Latest News

Anton Murray - Latest News

Rabobank Earns Top Spot in Global Sustainability Ranking

Posted by Anton Murray Consulting on . Posted in Market Commentary, News

Eco Business

Sustainalytics has placed Rabobank at the top of the sustainability rankings for major banks. This means the bank received the highest score for how it applies Environmental Social Governance (ESG) data in its services and approach to risk. Sustainalytics has concluded that the risk of Rabobank incurring financial damage due to environmental and social policy is negligible.

This risk is relevant to institutional investors who wish to invest in sustainable companies. Rabobank held the 62nd position in the rankings just four years ago. The bank earned a top 10 place for the next two years before going on to seize the number two position last year.

The rest of this article can be found at eco-business.com.

Australia’s First India Equities ETF to Launch

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

InvestorDaily

Aussie investors will soon have the opportunity to gain exposure to the world’s sixth-largest economy. ETF Securities has partnered with one of the biggest asset managers in India and is poised to give Australian investors unique access to the burgeoning Indian economy. The launch of ETF Securities’ latest Exchange Traded Fund (ASX code: NDIA) is just around the corner and comes as more than 900 million eligible voters head to the polls in India.

“The elections now underway in India underscore the huge numbers we are dealing with when it comes to the Indian economy, an investment opportunity we will soon be putting within easy reach of Australian investors,” said Kris Walesby, head of ETF Securities Australia. Founded by entrepreneur and philanthropist Graham Tuckwell, ETF Securities offers funds ranging across local and international share markets and sectors including robotics, biotechnology and commodities. “India has a US$2.6 trillion-dollar economy that is home to iconic companies like Tata and Infosys,” Mr Walesby said. “Its transformation to a services-led economy has driven innovation and efficiencies and the rise of a wealthier consumer.”

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

Goldman Bankrolls New SME Lender Judo Capital

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

The investment bank has provided a $100 million debt facility to Judo Capital as it prepares to take on the major banks. Credit Suisse provided $350 million in funding late last year to the business lender, which is lead by former NAB bankers Joseph Healy and David Hornery. Lawyers Ashurst advised on both facilities. The latest $100 million injection from Goldman is an important wholesale funding source for Judo as it progresses with its plans to be an authorised deposit-taking institution and expands its SME lending business.

Judo Capital has set its sights on becoming a major player in the business banking space, following in the footsteps of UK-based small business banking disruptors Aldermore and Shawbrook that have forged a unique way of helping to unleash the potential of small business customers by providing old fashioned relationship banking with modern, legacy-free technology, processes and systems. Unlike the many ‘fintech’ lenders that have hit the Australian SME lending market in recent years, Judo has a formidable team of experienced co-founders: former NAB group executive and business bank CEO Joseph Healy, fellow NAB alumni David Hornery, Kate Keenan, Tim Alexander, Malcolm Hiscock, Jacqui Colwell and ex-UBank CEO Alex Twigg. The co-founder team also includes Standard Chartered’s former global head of personal banking Chris Bayliss, who served as a NAB EGM between 2010 and 2012.

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

Australians’ Personal Wealth Declining

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

InvestorDaily

Australians’ personal wealth has diminished according to Roy Morgan, with the market researcher finding the country’s gross personal assets – including owner-occupied homes – were at the lowest level of 2018 in the December quarter, dropping by 5 per cent from the previous quarter. The market researcher said Australians’ personal wealth came to $9.7 trillion for the final quarter, a drop of $512 billion from when it was $10.2 trillion in the September quarter. Net wealth (after debt) also decreased by 4.3 per cent to $8.6 billion from $8.9 billion, the survey found.

Average gross household wealth was also found to be at the lowest it has been in the last 12 months, at $1.01 million, a 5.4 per cent below the September quarter. The analysis said average gross wealth per capita also hit a yearly low, having fallen by 5.4 per cent to $475,000, from $502,000 in September. The value of owner-occupied homes saw a decline of 5.2 per cent or $270 billion, accounting for more than half of the decline at 52.7 per cent in gross personal wealth for the quarter.

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

Westpac Commits to Renewable Energy

Posted by Anton Murray Consulting on . Posted in Market Commentary, News

InvestorDaily

Westpac has announced its commitment to renewable energy by vowing to source the equivalent of 100 per cent of its global electricity consumption through renewable sources by 2025. Westpac is one of the the first among Australian companies to make this commitment, which will make them a member of RE100, an initiative led by The Climate Group to bring together businesses who commit to 100 per cent renewables. This decision by one of Australia’s largest companies comes at a time when the current coalition government has scrapped the carbon tax and has criticised renewable energy targets.

The Institute of Public Affairs a conservative think tank has sent out a manifesto to the coalition MPs to withdraw from the Paris agreement, abolish the renewable energy target and launch a royal commission into climate change data. This view by the conservatives is in stark contrast to Westpac whose chief operating officer Gary Thursby said that climate change is one of the most significant issues set to impact our way of life. “We see our move towards the use of renewable energy in our operations as being key to delivering on our existing climate change and sustainability commitments.

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