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11 July 2023 • By Jon Bragg • 1 min read

Managed funds suffer record level of outflows

Billions of dollars flowed out of managed funds during the second quarter of the year, according to new data from Calastone. Calastone’s latest ...

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Equip Super appoints new member director to the board

Superannuation fund Equip Super has appointed a new member director to the board. Equip Super has appointed Julian Widdup to the board as a new ...

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Investors see select equity opportunities amid economic tightening

As economic conditions tighten throughout the second half of 2023, the implications of higher interest rates will start to emerge with equity ...

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Why 1 in 6 asset managers may vanish in 5 years

The asset and wealth management industry is currently facing a set of “existential challenges”, according to a report by PwC. A new global survey ...

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2 more rate hikes predicted as RBA grapples with ‘delicate balance’

Franklin Templeton has released its latest assessment of global central bank policy, including the challenges being faced by the Reserve Bank of ...

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CBA invests in global climate specialist, confirms strategic alliance 

The big four bank has joined Wollemi’s capital raising as a major strategic investor to foster collaboration in the carbon market services sector

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GQG’s FUM climbs above US$100bn

The global investment boutique recorded more than US$6 billion of net flows during the first half of the year. ASX-listed global investment ...

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Bill Evans steps down as Westpac chief economist after 30-year stint

One of Australia’s top bank economists will move on from his role early next year and will be succeeded by Luci Ellis. Westpac has announced that ...

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Australian Unity, Cromwell agree on unlisted property funds merger

Cromwell is set to take over management of the combined portfolio valued at $1.1 billion. CDPF’s responsible entity, Cromwell Funds Management ...

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Aware Super default fund returns 10.7%

Super funds’ strong financial year member returns continue, with Aware Super returning 10.7 per cent on its default MySuper Lifecycle option. Aware ...

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