Insight Multi-Asset Weekly Update: Anticipation continues to build for a Trump-Xi meeting at the G20 summit

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Market and economic review  Risk assets lose positive momentum in latter half of the week on global growth concerns, while government bond yields move higher Risk assets started the week on the front foot following the news late last Friday that the US had agreed to suspend tariff action against Mexico. This early momentum gradually faded […]

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AREITs benefit from volatile equity markets but investors should understand risks

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The volatility in equity markets has led to investors seeking more defensive investment options with Australian real estate investment trusts (AREITs) regarded as a useful alternative, says SG Hiscock & Company’s director and portfolio manager, Grant Berry.   “REITS, or listed real estate, has the attraction of more predictable income streams than many mainstream equities, thanks […]

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Fiducian Group to acquire MyState’s financial planning business

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MyState Limited (ASX: MYS) announced yesterday that it has entered into a sale agreement with Fiducian Group Limited (ASX: FID) for the acquisition of MyState’s retail financial planning business in Tasmania. Under the agreement, Fiducian will pay approximately $3.5 million to acquire the MyState financial planning client book with more than $340 million in funds […]

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Short and Sharp: Everything is not okay

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Another tweet, another big market move. Last Friday, as many investors were making their peace with reallocations towards expensive safe havens, defensives, and higher quality assets, President Trump turned things on their head again by tweeting that he had decided to suspend tariffs on Mexico (announced a mere week earlier). Risk assets promptly rallied, but […]

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Super funds look to move past forgettable financial year

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A world-beating performance from Australian shares has been overshadowed by the re-emergence of geopolitical uncertainty and a wave of risk aversion in global markets, leading to softer performance for super funds in the final stretch of the financial year. According to estimates from leading superannuation research house SuperRatings, the typical balanced option return was -0.7% […]

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Weekly market update – week ending 14 June 2019

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Investment markets and key developments over the past week Share markets, rose over the past week with the combination of expectations for rate cuts/policy stimulus and the tariffs being avoided on Mexico offsetting ongoing uncertainty about the US/China trade war and geopolitical tensions in the Middle East and Hong Kong. Australian shares made it to […]

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Response to APRA directions and conditions on AMP Super licensees

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AMP notes this morning’s announcement by the Australian Prudential Regulation Authority (APRA) regarding the imposing of directions and additional conditions on the Registrable Superannuation Entity (RSE) licences of our superannuation trustees: AMP Superannuation Limited and NM Superannuation Proprietary Limited. AMP will fully implement the directions and additional conditions. We have been working constructively with APRA […]

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AFA and FPA team up to form Life Insurance Task Force

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The Association of Financial Advisers (AFA) and the Financial Planning Association of Australia (FPA) have teamed up to form a Life Insurance Task Force, two years out from ASIC’s review of the Life Insurance Framework (LIF). AFA CEO, Philip Kewin, said the task force has been set up in order to have a combined association approach to the future […]

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Super changes: What you need to know

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Changes to insurance in super accounts come into force on 1 July. How does this affect you? Get ready, there are changes coming to superannuation on 1 July that’s likely to affect three million Aussies – are you one of them? The chances are you will be, if either your employer or you haven’t contributed […]

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Lonsec supports managed account growth with key business development hire

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Lonsec is pleased to announce that Tony Nejasmic will be joining the team as Head of Wealth Management Sales. Due to the rapid expansion of our managed accounts business, coupled with the ongoing growth of our iRate® research platform, Lonsec is expanding its business development function and is excited about having someone with Tony’s credentials […]

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