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05 April 2023 • By Jon Bragg • 1 min read

Magellan discloses almost $4bn in net outflows

The fund manager has released its monthly FUM update. Magellan Financial Group has disclosed that it experienced $3.9 billion in net outflows ...

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ANZ partners with GCV to trade tokenised ACCUs

Big four bank ANZ has partnered with Grollo Carbon Ventures (GCV) to trade Australian Carbon Credit Units (ACCUs). The partnership is ANZ’s first ...

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UBS eyes return to wealth management in Australia

The global financial services giant is reportedly set to re-establish its presence in the Australian wealth management space. UBS has hinted at a ...

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Franklin Templeton fills newly created sustainability stewardship role

A new senior hire expands the firm’s global stewardship and sustainability team. James Andrus has been named Franklin Templeton’s vice-president of ...

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RBA hiking cycle could be over: CBA, HSBC

The central bank remains open to further increases to the cash rate but some economists have claimed its decision to pause rates in April has ...

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ACCC casts doubt over ANZ, Suncorp merger

The competition watchdog has flagged preliminary concerns regarding ANZ’s proposed acquisition of Suncorp Bank. The Australian Competition and ...

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Asset manager warns a US recession is the ‘most likely economic outcome’

American Century says the recent banking crisis may accelerate the path to a recession. Investors have been encouraged to focus on quality in the ...

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RBA announces anticipated rate decision

The central bank has halted its monetary policy hiking cycle amid mounting evidence of a slowing economy.  The Reserve Bank of Australia’s (RBA) ...

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Government outlines changes to YFYS performance test

The government is planning to make changes to the Your Future, Your Super performance test based on the findings of a Treasury review. Labor has ...

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Officers of $17m investment scheme found in breach of duties

The Federal Court found that four officers of an investment scheme that raised $17 million had breached their duties. The Federal Court has found ...

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