Review of 2019, outlook for 2020 – the beat goes on

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Key points 2019 saw growth slow, recession fears increase and the US trade wars ramp up, but solid investment returns as monetary policy eased, bond yields fell and demand for unlisted assets remained strong. 2020 is likely to see global growth pick up with monetary policy remaining easy. Expect the RBA to cut the cash […]

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BennBridge boutique Skerryvore makes senior appointments

BennBridge boutique Skerryvore Asset Management has appointed six senior executives to join its newly established emerging markets business. Stephen Deane, Nicholas Cowley, Ian Tabberer, Michael Cahoon and Ronan Kelleher join Skerryvore as portfolio managers; while Ben Lawson has been appointed head of dealing. Skerryvore’s managing partner Glen Finegan, who established the UK-based boutique in partnership […]

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Aberdeen Standard Investments appoints head of Australian Fixed Income

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Aberdeen Standard Investments (ASI) has appointed Garreth Innes as the Head of Australian Fixed Income.  Garreth joined the Australian fixed income team in 2011 and has over ten years’ industry experience. He has a strong background in macro credit strategy and global asset allocation, coupled with extensive research experience across investment grade and high yield […]

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BTIG Australia Limited Names Industry Leader Andrew Dalgleish Chief Executive Officer

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BTIG Australia Limited has announced that Andrew Dalgleish has joined the firm as its Chief Executive Officer, effective immediately. Mr. Dalgleish will be based in BTIG’s Sydney, Australia office, and will focus on fueling new growth across all lines of business. He has spent more than 20 years helping to lead several successful financial services […]

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Shoppers wait for the sales; Record trade surplus

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International trade; Retail trade Retail trade: Retail trade was flat in October. The annual growth rate fell from 2.5 per cent to a 2-year low of 2.1 per cent. Foreign trade: The trade surplus fell from $6.85 billion in September (previously $7.18 billion) to $4.5 billion in October. Australia has recorded 22 successive monthly trade […]

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PAN-Tribal Global Equity Fund maintains Zenith rating

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PAN-Tribal Asset Management is pleased to announce the PAN-Tribal Global Equity Fund has maintained its Highly Recommended rating following Zenith’s recent review of the global equity fund sector. Managed by New York-based Davis Advisors, the PAN-Tribal Global Equity Fund provides a style neutral, currency unhedged and benchmark unaware exposure to global equities. In its research […]

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No positives in going negative for central bankers, says Principal Global Investors

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President Trump has been pushing the Federal Reserve (Fed) to consider cutting policy rates below zero in an effort to stimulate growth and weaken the dollar, however his stance hasn’t gained support amongst other central banks or the Federal Open Market Committee (FOMC). According to Principal Global Investment Strategist, Seema Shah, the rapid spread of negative yielding […]

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Australia Ratings upgrades La Trobe Financial to ‘Superior’

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The $9.6 billion diversified wealth manager La Trobe Financial announced that it has been upgraded to ‘Superior’ – the highest available ranking – in its most recent independent operational capability assessment by research house, Australia Ratings. La Trobe Financial Chief Investment Officer Chris Andrews said he was delighted to receive this top ranking from the […]

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TAL launches national skin check initiative for the fourth year

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TAL, a leading Australian life insurance specialist, launched its national skin check initiative, TAL SpotChecker, for the fourth year running at Bondi Beach. Through the annual program, TAL is seeking to encourage and enable more Australians to embrace skin safety, by providing customers and the general public access to free skin checks from qualified professionals […]

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Equity Trustees Awards State Street Expanded Custody Contract

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State Street Corporation (NYSE:STT) has announced that Equity Trustees (ASX: EQT), Australia’s leading trustee company, has appointed State Street for custodial and investment administration services of Equity Trustees Wealth Services Limited funds. Building on a longstanding relationship, this new agreement will see State Street provide Equity Trustees with market-leading back office services including custody, fund […]

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