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UBS Launches Global Gender Equality ETF

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

InvestorDaily

UBS has introduced the Global Gender Equality UCITS exchange-traded fund to its suite of investment products. The ETF is a joint collaboration between UBS Asset Management and UBS Wealth Management and invests in the Solactive Equileap Global Gender Equality 100 Leaders index, according to a UBS statement. The index is comprised of a hundred global companies with a “strong record” of gender diversity and sustainability based on 19 criteria for diversity, such as equal compensation, gender balance, work-life balance and sustainability policies.

Of the 100 companies on the index, 30 are highest rated stocks in the US, capping single issuers at 3 per cent of the ETF’s assets, the statement said. “With its broad criteria, the index provides a higher overall gender equality score than other Global Gender Equality Indexes, while providing stable risk-adjusted performance.” Commenting on the launch, UBS Asset Management head of sustainable and impact investing Michael Baldinger said that the ETF represented “another big step in sustainable and impact investing innovation”.

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

Institutional Investors Call for Climate Action

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

InvestorDaily

Institutional investors around the world have launched a new initiative calling on the globe’s worst polluters to take action on climate change. A total of 225 institutional investors have taken aim at more than a hundred of the world’s major corporate greenhouse gas emitters in the Climate Action 100+ initiative, calling for them to “act swiftly to improve governance on climate change, curb emissions and strengthen climate-related financial disclosures”, according to a statement. The announcement was made yesterday in Paris at the One Planet Summit marking the second anniversary of the Paris Agreement, and is the first implementation of investors’ commitment as laid out in the Global Investor Statement on Climate Change, which launched in September 2014.

The list of over a hundred polluters includes, but is not limited to, companies in the oil, gas, electric power and transport sectors, the statement said. California Public Employees’ Retirement System investment director of sustainability Anne Simpson said motivating the world’s largest corporate greenhouse gas emitters to align their business plans with that of the Paris Agreement would have “considerable ripple effects”. “Our collaborative engagements with the largest emitters will spur actions across all sectors as companies work to avoid being vulnerable to climate risk and left behind,” Ms Simpson said.

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

NAB Wealth Boss to Depart

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

IFA

A senior wealth exec within the NAB network will leave the bank in December, while NAB FP general manager and former Genesys boss Tim Steele has been promoted. NAB announced today that executive general manager, wealth advice, Greg Miller will leave NAB in December as part of a raft of changes to the structure of the wealth division.

NAB Financial Planning general manager Tim Steele and general manager of advice partnerships Ross Barnwell will both take on expanded roles and report directly to the bank’s chief customer officer for consumer banking and wealth, Andrew Haggar. Mr Haggar said the changes would make the business “simpler, faster and more customer-focused”.

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

Morgan Stanley to distribute new Nikko SMA

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

InvestorDaily

Morgan Stanley Wealth Management has partnered with Nikko Asset Management to offer a separately managed account providing its advisers access to “disruptive innovation” stocks. Nikko AM affiliate Ark Invest will spearhead the new SMA, which will be made available to Morgan Stanley wealth managers and focus on a “basket of stocks that represent key disruptive innovation themes”. A statement from Nikko AM described the new product as the “first of its kind in Australia” and will be launched at a series of Morgan Stanley events across Australia this week.

Morgan Stanley Wealth Management Australia head of product Matt Nicholls said the offer could be a competitive advantage for the Wall Street firm. “Morgan Stanley has an exclusive distribution agreement with Nikko AM to access the Ark Invest SMA, which means we can offer our clients unique opportunities for investing in baskets of stocks that represent key disruptive innovation themes. Diversification in underlying exposures and key thematics is integral to our client’s success,” Mr Nicholls said.

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

Charles Schwab re-enters Australian market

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

InvestorDaily

American wealth management giant Charles Schwab Corporation has re-opened an office in Sydney after exiting the Australian market in 2000. The San Francisco-headquartered financial advice firm, custodian and brokerage has “re-established” its presence in Australia following the acquisition of Chicago-based “broker-dealer” optionsXpress. Charles Schwab Australia managing director JP Drysdale told InvestorDaily the decision to re-enter the Australian market was due to growth of SMSFs in Australia that exhibited the “clear demand for self-directed investment opportunities”.

“The acquisition and integration of the optionsXpress business presented opportunities in both the Australian and Singapore markets,” Mr Drysdale said. “The time was right to enter both, to give investors in both markets the ability to trade in US markets through a platform that’s cost effective, secure and time-tested.” Prior to 2000, Charles Schwab had an Australian presence but decided to physically exit the market due to a “range of market circumstances at that time”.

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