’ with MSCI BarraOne

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Zenith Investment Partners has announced the roll-out of the MSCI BarraOne portfolio tool within its consulting business, further enhancing the delivery of institutional-grade portfolio analysis, service scalability, insights and reporting to its managed account portfolio clients. Typically the domain of institutional investors, the MSCI BarraOne is a research-driven analytical platform that provides users with integrated... Read more continue reading

Markets entering 2021 confident, but caution still required

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Volatility is likely to remain a feature of markets in 2021 as financial markets digest the realities of the far more constrained growth prospects of the real economy, according to portfolio managers at Schroders. Head of fixed income and multi-asset, Simon Doyle, expects low returns from cash and fixed income assets in 2021 will be... Read more continue reading

US political protests, inflation and rising bond yields

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Key points US protests are only an issue for investment markets if they significantly impact economic activity. Global and Australian recovery will boost bond yields and there is good reason to believe that (after yet another false ending) the now nearly 40-year super cycle decline in bond yields may be at or close to over.... Read more continue reading

Regulatory system for financial advice failing consumers

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The SMSF Association says the current regulatory system is failing consumers with an outdated compliance regime, impost from Australian Financial Services Licensees (AFSLs) and the operation of scaled advice the main barriers to providing financial advice that is more accessible, cost effective and relevant to SMSFs. Association CEO John Maroney says: “After nationwide consultation with... Read more continue reading

Janus Henderson bolsters institutional team with the appointment of the Global Head of Consultant Relations

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Janus Henderson Investors (NYSE: JHG, ASX: JHG) announced today the appointment of Richard Graham as Global Head of Consultant Relations. Richard will be based in London and report to Nick Adams, Global Head of Institutional. In this newly-created role, Richard will lead and drive Janus Henderson’s engagement with investment consultants on a global basis, developing and executing... Read more continue reading

Consumer views on future finances hit 15½-month high; Biggest lift in new home sales in 20 years; Payrolls drop

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Consumer confidence; New home sales; CBA card spending & spending intentions; Payrolls Consumer confidence: The weekly ANZ-Roy Morgan consumer confidence rating fell by just 0.2 per cent to 108.7 (long-run average since 1990 is 112.6). But consumer views on family finances over the next year (‘future financial conditions’) rose by 2.4 per cent to a... Read more continue reading

AIA takes next step in process to acquire CommInsure Life

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Life insurer AIA Australia has published notices in major Australian newspapers, signaling its intent to take on the Commonwealth Bank of Australia’s (CBA) life insurance and investments business (known as “CommInsure Life”). CommInsure Life policyholders will receive a letter from AIA Australia and CommInsure Life, informing them of the intended transfer by way of a... Read more continue reading