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04 July 2024 • By Jessica Penny • 1 min read

Magellan’s swaying fortunes dampen FUM recovery in June

Magellan Financial Group has reported a drop in funds under management (FUM) as the firm’s flows continue to fluctuate. In an ASX statement, ...

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Australian Ethical Super appoints responsible investing veteran to board

A sustainable finance specialist is poised to add credence to the fund’s ethical investment approach. Australian Ethical Superannuation (AES) has ...

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Mega fund cautions against ‘false positives’ in analysis of geopolitics

Some of Australia’s largest funds suggest that preparing for, rather than predicting, geopolitical events could be a more prudent approach in the new ...

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AusSuper repositions portfolio midway to deliver ‘solid’ FY23–24 result

Shifting away from a defensive position in the second half of the year helped the fund make the most of share market gains, according to its CIO

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Can gold maintain its momentum in the second half of 2024?

Strong central bank and consumer demand alongside robust Asian investment flows have helped drive gold’s 12 per cent growth year to date, but moving ...

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Corporate regulator intensifies spotlight on private markets

ASIC said it is expanding its focus to respond to changes in the structure of capital markets. Just over a month since ASIC commissioner Simone ...

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Aviva to exit Aussie market, closes multi-strategy fund

The investment manager has decided to close its offices in Australia and exit the local retail market. Explaining this decision, a spokesperson ...

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Senate committee recommends splitting ASIC

The Senate economics references committee has recommended separating ASIC into two bodies to provide a “more coherent and consistent approach”

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Tech bets paid off for funds in FY23–24: SuperRatings

The median balanced option stands to return high single digits as forecast, with funds holding tech exposures likely to see strong results

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Baker departs Bendigo and Adelaide Bank after veteran stint, successor named

Marnie Baker is stepping down as chief executive and managing director of Bendigo and Adelaide Bank. After six years at its helm, Baker has ...

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