Aberdeen Standard Investments adds new financial planning firms to growing SMA service

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Aberdeen Standard Investments (ASI) has signed two more financial planning firms to its separately managed account (SMA) service, as it continues to rapidly grow its presence in the market. Queensland-based financial planning licensee Futuro Financial Services and WA-based advice firm Profusion Planning are the latest to have joined ASI’s SMA Service, which manages 18 multi-asset,... Read more continue reading

Iress announces final all-cash offer under OneVue Scheme

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Iress (IRE.ASX) has announced an increase to the consideration under the proposed Scheme of Arrangement (the Scheme) with OneVue Holdings Limited (OVH.ASX) (OneVue). The consideration that OneVue shareholders will be entitled to receive for their shares under the terms of the Scheme will increase from 40 cents per share to 43 cents per share. OneVue... Read more continue reading

The Best of Both Worlds AstuteWheel integrates with Xplan

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In response to a call from advisers using both services, leading financial advice client engagement software provider AstuteWheel has successfully integrated with Xplan. AstuteWheel managing director, Hans Egger, says AstuteWheel decided to integrate with Xplan following requests from mutual clients. “Responses to a question on our own survey of advisers who use AstuteWheel and Xplan... Read more continue reading

Earnings shaky but green shoots for global growth

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Company earnings are unlikely to return to pre-pandemic levels until late 2021 at the earliest, with many companies unwilling to provide growth numbers for more than a couple of quarters, according to senior client portfolio manager at American Century Investments, Bernard Chua. However, there are signs of green shoots in some regions and sectors. Mr... Read more continue reading

La Trobe Financial completes $500 million RMBS issuance 2020-S1

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La Trobe Financial has announced that it has successfully completed its second RMBS transaction for 2020 (and its 11th issuance since 2014) – a $500 million RMBS tactical issuance, supplementing its diverse funding program. La Trobe Financial was able to complete the specialist transaction with repeat support from domestic and global investment houses and included... Read more continue reading

First of its kind biodiversity tool for investors announced

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AXA Investment Managers, BNP Paribas Asset Management (“BNPP AM”), Sycomore Asset Management and Mirova (an affiliate of Natixis Investment Managers) are pleased to announce that they have selected the consortium comprised of Iceberg Data Lab and I Care & Consult as the research provider to develop a tool to allow investors to measure how their... Read more continue reading

AMP Capital acquires infra tech fibre business VX Fiber

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AMP Capital has agreed to acquire a majority stake in VX Fiber, an international infra tech fibre business headquartered in Sweden, on behalf of investors in its infrastructure equity strategy. VX Fiber has existing operations in South Africa and the UK and is targeting an advanced pipeline of opportunities in the UK, Belgium, Austria and... Read more continue reading

Bermuda-based fund investing in US life insurance policies launches in Australia

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Laureola has launched its Life Settlements Fund into the Australian market. “The underlying assets are US life insurance policies and everyone knows how life insurance works and why there is a guaranteed pay-out from the Life Insurance Company. There’s room for growth: the US life insurance market is currently USD 20 trillion,” said Tony Bremness,... Read more continue reading

Westpac announces Board changes

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Westpac Banking Corporation (“Westpac”) has announced the appointment of Michael (Mike) Hawker AM to the Westpac Board effective in November 2020. Westpac Chairman, John McFarlane said, “We are delighted to welcome Mike to the Board and will benefit greatly from his board experience and deep knowledge of financial services.” Mr Hawker was Chief Executive Officer... Read more continue reading

AMP Capital focuses on Asia Pacific with new infrastructure debt strategy

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AMP Capital has launched a new Infrastructure Debt Asia Pacific strategy to help investors from around the world capitalise on emerging growth opportunities in the region, as demand for basic infrastructure in developing economies continues to increase. The strategy will target infrastructure mezzanine debt opportunities in both developed and developing countries in Asia Pacific. A... Read more continue reading