Weekly market update – week ending 19 October, 2018

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Investment markets and key developments over the past week While share markets had a great bounce from oversold levels early in the last week they fell back to varying degrees as worries around US interest rates, the US trade conflict with China, tech stocks and Italy’s budget deficit continued along with escalating tensions with Saudi […]

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Why ASIC is stopping ICOs

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ASIC has recently stopped a number of retail initial coin offerings and token generation events (ICOs), has taken action in respect of a completed ICO and has even issued a stop order on a PDS for a crypto fund. ASIC’s two key concerns – misleading and deceptive information in the materials used to market the […]

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Slowest Chinese economic growth in 9½ years

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Chinese economic data The Chinese economy grew at a 6.5 per cent annual rate in the September quarter (forecast: +6.6 per cent), down from 6.7 per cent in the June quarter – the slowest annual growth rate in 9½ years. Chinese retail sales rose at a 9.2 per cent annual rate in the year to September, (forecast: […]

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ASIC updates guidance as crowd-sourced funding regime extends to proprietary companies

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ASIC has released updated regulatory guides to coincide with the extension of the crowd-sourced funding (CSF) framework to eligible proprietary companies. This starts on 19 October 2018. ASIC has amended its guidance to include proprietary companies and updated requirements for public companies after consulting with those parties that made submissions to Consultation Paper 288 Crowd-sourced funding: […]

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MyState calls for regulation changes to encourage bank competition

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MyState Limited reported a net profit after tax of $31.5 million for the year ended 30 June 2018, up 4.6% on the year before. This strong result was supported by benefits from its investment in digitisation which have improved services for customers, as well as by productivity gains and cost management. Speaking at the company’s […]

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TH Real Estate expands local Commercial Real Estate debt team with new analyst

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Global real estate investment manager TH Real Estate has announced the appointment of Nicholas Lim as Analyst, Debt Strategies, in Australia, to support the continued growth of the Asia Pacific commercial real estate debt business. In the newly created role, Mr. Lim will be responsible for assisting in the analysis of new debt opportunities and […]

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Low cost multi-asset funds more volatile in down markets

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Investors in low cost multi-asset funds are more likely to experience higher volatility when markets decline, according to new research by Zenith. In its 2018 Multi Asset Diversified Review of 88 rated funds, Zenith compared the performance and drawdown of a low cost group in the growth category with a management fee below 0.58% per […]

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JBWere full member of RIAA

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JBWere has become a full member of the Responsible Investment Association Australasia (RIAA), the peak industry body representing responsible, ethical and impact investors across Australia and New Zealand. RIAA focuses on encouraging investment in sustainable assets and shaping responsible financial markets underpinned by strong returns. RIAA has over 220 members, including superannuation funds, fund managers, […]

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ASIC announces review of school banking

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As the lead Australian Government agency for financial capability, ASIC has announced that it will commence a review of school banking programs in primary schools. Across the country young people are learning about money at school. Financial literacy education is embedded in the Australian Curriculum and teachers draw on a range of materials and programs […]

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Tellworth Investments launches UK Smaller Companies Fund

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Tellworth Investments LLP, a BennBridge boutique, is launching the LF Tellworth UK Smaller Companies Fund, which will be led by experienced investment duo Paul Marriage and John Warren. BennBridge is the UK-based subsidiary of Bennelong Funds Management. The Fund, a UK OEIC which launches in November, is a continuation of the investment strategy that Paul […]

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