MyState launches new managed fund platform

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MyState Limited (ASX:MYS), the banking and wealth management group, today announced that its wealth management business, TPT Wealth, has launched a new platform providing managed fund investors with national digital services. MyState’s Managing Director and CEO, Melos Sulicich, said, “We are modernising wealth services for managed fund investors as part of a multi-year ongoing investment […]

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Australian tech start up launches world’s first standardised culture index

The world’s first independent and standardised index creating culture transparency, launched this week, provides companies with the capacity to measure and strengthen corporate culture. A tangible response to the current crisis in Australian corporate culture exposed by the Hayne Royal Commission, Melbourne-based start-up The Workability Index’s platform also provides companies with strong cultures the capacity […]

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AMP Capital expands investment in University of Melbourne student accommodation 

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AMP Capital has agreed to acquire the student accommodation concession for Melbourne Connect, a new campus being built by the University of Melbourne to bring together high-calibre research, industry, government and higher-degree students in a purpose-built precinct. The acquisition has been made on behalf of investors in the AMP Capital Diversified Infrastructure Trust (ADIT). The […]

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Financial quality metrics and ESG factor interactions can impact equity markets

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As investors seek to integrate ESG data into their investment processes, they can mistakenly conflate ESG scores in practice with the more familiar financial quality metrics. But this conflation stems from insufficient research that has yielded inconclusive results note Yijia Chen, ESG Quantitative Research Analyst and Alexander Deleon, Quantitative Research Analyst at Calvert Research and […]

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Westpac completes Share Purchase Plan raising approximately $770 million

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Westpac has announced the completion of its Share Purchase Plan (“SPP”) following the closing of the SPP on 2 December 2019. The SPP raised approximately $770 million and approximately 31.9 million new shares in Westpac (“SPP Shares”) will be issued to successful applicants on 11 December 2019. In accordance with the SPP Terms and Conditions, […]

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Non-bank lending giving Australian businesses opportunity to grow

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Australian private finance and investment house Wingate said unmet demand for corporate debt funding had given rise to new opportunities for non-bank lenders to support growing businesses and diversify opportunities for its investors. Kevin Wunsh, Managing Director Wingate Corporate Investments, said that a shift in the banking system is providing a significant opportunity to deliver […]

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HUB24 adds Australian Eagle Long-Short Fund

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HUB24 has approved the Australian Eagle Trust Long-Short Fund for its superannuation and IDPS platforms. This follows Netwealth’s recent introduction of the Fund for its super platform. The Fund invests in liquid Australian equities and has delivered 20.61% per annum since inception in June 2016 to the end of Nov 2019. A focus on change […]

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DNR Capital Australian Emerging Companies Fund added to six leading platforms

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DNR Capital, a leading fund manager, has announced that its Australian Emerging Companies Fund is now available to financial advisers via BT Wrap, BT Panorama, Macquarie Wrap, Netwealth, HUB24, and Praemium, six leading investment and super platforms. The DNR Capital Australian Emerging Companies Fund offers investors exposure to 20-45 high quality Australian smaller companies identified through […]

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Calastone builds scale for reporting solution with the addition of OneVue

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Calastone, the largest global funds network, continues to enhance the benefits of automation across Australia’s managed funds sector as industry participation for its Reporting solution grows. Australia’s largest registry provider, OneVue, which represents 42 fund manager clients that are trading with platforms through Calastone, is now sending monthly Statements of Holdings and Transactions to enabled […]

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AMP to phase out ongoing advice agreements; introduces annual agreements

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AMP has announced it will introduce annual agreements for clients who currently receive ongoing financial advice. The new system will be introduced during 2020, while ongoing advice agreements will be phased out, for both its aligned and employed advice networks, who are being notified today. AMP Australia CEO Alex Wade said the move to annual […]

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