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26 June 2023 • By Jessica Penny • 1 min read

3 flagship BetaShares funds pass $3bn FUM milestone

Several of BetaShares’ flagship funds have surpassed $3 billion in FUM. BetaShares has announced that three of its flagship funds — the Australia ...

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Cath Bowtell to replace Greg Combet as IFM Investors chair

The firm has undergone a board reshuffle with Cath Bowtell stepping up as the new chair from 1 July. IFM Investors has announced that Ms Bowtell is ...

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ASIC chair denies obstruction allegations, rejects interim report findings

ASIC has “unequivocally” rejected any assertion of an intent to obfuscate or obstruct the parliamentary investigations into its oversight of the ...

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Financial services industry laments APRA’s cost burden

Less than a third of APRA-regulated entities are satisfied with the prudential regulator’s management of compliance burdens. The Australian ...

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Regulator says insurers withholding $815m in promised savings

The corporate regulator has slammed insurers for their inaction despite the latter being aware of pricing risks. ASIC raised this concern in a ...

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Economist urges RBA to hold rates amid heightened recession risk

An economist has suggested the RBA should leave rates on hold for “several months” given the heightened risk of recession. According to AMP’s Shane ...

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Aware Super delivers high growth investment suite

The fund’s investment offerings have been redesigned as part of its newfound scale following its consolidation with VicSuper. Aware Super has ...

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Cbus Super acting CIO assumes permanent role 

Brett Chatfield has been named CIO after more than a decade with the fund. Cbus Super has announced the appointment of Mr Chatfield as chief ...

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Winners of the Fund Manager of the Year Awards revealed

There were more than 20 individual and group winners at the Fund Manager of the Year Awards 2023, hosted by InvestorDaily’s sister brand, Money ...

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Cash rate ‘still too low’: Deutsche Bank

The Reserve Bank has “more work to do”, with current monetary policy settings still well below previous comparative periods, according to Deutsche ...

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