“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.

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.

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.

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.