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... Read more continue reading

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... Read more continue reading

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... Read more continue reading

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... Read more continue reading

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... Read more continue reading

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... Read more continue reading

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... Read more continue reading

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,... Read more continue reading

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... Read more continue reading

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... Read more continue reading