August 30, 2020

ASX shares update; AUD hits a 12 month high

ASX 200 down 0.9%, Federal Reserve boosts US markets, AUD hits a 12 month high The ASX 200 (ASX:XJO) finished 0.9% lower on Friday and down 0.6% for the week; the second straight week of losses. Selling was broad-based but

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Steven Semczyszyn, Zehrid Osmani and Kimon Kouryialas

HESTA appoints Martin Currie for new partnership

Martin Currie Investment Management has formed a partnership for international equities with HESTA, the $52 billion health and related industries super fund. The partnership is to oversee and deliver on a long-term horizon, which is becoming an increasing trend with

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Murray Brewer calls it a day… for now

Murray Brewer finally departed T. Rowe Price last Friday (August 28), having established the global manager’s presence in Australia 14 years ago. His resignation period was a long one – first announced late last year. But now comes the good

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Capital throws a curve ball at portfolio construction

Capital Group has an interesting suggestion: why not turn the standard portfolio construction view for investors on its head? Why not reverse the traditional beta-heavy core and alpha-seeking satellites of the portfolios of most big super funds? The global manager

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Mark Delaney

Funds and WIS flex their muscles over indigenous rights

Rio Tinto, a global resources company which has both an Australian lineage and an Australian supply base, has started a war, perhaps unintentionally, with big super funds and a large proportion of the broader community following the company’s destruction of

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Business news readership soars under lockdown

A report by media research group the Nielsen Company following Australia-specific data collection shows there has been a significant spike in readership of business and finance news and commentary online, and also share-trading access to online investor tools, since the

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Margo gets the band back together at SuperFriend

Commonwealth Superannuation Corp, the Federal Government’s $50 billion fund which accounts for 11 sub-funds and a total of 730,000 members, has become a ‘partner’ with the industry’s major mental health body, SuperFriend. There is no better time than now for

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Harvey Kalman

Kalman ups the ante in offshore distribution

Harvey Kalman, the long-time head of sales and business at Equity Trustees, has taken back all international responsibilities to cater for fund managers and other institutions looking for Australian trustee and admin services, as well as for Australian firms looking

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J.P. Morgan increases lead in custody share

Even though almost all asset services firms suffered declines in their assets under custody in Australia in the six months to June, J.P. Morgan managed to strengthen its position relative to the rest of the pack. It will increase this

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