Weekly market update – week ending 7 June, 2019

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Investment markets and key developments over the past week Share markets, except for China’s, rose over the last week on increasing prospects for Fed rate hikes in response to the negative impact of trade wars. The Australian share market also saw a modest boost from the RBA cutting rates. The prospect of more rate cuts […]

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2019 AFA Conference: United

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Where others see challenges, the Association of Financial Advisers (AFA) sees opportunities. That is the thinking behind the AFA’s 2019 Conference (the Conference) in Adelaide this August. “The theme for this year’s conference is united,” says AFA CEO Philip Kewin. “It is built on the premise that when members of the financial advice community come […]

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Natixis Investment Managers continues to strengthen its alternative and real asset capabilities with the launch of Vauban Infrastructure Partners

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Natixis Investment Managers announces today its plan to launch Vauban Infrastructure Partners[1], a new affiliate dedicated to infrastructure equity investing. Vauban Infrastructure Partners will be established by transferring the current infrastructure team of Mirova[2] into a new specialized affiliate. The team has been at the forefront of innovation in infrastructure investing since the 2012 inception […]

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Wealth o2 launches new tax accounting service

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WealthO2 has launched an unbundled tax accounting service through a partnership with Class Limited, to complement its investment platform and financial planning services solution suite. WealthO2 is a low cost, unconflicted, adviser platform alternative established in 2015. Shannon Bernasconi, managing director of WealthO2, says the new service was developed in response to advisers’ need to optimise their […]

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Life insurance risk for SMSF members in APRA funds

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Some self-managed super funds (SMSFs) are at risk of losing their life insurance cover under new legislation that takes effect on 1 July 2019, warns the SMSF Association. The legislation, enacted in February this year, states that members of APRA-regulated funds with “inactive” superannuation accounts for 16 consecutive months will lose their life insurance cover […]

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How lenders and brokers should assess credit card costs now

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New responsible lending rules have changed the way brokers and lenders should now calculate credit card costs in all lending applications . In the first part of this series, we explained what the new responsible lending rules for credit cards are. These new rules also affect how you should calculate credit card costs in all other loan […]

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Liquidnet acquires fintech company specialised in analytics from unstructured data

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Liquidnet, the global institutional investment network, continues its expansion of its artificial intelligence (AI) investment analytics platform with the acquisition of Prattle, a leading provider of automated investment research solutions for portfolio managers, research analysts, and other financial professionals. Prattle developed a proprietary Natural Language Processing (NLP) and Machine Learning (ML) system to produce analytics […]

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The answer to building certainty is not more cash reserves

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Falling cash rates at historic lows means retirees face increased risk and an uncertain future, especially if they outlive their savings. Today’s RBA rate cut is a seminal moment for SMSF trustees as investors consider taking on more low yielding cash reserves. Walking a tightrope means balancing low yielding cash on one hand with risks […]

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Impact bonds falling short of min standards

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The market for impact bonds is increasingly diverse but many of the instruments coming to market fall short of the minimum standards for sustainability set by Insight Investment, a leading global asset and risk manager. So far in 2019, Insight has marked 10 green bonds as red on its proprietary rating scheme, up from just […]

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Sleeping securities – better than cash in a crisis

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Retirees should ensure they have a well-designed market crash protection strategy in their portfolios to help reduce the impact of inevitable downturns, particularly in the current low interest rate environment, says Alastair MacLeod, managing director at Wheelhouse Partners. Mr MacLeod believes the portfolios of many retirees are not adequately constructed to withstand the likelihood of […]

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