Leading Legg Mason Fixed Income Funds added to Colonial First State FirstWrap Platform

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Two market-leading Legg Mason Fixed Income Funds, the Legg Mason Brandywine Global Opportunistic Fixed Income Fund and the Legg Mason Western Asset Australian Bond Fund are now available to financial advisers via the Colonial First State FirstWrap platform. The Legg Mason Brandywine Global Opportunistic Fixed Income Fund currently manages over A$635 million for Australian investors and offers […]

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SMSF licensed advice needs in-depth review

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The independent Review into the effectiveness of the Tax Practitioners Board (TPB) provides an opportunity to identify some of the impediments in the regulatory advice system that prevents SMSF trustees from getting basic SMSF advice. SMSF Association CEO John Maroney says: “However, we believe that to get the right regulatory structure for SMSFs is probably a […]

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Neuberger Berman announced as finalist for PRI Awards for Climate Change ESG initiative

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Global investment manager Neuberger Berman has been shortlisted for ESG incorporation initiative of the year at the upcoming PRI awards for systematically analysing the potential investment implications of climate change across portfolios. The firm was also awarded top scores across all categories in the latest United Nations-backed Principles for Responsible Investment (PRI) assessment report which […]

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Bigger’s been better

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It’s never been better to be a giant company in the U.S., but will it stay that way? Executive summary The largest companies in the U.S. have seen marked improvement in their profitability on a number of measures over the last 30 or so years, while smaller companies have seen very little change. The improvement […]

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Property listings increase in August 2019

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Figures released by SQM Research reveal national residential property listings increased in August by 2.9%, to 325,693 from 316,391 in July 2019. Compared to 12 months ago, listings were down by 2.1%. All states experienced an increase in property sales listings over the month, with Melbourne experiencing the highest increase at 6.7% followed by Sydney […]

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Reserve Bank: Assessing the evidence

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Reserve Bank Board meeting The Reserve Bank has left the cash rate at a record low of 1.00 per cent. The Reserve Bank previously cut rates in both June and July, each time by 25 basis points or a quarter of a per cent. What has changed since the last meeting? The G7 Summit and […]

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Finding an edge in global markets

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Ausbil Investment Management (Ausbil) is bringing together select global investment funds that offer investors an edge in global equity markets. “Clients are looking for opportunities to diversify their portfolios, globally,” said Ross Youngman, CEO of Ausbil. “We are well positioned to do this from Australia given our relationship with New York Life and affiliates MacKay […]

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Legg Mason Western Asset Australian Bond Fund crosses one billion dollars in funds under management

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The Legg Mason Western Asset Australian Bond Fund has passed A$1 billion in funds under management, cementing its position as one of the leading Active Australian bond funds in the market. This actively managed Fund is designed to outperform the Bloomberg AusBond Composite 0+ Year Index and is ranked top quartile in its peer group* over 3, […]

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Powerwrap exceeding forecasts and showing steady growth

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Wealth platform Powerwrap Limited (ASX: PWL) last week announced its first full year results (unaudited) since listing. The company reported a strong platform revenue result of $16.3 million for the year, compared with $15.4 million forecast in the prospectus and 9% higher than the 2018 result of $14.1 million. Underlying EBITDA (excluding Share Based Payments) […]

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Government strikes right balance with timing of reforms

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The Federal Government has struck the right balance between improving financial advice standards and giving the industry the necessary time to adjust, says SMSF Association CEO John Maroney. “The Government’s announcement that it will continue implementing reforms to build trust in financial advice as a true profession is welcomed. “But allowing the industry an extra […]

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