Insights

Insights

BlackRock to acquire NZ solar energy company

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

The world’s largest asset manager is set to pick up New Zealand-based solar energy services company, solarZero. BlackRock Real Assets has announced that it has agreed to acquire solarZero, marking its first investment in New Zealand and its first residential solar investment in the Asia-Pacific region. The acquisition will see BlackRock Real Assets spend more than NZ$100 million over the next three years to accelerate the growth of solarZero’s solar and battery technology platform.

The solar energy services company was established in 2008 and has become a leading provider in New Zealand’s solar and smart battery sector, with plans to expand into Australia as well as Japan, South Korea, Taiwan, Singapore and other Asia-Pacific markets. “Our move into New Zealand demonstrates BlackRock’s commitment to invest in attractive markets as part of our broader efforts to offer a flow of addressable global climate investment opportunities for our clients,” said BlackRock Asia-Pacific’s co-head of climate infrastructure, Charlie Reid. “SolarZero is a global pioneer, and we look forward to supporting its expansion into other Asia-Pacific markets and, at the same time, to accelerating New Zealand’s net zero journey.”

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

Inflation expectations differ between women and men, data reveals

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

The European Central Bank (ECB) has identified some key differences between inflation expectations of men and women. A new ECB blog, drafted by the bank’s top economists and researchers, has suggested that globally, women tend to have higher inflation expectations than men. The piece, based on a consumer expectations survey released in July, noted a 1 per cent gap between inflation expectations of men and women.

In trying to explain this stark gender gap, the ECB noted that while “as humans we absorb news the same way regardless of gender”, our inflation perception often starts with personal experience in everyday life situations. “As consumers, we observe and focus on prices we encounter in our daily routines. We extrapolate these to broader inflation perceptions and eventually shape our expectations for future inflation,” the ECB’s principal economist, Virginia Di Nino; research analyst, Aleksandra Kolndrekaj; and senior lead economist, Aidan Meyler, said.

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

ETF Securities announces rebrand

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

InvestorDaily

After being acquired by Mirae Asset and its subsidiary Global X earlier this year, ETF Securities Australia has announced that it has now rebranded to Global X ETFs. The listed products offered by ETF Securities will be renamed as part of the rebrand; however, Mirae Asset and Global X said this will have no material impact on the structure of the funds. According to the two firms, the international recognition of Global X, which has a network of over one million clients across 95 countries, was at the heart of the decision to rebrand.

“Australia is a focus market for Mirae Asset and I’m delighted to see the business scale in the region,” said Mirae Asset Financial Group founder and global investment strategy officer, Park Hyeon-joo. “Mirae Asset is extremely committed to its industry-leading ETF businesses and I’m proud to welcome ETF Securities to the Global X brand as it perfectly aligns with our dedication to the sector and to our investors.” The acquisition of ETF Securities was announced in June and was said to have provided Mirae Asset and Global X with the opportunity to add instant scale to the Australian market.

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

Healthy long-term returns not possible without healthy climate, says IFM

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

InvestorDaily

The government is unlikely to compel super funds to invest in specific asset classes or projects, IFM Investors’ chief executive said. While the national debate has turned to superannuation, with the Treasurer explicitly stating that funds need to do more to address major challenges facing the country, IFM Investors’ CEO, David Neal, said he is confident the government won’t meddle in how funds invest their money. The Treasurer’s words, given in August as part of a wider announcement of impending super reforms, led to a commentary about the role of super funds in pursuing so-called “national interest” projects and what that would mean to returns.

But, addressing the National Conference of the Governance Institute of Australia on Tuesday, Mr Neal said “it is simply nonsense to think that major industry superannuation funds or IFM would make an investment that was not in the best financial interests of members”. “We all have fiduciary obligations to investors,” Mr Neal said, adding that “funds are simply not going to make investments that don’t make sense financially”. However, IFM Investors does agree with the Treasurer on one thing — the need for superannuation funds to up their involvement in the energy transition.

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

Global growth continues to slow as path to much lower inflation becomes visible

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

The Federal Reserve’s (Fed) resolve to maintain the downward trajectory of the US inflation was reiterated at the Jackson Hole symposium. Fed Chair Jerome Powell stole the headlines announcing that “pain” was likely going to be experienced in this process. Otherwise, though, his speech broke no new ground.

The constantly reiterated refrain from all Fed governors continues to be that inflation is unacceptably high. The more interesting message is that policymakers want to maintain policy rates in a restrictive stance for an extended period of time, allowing inflation to come down gradually. As monetary policy acts with a lag, the effect of the rate hikes, and higher Treasury and market yields are already going to have a further tightening effect.

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

Crypto and climate-related financial risks force change in prudential architecture

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

Australian Prudential Regulation Authority (APRA) has embarked on a multi-year program to modernise the regulatory framework, with the aim to make it “clearer, simpler and more adaptable”.  In an information paper published on Monday, the regulator said the program, which commenced last year, is intended to ensure the framework continues to underpin financial safety and stability in a rapidly changing economic and technological environment. This, it noted, will be achieved through a series of initiatives involving better regulation and incremental changes in the design of the framework, the use of digital technology, and a strategic approach to new rules for new risks.

“Since APRA’s creation in 1998, the prudential framework has expanded and evolved in response to new risks, changes in legislation and developments in the external environment,” said APRA chair, Wayne Byres. “With 140 prudential standards and prudential practice guides now covering the five APRA-regulated industries — as well as letters, information papers and FAQs — the framework has become more complex, and in turn more challenging for entities to follow. “We need to ensure the framework is clear, simple and adaptable, to continue to be effective in setting minimum standards for banks, insurers and superannuation funds as technology, business models and community expectations change,” he explained.

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

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