News
ETFs to Become Industry Standard by 2022
InvestorDaily Nearly all asset managers will be offering either active or passive ETFs within five years, predicts EY. A new global survey by EY has laid out the dominance of passive investment strategies – and ETFs in particular. The research, EY’s fifth annual global study of ETFs, interviewed 70 product providers, market makers and services providers […]
Financial Services Sector Outperforms Economy
InvestorDaily The financial services and insurance sector grew 4.5 per cent in the 2016-17 financial year, outperforming the growth of Australia’s overall economy, the Australian Financial Markets Association has revealed. According to the 2017 Australian Financial Markets Report, the financial services and insurance industry enjoyed a period of 4.5 per cent growth despite being weighed down […]
NAB Wealth Boss to Depart
IFA A senior wealth exec within the NAB network will leave the bank in December, while NAB FP general manager and former Genesys boss Tim Steele has been promoted. NAB announced today that executive general manager, wealth advice, Greg Miller will leave NAB in December as part of a raft of changes to the structure of […]
MLC Private Equity Fund Raises $160m
InvestorDaily MLC Private Equity, a division of NAB Asset Management, has closed the fundraising round of its new fund at $160 million. According to a statement, fund raising for MLC Private Equity Fund II targeted high-net-worth individuals and family offices and closed oversubscribed. Commenting on the fund raising, MLC head of private equity Alicia Gregory said, […]
New ETF Suite Launched by Vanguard
InvestorDaily Vanguard Australia has released a new ETF suite that will enable clients to access its diversified portfolios in a single trade. Vanguard said the four new ETFs will allow ETF investors to utilise an asset pool worth more than $7 billion since each ETF is a share class of a pre-existing Vanguard index fund. Commenting on the […]
Technology Will Boost Productivity: JP Morgan
InvestorDaily Investors should look to invest in the technologies that will underpin and impact multiple sectors, mitigating shortfalls in productivity growth, according to JP Morgan. Speaking in Sydney yesterday, JP Morgan Asset Management global head of multi-asset strategy John Bilton indicated that the productivity levels of the global work force were dipping due to an […]