Money Management

Of 3.3 million Australians who own any form of cryptocurrency, women accounted for 11% in June, a significant jump from 7% in January, according to research by comparison site Finder. Despite the proportion of men investing in cryptocurrencies falling from 29% in January to 23% six months later, the overall number of Australians with cryptocurrency jumped to 17% in June from 12% at the start of the year. In terms of demographics, close to a third of Gen-Z owned crypto (31%), a figure that had more than doubled since January (15%) and, by comparison, the number of millennials who owned cryptocurrency dropped from 33% to 24% over the same period.

“Even though Bitcoin’s value dipped in recent months, Finder’s research shows that crypto adoption in Australia is continuing to grow,” Kate Browne, personal finance expert Finder, said. “It’s great that we’re seeing more women and young people choosing to invest in cryptocurrency. “Historically, the world of cryptocurrency has been dominated by men. With strong long-term growth predictions, a gender gap in cryptocurrency investing could have implications for wealth distribution,” Browne noted.

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

AFR

AMP has brought in Boston-based investment manager and former US Navy lieutenant Shawn Johnson to lead AMP Capital ahead of its demerger from AMP and new life as a separately listed public company. Mr Johnson is the former managing director and chairman of the investment committee at $US2.1 trillion funds management giant State Street Global Advisors. He will replace Boe Pahari, who was demoted to head of  infrastructure equity following shareholder and public backlash over his brief appointment as AMP Capital head despite having settled a sexual harassment claim against him in 2017. AMP announced Mr Pahari would be leaving AMP in April.

David Atkin, AMP Capital deputy CEO and former chief of industry super fund Cbus, will leave AMP in late July, having initially joined the troubled company in December last year on an interim basis until June. It is understood Mr Atkin, who has been overseeing the structural separation of AMP Capital’s lucrative unlisted real estate and infrastructure investments business from the rest of AMP, will work closely with Mr Johnson for three or four weeks before leaving the company.

The rest of this article can be found at afr.com.

InvestorDaily

InvestorDaily

InvestorDaily

InvestorDaily

Bevan Green has become business development manager for AXA IM Core, where he will report to Michelle Lacy. Previously, he was a business development manager for Colonial First State Investments. Prior to that, Mr Green held business development roles with Zurich Investments, NAB Asset Management and Nikko Asset Management.

“Bevan’s appointment demonstrates AXA IM’s commitment to Australian clients as we continue to provide more focus and proximity to our clients in response to their evolving needs,” Ms Lacey said. She added the company is seeing growing demand for sustainable investments. “In this challenging environment, responsible investing has become even more central to our business priorities, with climate change representing our largest area of engagement in 2020,” Ms Lacey said.

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