A growing trend to add Real Assets to a Fund’s targeted asset mix

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Amidst an investment environment where asset class returns are forecast to be lower with greater volatility, Zenith Investment Partners has observed a greater willingness of Multi-Asset managers to incorporate non-traditional asset classes within their strategic asset allocation. In the past, this has included unlisted assets such as private equity and debt. However more recently, Managers […]

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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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Year in review – Year in preview

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Economic and financial perspectives Record expansion: Australia’s record economic expansion is now in its 29th year. Interest rates have fallen to fresh record lows; wages are growing near 2.2 per cent; underlying inflation is around 1.6 per cent; the jobless rate is 5.3 per cent. Good year for shares: Total returns on Australian shares (All […]

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ASIC updates responsible lending guidance

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ASIC has published updated guidance on the responsible lending obligations that are contained in the National Consumer Credit Protection Act 2019 (the National Credit Act). Following an extensive consultation, ASIC has updated Regulatory Guide 209 (RG 209) to provide greater clarity and support to lenders and brokers in meeting their obligations. Importantly, ASIC has maintained principles-based […]

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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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Weekly market update – week ending 6 December, 2019

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Investment markets and key developments over the past week Share markets were mixed over the last week with falls in the US and Europe on trade war fears and mixed economic data, but Japanese shares rose on fiscal stimulus plans and Chinese shares rose too. The Australian share market fell back from record highs taking […]

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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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Resimac moves to exclusively its own funding

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Resimac has announced that it will discontinue its Resimac MoniPower and Resimac Accelerate products for new business, effective from 1 January 2020. The change means the leading non-bank mortgage provider will exclusively sell loans financed by its own funding program, both under the Resimac brand distributed via its extensive broker network and white label products […]

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Frugal Aussies are making the hard choices

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Perspectives on spending Consumer trends: We are travelling less, buying fewer cars, spending more on insurance and winning the battle on high electricity and gas budgets. But we are using public transport and services like Uber more often, cutting back a bit on gambling and buying more clothes. The findings are obtained by analysing the […]

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