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Investors Shifting Away From Hedge Funds

Posted by Anton Murray Consulting on . Posted in Funds Management News, News

InvestorDaily

More investors are looking to decrease their allocation to hedge funds, with the appetite for non-traditional alternative asset classes starting to grow, according to EY. According to results from the EY 2017 Global Hedge Fund and Investor Survey, investors have demonstrated unwillingness to increase their target allocation in hedge funds. Only 11 per cent of investors said they planned to increase allocations to hedge funds in the next three years, compared with 18 per cent last year.

A majority of the remaining respondents (74 per cent) answered they would keep their allocations flat, with the other 15 per cent planning to decrease their allocation, up slightly since last year (13 per cent). These results were further evidence of an ongoing “trend that has played out for several years”, according to the report. “This trend is particularly pronounced among North American investors, of which 25 per cent reported expectations of future reductions,” the report said.

The rest of this article can be found at investordaily.com.au.

JP Morgan ANZ chair joins Future Fund board

Posted by Anton Murray Consulting on . Posted in Funds Management News, News

InvestorDaily

The chairman of JP Morgan Australia and New Zealand has replaced Steven Harker as a member on the Future Fund board of guardians. Robert Priestley has been appointed to the fund’s ‘board of guardians’ for a five-year term beginning 7 November, according to a statement by Treasury. Mr Priestley has had three decades’ worth of experience in the financial services industry across areas of investment banking, financial markets, commercial banking, investor services, treasury services and asset management.

Currently chairman of JP Morgan Australia and New Zealand, he had previously served as chief executive of the firm for 15 years. He is also a non-executive director at ASX Limited. “Mr Priestley brings considerable financial acumen and business expertise to complement the board’s existing skills,” the statement said.

The rest of this article can be found at investordaily.com.au.

Super funds double social media engagement

Posted by Anton Murray Consulting on . Posted in Funds Management News, News

InvestorDaily

The use of social media as an engagement and education tool for superannuation fund members has nearly doubled in the past two years, according to Willis Towers Watson. According to survey results in a bi-yearly research report compiled by Willis Towers Watson, social media has become one of the top ways in which super funds are choosing to engage with their members. While websites, calculators and emails all scored over 90 per cent as top online engagement and education tools in 2015, new digital channels such as the use of multimedia/video and social media platforms have gained increasing adoption in 2017.

Social media nearly doubled in usage as an engagement tool, jumping from 47 per cent in 2015 to 88 per cent, while the use of multimedia/video soared 23 per cent. Commenting on the results, Willis Towers Watson Australasia and Asia head of digital solutions Richard Body said “strong growth in funds’ use of social media, games and quizzes and webinars” was “one of the most interesting results” to emerge from the research. “Super funds are following their members’ lead in terms of the types of channels that are trending,” Mr Body said.

The rest of this article can be found at investordaily.com.au.

ETP market headed for record high

Posted by Anton Murray Consulting on . Posted in Funds Management News, News

InvestorDaily

The 2017 calendar year is set to end with exchange-traded products (ETPs) at a record-high of $35 billion, according to VanEck. In a statement, VanEck said the “steep growth” of the ETF sector was supporting inflows into the ETP market, with ETP assets reaching $33.22 billion in October 2017, up from $23.95 billion in the same month of the previous year. Year-to-date flows to 30 October 2017 reached $6.087 billion, just shy of the record $6.091 billion reached in 2015.

“Investors are using ETPs to access markets offshore and broaden their portfolios, as well as take advantage of smart beta ETFs, which offer targeted investment outcomes and wealth-building strategies,” said VanEck Australia managing director Arian Neiron. “Based on this sharp trajectory of growth, we expect the ETP industry will grow to between $70 billion-$80 billion dollar within five years.” VanEck noted that ETFs comprise the majority of Australia’s ETP market.

The rest of this article can be found at investordaily.com.au.

Investors Prefer Responsible Funds

Posted by Anton Murray Consulting on . Posted in Funds Management News, News

InvestorDaily

A majority of Australians would prefer to invest in a responsible super fund than a product that only considers maximising financial returns, according to a new survey. Findings from a research report commissioned by the Responsible Investment Association Australia (RIAA) have revealed that Australians prefer super funds that consider responsible investments. Sixty-nine per cent of over a thousand survey participants across Australia said they would rather invest in a super fund that considered environmental, social and governance (ESG) issues as well as maximising financial returns.

This is up 15 percentage points compared with 54 per cent four years ago, indicating more Australians felt more inclined to invest responsibly, with only 31 per cent of people answering they would rather invest in a super fund that only considered maximising financial returns. Commenting on the results, RIAA chief executive Simon O’Connor said, “Consumer sentiment mirrors the continuing growth in the sector, with responsible investment more than quadrupling over the past three years and nearly half of Australia’s assets under management now being invested through responsible investments. “As more Australians show a desire for their investments and savings to align with their values, those already investing their money responsibly are enjoying strong financial performance.”

The rest of this article can be found at investordaily.com.au.