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BT Panorama Funds Up 32%

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

InvestorDaily

BT Panorama is set to surpass $15 billion in funds under administration with a 75 per cent increase in netflows since it introduced simple open platform pricing in July last year. The firm’s FUA were up by $3.6 billion, an increase of 32 per cent, while netflows grew between August to December to $814 million from $466 million. BT Panorama also increased its number of active advisers by 35 per cent, while customer accounts grew by 33 per cent.

The company noted it is now experiencing quarterly and annual FUA growth of 15 per cent and 85 per cent respectively. BT Panorama saw quarterly and annual netflows of 30 per cent while other platforms with positive netflows fell from the June quarter. Kathy Vincent, general manager, Platforms and Investments at BT Financial Group said the firm opening up its pricing has been a game-changer.

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Smart Beta ETF Take-Up Soaring

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

InvestorDaily

Investors are increasing their allocation towards smart beta ETFs opposed to market capitalisation and active strategies, according to VanEck. Smart beta cumulative net flows as a percentage of total flows has grown from 11.7 per cent to 21.7 per cent between 2016 and 2018, according to VanEck’s ETF IQ Scorecard for December 2018. “By strategy, smart beta ETFs are gaining in popularity, now accounting for about one-quarter of all inflows, at $1.6 billion over the year to date, as investors seek targeted investment outcomes and wealth-building strategies not offered by traditional ETFs which track market capitalisation indices,” VanEck said.

Meanwhile, net flow allocation to active ETP products has remained stable at approximately 10 per cent of total flows. VanEck also found that international equity ETPs attracted the greatest net inflows in 2018, attracting $3.2 billion, compared to $1.7 billion for Australian equities. “This reflects the trend for Australian investors to move offshore to diversify their portfolio and pursue growth opportunities,” VanEck said.

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

Sustainable Investment Fund Launched

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

InvestorDaily

Ausbil Investment Management have launched a fund specifically designed to meet the growing demand for sustainable investments. The Ausbil Active Sustainable Equity Fund invests in companies which have sound sustainability profiles while avoiding companies that are vulnerable to earnings risk due to sustainability weaknesses. The fund will hold between 30 and 45 stocks selected from the S&P/ASX 200 index and will make decisions based on the Ausbil ESG research team.

Ausbil’s chief investment officer and head of equities Paul Xiradis said that ESG factors are an integral part of the investment process at Ausbil. “Rather than focusing only on growth or value investing, our investment process allows us to exploit the inefficiencies across the entire market, at all stages on the cycle and in all market conditions. Our ESG stock research means that we’re better informed and it’s our belief that this will lead to better performance over the long term,” he said.

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

‘Tobacco-Free’ Stamp of Approval Ahead for Fund Managers

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

InvestorDaily

Australia’s competition watchdog is proposing to accept an application for a certification trademark that signals to potential investors that a fund manager or financial institution’s investments by a fund manager or financial institution are ‘tobacco free’. Tobacco Free Portfolios, which maintains a list of businesses involved in the manufacture of tobacco products, has applied to register the Tobacco Free certification trademark. The trademark has three variations, which indicate that the fund manager, or financial institution, does not have direct or indirect investments in companies involved in the manufacture of tobacco products, or the fund manager has committed to divesting any such tobacco holdings within two years.

“Many investors want to invest in funds that are tobacco free, and this mark will help them to make informed investment decisions,” ACCC deputy chair Mick Keogh said. “Our initial assessment is that this trademark and the underlying rules meet the legal test for registration in that they are clear and not misleading or anti-competitive. Additionally, as the approved certifier, Tobacco Free Portfolios is able to competently assess whether funds and fund managers meet the certification requirements.”

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

Investors demand climate change action

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

InvestorDaily

Financial industry heavyweights have called on governments and businesses worldwide to step up climate change efforts. A group of 415 investors who collectively manage assets worth US$32 trillion have called on governments to take stronger actions to meet goals as set out in the Paris climate agreement. The statement from the Institutional Investors Group on Climate Change was first launched in June ahead of the G7 summit in Canada but has been reissued to coincide with the current negotiations happening in Poland.

Backers of the statement include pension funds, asset managers, insurance companies and more, all calling on governments to do more to limit global warming and sets out the measure’s investors need to see to help them further shift their portfolios. “Much more needs to be done by governments to accelerate the low carbon transition and to improve the resilience of our economy, society and the financial system to climate risks,” the group said in a statement. The group has said actions like phasing out thermal coal power and fossil fuel subsidies were needed and leading on climate change would produce new jobs and investment opportunities.

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