Seismic is expanding its presence in Australia with key hires
[ad_1] The company is strengthening its Asia Pacific (APAC) operations with the appointments of senior sales, marketing and technical roles based in Australia. The company is poised to accelerate its growth in the Asia Pacific region after acquiring local corporate…
RBA not convinced by Facebook cryptocurrency
[ad_1] Libra is a “stablecoin” designed by the Libra Association, which includes Facebook subsidiary Calibra, Uber and Spotify. Stablecoins differ from other cryptocurrencies in that they are backed by a reserve of assets; in this case, a basket of bank…
Signs of revenue recovery now clearer in AMP: Morningstar
[ad_1] Savings on variable costs, improvements in the performance of its advice business and a rise in underlying net profit after tax are among the pleasant surprises emerging in AMP’s latest results, supporting claims of a potential turnaround at the…
RBA weighs in on crypto initiative
[ad_1] While the RBA believes the case for issuing central bank digital currency (CBDC) for household use has not been established, it has considered the option of issuing CBDC to wholesale market participants in specialized payment and settlement systems. The…
How do strategists distinguish geopolitical “noise” from reality?
[ad_1] The reaching impact of geopolitical tensions – ranging from economic sanctions, trade disruptions or armed conflicts – can be compared to a game of Whac-A-Mole, according to Liberium investment strategist Joachim Clement. For domestic investors, this means a constant…
Gold eyes ‘powerful’ cross-currents in August
[ad_1] Gold “staged a strong comeback” after June’s slide to hit a record high of $2,480 an ounce in mid-July, but that streak could be hampered by a number of “powerful cross-currents” playing out in August, according to the World…
Direct-to-consumer investing ‘ripe for disruption’: Investment trends
[ad_1] The Digital Wealth Report by Investment Trends surveyed more than 100 digital wealth apps and services launched by fintech startups and established wealth institutions. The study concludes that the banking relationship is being redefined as fintech companies and banks…
‘Pretty grim’: Fund manager says active ETFs are struggling to gain ground
[ad_1] As exchange-traded funds (ETFs) gain momentum among Australian investors, VanEck Australia has outlined different perspectives for active and passive funds. Australia’s ETF market hit record highs at the end of June, surpassing $200 billion in assets under management, and…
Digital banks set disruption agenda
[ad_1] A survey of leading industry figures by GlobalData’s Retail Banker found that digital banks are playing a big role in the predictions for next year. “As retail bank branches continue to close, Amazon, Apple, Uber Money and others have…
Net inflows in July reinforce ETF AUM hot streak
[ad_1] AUM for the Australian exchange-traded fund (ETF) industry now stands at $215.6 billion – a new all-time high, new data from Betashares has revealed. According to Betashares’ latest Australian ETF review, the industry grew 5 percent in July, with…