David Murray to commence as AMP Chairman  

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AMP Limited has announced David Murray AO will commence as Chairman of its Board of Directors, effective immediately. Mr Murray agreed to accept the chairmanship on 4 May 2018.  Following the completion of required appointment processes and the finalisation of some prior commitments, he has now joined the Board. As previously announced, Mike Wilkins, AMP’s […]

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When will the next recession begin?

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A 2020 US recession “According to the June 11 business section of the USA Today, many experts say in 2020 for the United States. If it happens, it would be the first time such a forecast came true; recall that economists in general have predicted zero of the last seven recessions. The stock market is no […]

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$36 million Epping sale driven by hunger for suburban offices

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Centuria Metropolitan REIT (CMA) yesterday announced the sale of 3 Carlingford Road, Epping, for $36 million to a private buyer. The sale price represented a 118% increase on the purchase price of $16.5 million in December 2014. The fully-leased office building sold with a tight passing yield of 5.4%, demonstrating the strength of suburban markets. […]

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LIC investors getting more choice, but reducing benefit from discount to fair value in longer term

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Investors have more choice than ever in the asset class strategies offered through Listed Investment Companies (LICs), according to Zenith’s latest research report on the sector. The expanding investment menu has been fuelled by a dramatic shift in the composition of the LIC market, which has grown 16% per annum over the past six years […]

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ASIC releases guidance for its oversight of the Australian Financial Complaints Authority (AFCA)

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Ahead of the commencement of the Australian Financial Complaints Authority (AFCA) on 1 November 2018, ASIC has released new Regulatory Guide 267 Oversight of the Australian Financial Complaints Authority (RG 267). ASIC is releasing new guidance in advance of AFCA commencement to provide policy certainty for stakeholders and to support an efficient transition to the new single […]

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Antipodes Partners fund added to Colonial First State’s FirstChoice investment menu

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Leading global equities investment boutique Antipodes Partners has had its Global Long-Short Strategy added to Colonial First State’s FirstChoice platform. Antipodes’ assets under management (AUM) has increased to approximately A $7 billion in just three years since its formation – with around half being sourced from institutions and half from retail investors (including SMSFs and […]

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The growing importance of the “E” in ESG

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Growing environmental concerns, and the concerted effort to tackle them on a global scale, are generating largescale changes across multiple industries. The ability to more precisely identify how environmental regulations are driving industry changes, and having a deeper understanding of their impact on related companies and sectors, could offer investors a structural advantage, note a […]

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Quantifeed raises US$10 million Series B funding

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Quantifeed, Asia’s leading B2B robo-advice provider, has closed US$10 million (AU$13.5 million) in a Series B funding round. The investment is led by Cathay Financial Holdings (TWSE: 2882), Taiwan’s largest financial holding company, with participation from Legg Mason Inc (NYSE: LM), the US-based global asset manager. The Series B round will enable Quantifeed to fuel […]

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IOOF advice groups lead industry survey of financial advisers for second year

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IOOF has achieved the top ranking for the number of advisers in Barron’s survey of Australian financial advisers for the second year in a row. IOOF aligned advisers constituted 24 per cent of Australia’s top financial advisers, as ranked by the respected U.S. financial investment publisher. On the second annual list of ‘Australia’s Top 50 […]

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Study confirms Age Pension ‘a nightmare’ for older Australians

A joint study conducted by the National Seniors Australia (NSA) and Retirement Essentials has confirmed that applying for the Age Pension is a fraught experience for many older Australians. According to Retirement Essentials founder and CEO Paul Rogan, the report offers a unique insight into the challenges confronting prospective Age Pensioners who deal with Centrelink, […]

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