Funds Management News

Funds Management News

ABGF announces inaugural $15m investment

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

InvestorDaily

The Australian Business Growth Fund has announced its first investment. The Australian Business Growth Fund (ABGF) has made its inaugural investment, backing an innovator in clean technology 3ME Technology Holdings with $15 million. Based in the Hunter region, 3ME Technology designs and supplies safe, high-performance lithium-ion battery systems to industries with challenging safety, certification and operating demands, including the mining, military and marine sectors.

“The investment will enable 3ME Technology to increase production, invest in their market leading technology and expand into new markets, as well as expand Australian manufacturing capabilities in regional New South Wales and create new jobs in the Hunter,” Treasurer Josh Frydenberg said in a statement. In addition to the direct investment, ABGF will also hold a board position at 3ME Technology, providing strategic support as well as access to ABGF’s business networks. “The ABGF is designed to ensure that small and medium-sized businesses have access to the capital they need as we move into the recovery phase of the COVID-19 pandemic,” Mr Frydenberg said.

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

UBS Asset Management hires new country head

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

InvestorDaily

UBS Asset Management has announced the appointment of Alison Telfer to the role of country head for Australia and New Zealand. Ms Telfer joins the manager with over 20 years of experience in Australian and global asset management, including most recently as chief operating officer, general counsel and head of public policy at BlackRock Investment Management Australasia. Her previous experience also includes eight years at Challenger in the roles of senior legal counsel and as director of specialised product development and co-investment group.

UBS Australasia joint-country head Nick Hughes said that the manager was excited to have Ms Telfer join and drive its asset management business forward. “Her strategic mindset coupled with her extensive Asia-Pacific asset management experience will be valuable in helping her position UBS Asset Management for the future,” said Mr Hughes. “Alison is a highly experienced and impactful senior leader and has a solid track record of leveraging the best of breed product capabilities of a global organisation to benefit local clients.”

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

Australia’s best and worst performing super funds revealed

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

InvestorDaily

Australians could lose hundreds of thousands of dollars by being a member of a poor performing fund. A new report has found that Australians who are members of the worst performing super funds could lose a quarter of their balance by retirement. In its latest Fat Cat Funds Report, StockSpot identified what it described as ‘Fat Cat Funds’ by looking at the bottom 10 performing super funds within a particular risk group such as balanced or growth.

OnePath was named the top ‘Fat Cat Fund’ in 2021 with a total of 10 funds, followed by AMP with six funds and MLC, Zurich and Energy Industries Superannuation Scheme with three funds each. Stockspot said that $7 billion of superannuation was sitting in the worst 40 funds at a cost of over $120 million in fees each year. “Superannuation, after property, tends to be one of the largest assets that most Australians have” said StockSpot CEO Chris Brycki.

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

Internalisation means taking a punt on attracting the best and brightest: Hostplus’ Elia

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

Investment Magazine

Size is important in super fund land – David Elia knows that as well as anyone. But the CEO of Hostplus, the $73 billion soon-to-be $90-plus billion dollar fund doesn’t necessarily believe that greater size and scale predicates a move to insourcing of investment management.

“I think when Australian Super started down its path of internalisation, [investment management] fees were much higher. So that was the benchmark that they were using to justify internalisation. I think given what we’re seeing in the market today with investment fees. They’ve dropped a lot, I mean, they have really, really dropped. I think the benchmark now for anyone contemplating internalisation I think is more marginal,” Elia said in a conversation with Investment Magazine as part of its CEO series in partnership with TAL.

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

New ‘game changing’ super fund readies for launch

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

InvestorDaily

A new entrant to the multibillion-dollar financial services industry is readying for a $5 million pre-IPO funding round. Promising to deliver a game-changing “financial adviser friendly” solution, TOMORROW Super is bracing for launch with a $5 million pre-IPO funding round. In a statement issued on Tuesday, the new fund revealed Crescent Wealth has acquired an 8 per cent stake in the recent raise and will become TOMORROW’s maiden white-label platform client.

TOMORROW promises to bring a neobanking customer experience to the world of superannuation and investment. It is the brainchild of former BT Financial Group executive Wes Hall and chaired by former King & Wood Mallesons managing partner, Frank Zipfinger. “There are three undeniable trends when it comes to investing in Australia: economic activism through ESG investing, low cost, and the rise of the self-directed investor – and TOMORROW will deliver on all three,” said Mr Hall.

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

ETF boom to drive market cap $200bn

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

InvestorDaily

Exchange-traded funds (ETFs) are to remain the go-to product for retail investors, with the industry in Australia set to grow to $200 billion in the next two years, according to a recent study. VanEck’s latest research has revealed that the increase of usage in ETFs is expected to boost its market capitalisation from $140 billion at the end of 2021 to $200 billion in the next couple of years, particularly as retail investors flock to the product. The research is based on the investment manager’s survey, said to be the largest of its kind in Australia for 2021, attracting 3,047 responses.

It found that 96 per cent of respondents now use ETFs in their portfolios, while 67 per cent said they would opt to increase their exposure to ETFs within the next six months. A further 31 per cent stated they would at least maintain their current levels of investment in ETF products, while less than 1 per cent would look to reduce their investment. “Self-directed or retail investors are flocking to ETFs to get access to a plethora of investment opportunities on ASX,” said Arian Neiron, VanEck Asia-Pacific chief executive and managing director.

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

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