The “Great September Rotation” puts financiers on the defensive
[ad_1] Global sentiment improved for the first time since June, the latest data from Bank of America (BofA) showed. BofA’s September Fund Managers Survey (FMS) revealed that the broadest measure of fund manager sentiment — based on cash levels, capital…
Survival of the fittest: Rising fees and outflows force asset managers to adapt or exit
[ad_1] Pressure on fees, net outflows and the rise of ETFs, along with superannuation funds internalizing investment management, is driving the number of Australian asset managers down. A number of funds have confirmed they are closing shop in recent months,…
Who’s Catching the Thematic ETF Wave in 2024?
[ad_1] Thematic exchange-traded funds (ETFs) in Australia have seen flows of around $600 million in 2024, with more than 40 products now available for local investors to choose from. Global X investment strategist Mark Jocum noted that this year’s recovery…
The US election sets the stage for lower-case optimism
[ad_1] Historically, small-cap stocks have outperformed larger ones after presidential elections, and with November’s results providing more certainty for investors, professionals believe a turning point for smaller companies could be on the horizon in 2025 Mr. Looking at trends in…
Economist says rate hike looms as RBA navigates complex economic maze
[ad_1] While the Reserve Bank (RBA) is due to announce its latest interest rate decision today, economists agree that holding interest rates is a near-certain outcome, with the central bank expected to maintain its hawkish tone in response to the…
E&P Financial proposes ASX delisting amid market challenges
[ad_1] The proposal is expected to be submitted for shareholder approval at an extraordinary general meeting on October 24, 2024. and requires 75 percent of the vote to support delisting. An ASX statement said: “The EP1 board concluded that the…
Australian companies are hoarding cash, sparking fears about paying out shareholders
[ad_1] New analysis has shown a “worrying trend” in the 2023-24 financial year as Australian companies take a more conservative approach to shareholder payouts, Martin Currie has highlighted. According to the asset manager, the market’s average payout ratio has fallen…
Macquarie Bank has been hit with a record $5 million fine for a market watchdog oversight
[ad_1] Following an investigation by the Australian Securities and Investments Commission (ASIC), the Markets Disciplinary Commission (MDP) fined Macquarie Bank a record $4.995 million for failing to prevent suspicious orders being placed in the electricity futures market. In a statement…
Vanguard apologizes, says investors won’t pay $12.9 million bill for misleading ESG claims
[ad_1] In a statement on Wednesday, Vanguard Investments Australia said it accepted the Federal Court’s ruling on false claims relating to exclusion screens applied to securities in its Ethically Conscious Global Aggregate Bond Index Fund and ETF. “Vanguard apologizes to…
Australian Ethical completes acquisition of fixed income manager
[ad_1] Australian Ethical Investment announced that the acquisition of Altius Asset Management by Australian Unity had successfully completed on Wednesday. In May, the firm first entered into a binding agreement to acquire Altius, noting that the deal would increase funds…