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ETF market FUM hits $30.9bn ‘record high’

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

InvestorDaily

Funds under management in the Australian exchange-traded funds market hit a “fresh record high” of $30.9 billion in the month ending 31 August, according to a monthly review by BetaShares. The month of August saw a 2.2 per cent growth ($842.2 million) in funds under management (FUM) in the ETF industry, bringing the total FUM to $30.9 billion by month’s end. Net new money was the largest driver of growth, contributing 75 per cent ($644.1 million), though asset appreciation also boosted growth.

Earmarked by BetaShares as a surprising receiver of high inflows was global equities at $346.8 million, “despite the rest of the year having seen strong inflows into Australian equities”, a BetaShares spokesperson said. Commenting on the growth, BetaShares managing director Alex Vynokur said, “Pushing past the $30 billion assets under management milestone is a good landmark for the industry – it’s great to see that investors are seeing the value that ETFs deliver.” The top five performing funds for the month were gold mining ETFs and resources ETFs, according to the review.

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

Sugar the next target for responsible funds

Posted by Anton Murray Consulting on . Posted in Funds Management MC, Funds Management News, Investment Banking MC, Investment Banking News, Market Commentary, News

InvestorDaily

Speaking in Sydney, Martin Currie Australia portfolio manager Will Baylis said while sugar was not being negatively screened in their income strategies at present, it could escalate as an issue in years to come. “I would suspect, down the track, that sugar may well become quite topical,” Mr Baylis said. In March 2017 AMP Capital released a report that found sugar was emerging as an investment risk for the global food and beverage industry.

“UNPRI (the United Nations Principles for Responsible Investment) are starting to raise the issue of sugar. So that is something that we would have to consider down the track, but we don’t today,” Mr Baylis said. Extending further, Mr Baylis said junk food could similarly become negatively screened, but that it was harder to screen for junk food than it was for sugar. “To my mind it may well be someone who manufactures and distributes junk food, but how do you define junk food?” he asked. According to Mr Baylis, sugar was more easily defined.

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

Australian pension funds grow FUM by 9%

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

InvestorDaily

Asset consultant Willis Towers Watson has released its annual Global Pensions Assets Study, which found that the value of the top 300 global pension funds increased by 6.1 per cent in 2016. The increase comes off the back of a 3.4 per cent decline in the 2015 calendar year, with cumulative growth in assets since 2011 standing at 23.4 per cent. Sixteen Australian pension funds made the ‘top 300’ list, led by the Future Fund at position 32 with US$92 billion in funds under management (FUM).

The top Australian funds saw their total FUM increase by 6.1 per cent throughout 2016 to reach a total of US$15.7 trillion. Of the 16 Australian pension funds on the list, 12 improved their ranking compared with 2015. The most improved funds by ranking were Hostplus (up 27 places), REST (up 14 places) and Sunsuper and Hesta (both up 13 places). Telstra Super was the only corporate fund to make the list, landing at position 300.

This article can be found at investordaily.com.au.

Challenger expands AMP distribution deal

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

InvestorDaily

All of Challenger’s annuity products are now available to advised AMP clients via AMP North, MyNorth, the Flexible Super platforms and SignatureSuper. The agreement between Challenger and AMP follows the initial deal in October 2016 between the two companies. Challenger’s term annuities, namely the Liquid Lifetime range and the CarePlus products, are also available via AMP.

Challenger chief executive for distribution Richard Howes said, “This is an important step in making Challenger annuities more easily available, as AMP has Australia’s largest network of financial advisers. “Challenger annuities provide a layer of stable and secure retirement income to ensure retirees meet their needs through their entire retirement. They support AMP’s approach to goals-based advice for Australia’s retirees.” AMP director of superannuation Vicki Doyle said, “Through our market leading products, platforms and digital channels, AMP’s aim is to help Australians achieve the quality of life in retirement they aspire to.

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

Franklin Templeton’s robo tie-up could be first of many

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

Asian Investor

Franklin Templeton Investments’ (FTI) decision to invest into Singapore-based robo services company Bambu could be the first of similar tie-ups, as asset managers seek to benefit from the huge potential of automated investing in Asia, say industry observers. On August 30 Bambu, a business-to-business (B2B) robo-advisory platform provider, announced that FTI, venture capital firm Wavemaker Partners and fintech investor Robby Hikowitz had led and completed a round of funding for it. FTI also became Bambu’s first strategic investor.

Terms of the funding were not disclosed. Bambu’s announcement is one of the first publicly-known deals between an international fund house and an Asia-based B2B robo adviser. Industry observers believe it could pave the way for similar alliances in the future.

The rest of this article can be found at asianinvestor.net.