Funds Management MC

InvestorDaily US-based asset manager Nuveen have announced that four Australian superannuation funds had invested US$190 million into its US Cities Workplace strategy. Nuveen confirmed that the funds in question included Cbus Super, Hostplus and TWUSUPER, and a fourth unnamed fund, and that their sizeable investment would offer them access to “diversification benefits” of investing in sectors […]

InvestorDaily Asset management giant BlackRock has revised its investment strategy in the face of mounting recessionary fears and continued tumult in the US banking sector. The firm has revealed it would increase its exposure to private credit as the outlook for public credit shifts amid expectations of a looming credit crunch. “The banking tumult has […]

Investment Magazine The Federal government’s plan to double the tax rates of the earnings of Australians with superannuation accounts of over $3 million will raise key operational issues including the calculation of unit pricing, leading to increased cost to members. Under the proposal changes, future earnings above the $3 million threshold during the accumulation phase will […]

Investment Magazine Funds are being forced to consider not only their performance but also their consumer brands, social image and ESG credentials as new regulations encourage members to make more active choices about their super. KPMG’s national section leader for asset and wealth management, Linda Elkins, says the Your Future Your Super legislation does puts […]

InvestorDaily More than three-quarters of assets under management and member accounts are forecast to be managed by the 12 largest funds, once the current mergers on the horizon have played out. KPMG has made the call in its latest annual Super Insights report, which has recorded accelerated merger activity in the sector. Using ATO and […]

Investment Magazine Middle income earners are most disadvantaged by the superannuation system, Mercer’s senior partner David Knox highlighted during an interview in which he pitched the concept of a universal pension for all Australians regardless of how wealthy they are or how much they earn. In addition to making the system simpler a universal pension […]