Why gold is a place in portfolios for improved risk-adjusted returns
[ad_1] Gold’s historically low correlation with stocks and bonds makes it a prime hedge against market risks, recommended for a strategic portfolio allocation of 2 to 5 percent, a market strategist said. Speaking on an upcoming episode of the Relative…
New digital banks face ‘significant risks’
[ad_1] In a research report published this week, Morningstar analyst Nathan Zaya said the neobanks were unlikely to cause disruption in Australia’s banking industry, which remains dominated by CBA, Westpac, NAB and ANZ. “Volt, 86,400, Up, Xinja and Judo are…
Australian investment among top ETF adopters, SSGA reports
[ad_1] Domestic institutional investors are the second most likely globally, at 78 percent, to include ETFs in their firm’s portfolio “extensively” or “often,” according to new data from State Street Global Advisors (SSGA). Australia trails only Japan (82 percent) but…
ACCC names first participants in open banking
[ad_1] The Australian Competition and Consumer Commission (ACCC) will test entrants for the information sharing system under the recently passed consumer data rights legislation after selecting 10 applicants from 40 applicants. The open banking regime officially debuted in July, when…
Macquarie says earnings remain “in line with expectations” in 1Q25
[ad_1] Ahead of its 2024 annual general meeting held in Sydney, Macquarie Group managing director and CEO Shemara Wickramanayake said the bank’s operating group performance was in line with expectations in 1Q25. In its annuity-style businesses, Macquarie Asset Management (MAM)…
Cashwerkz announces strategic partnership
[ad_1] Cashwerkz chief executive John Nantes said AMAL Trustees Fund clients will benefit from a greater choice of cash and term deposit investments available to them through the platform. “Cashwerkz is pleased to welcome AMAL trustees to our platform. This…
Australia’s sustainable funds market failed to recover in Q2
[ad_1] The size of Australia’s sustainable funds market shrank to roughly $30 billion as of June 30, down $300 million from the end of March, according to new data from Morningstar. In the second quarter of 2024 Australia and New…
Cybercrime creates fear and profits
[ad_1] The RBA’s latest financial stability review identified cyber attacks as one of the main non-financial risks to the Australian economy, citing the widespread use of outdated IT systems at Australian banks as one of the vulnerabilities hackers could exploit….
Australia’s economy is staring down the road: Deloitte
[ad_1] In your latest Business Outlook ReportDeloitte Access Economics partner and lead author of the report Stephen Smith emphasized that key dates are approaching. Inflation data for the June quarter is expected in late July, and economic growth for the…
Neobanks don’t need to disrupt the big banks to have power
[ad_1] “Challenger banks should not become a ‘fifth pillar’ to serve the Australian community,” Ms Waterford said. “Their existence alone could force incumbents to up their game.” The speech comes after APRA granted neobank Xinja an authorized deposit-taking institution (ADI)…