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Financial Messaging Services Hits Record Traffic

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

InvestorDaily

A global provider of secure financial messaging services has reached an record high traffic of over 7.8 billion messages. SWIFT allows over 11,000 financial institutions to send secure, reliable and efficient electronic messages like payments to each other and 2018 was the company’s biggest year to date. Over 2018, an average of 31.31 million messages were sent daily which drove its annual traffic up to 7.8 billion an increase of 11.3 per cent from 2017.

The growth has been attributed to mass adoption of SWIFT gpi which now accounts for 55 per cent of cross-border payment instructions carried on the network. The biggest day for SWIFT was on 31 May when 35.22 million FIN messages were sent which chief executive Gottfried Leibbrandt said was a remarkable achievement. “Our traffic increase is remarkable, and I’m delighted we’ve hit an all-time high of 35 million messages in a single day.”

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

Bracing for Brexit

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

AsianInvestor

Brexit has brought to the table a whirlwind of uncertainty and tragi-comedic drama to historically one of the world’s most stable democracies and its fifth-largest economy (just about), with potentially negative consequences for the world’s largest trading bloc and, most of all, the UK. So it’s no surprise that equity investors have generally taken it badly, with the Stoxx Europe 600 shedding 12.89% last year and the FTSE 100 losing 12.5% – its biggest annual decline in 10 years. With less than two months to go to the Brexit deadline on March 29, there is still deadlock and little sign of a deal that will command a majority in the British parliament and be agreed to by the European Union.

The chances of a ‘no deal’ are growing. For investors looking on from the outside, the challenge is clear: should I invest in the UK or should I not? Should I take advantage of the weak pound and oversold markets to gain exposure to world-class assets and companies, or maybe wait for a firesale, or should I rein it in and try to steer clear?

The rest of this article can be found at asianinvestor.net.

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.

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

Pengana Launches Australian First Trust

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

InvestorDaily

Australia’s first global private equity listed investment trust is set to be launched by Pengana to give investors exposure to the portfolio. The Pengana Private Equity Trust will provide investors with exposure to a globally diversified portfolio of private equity through an ASX-listed vehicle. Grosvenor Capital Management (GCM) has partnered with Pengana to construct the trust and will help the group to select investments for it.

Grosvenor is a global alternative asset manager with US$52 billion under management and with a long track record of investing in private equity. Private equity in the past has been the domain of institutional investors but, by trading on the ASX, the trust hopes to allow more investors access because of the potential of secondary market liquidity. Pengana’s chief executive officer Russel Pillemer said this trust would give retail investors opportunities they had never had before.

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

6m Aussies ask friends or family for financial advice

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

ifa

Around 6 million Australians seek advice about money and investments from friends and families, according to Roy Morgan. According to Roy Morgan’s Single Source survey, around 3.5 million Australians have been asked for financial advice by their friends or family. The survey found that, of the 16 largest consumer banks, Citibank has the highest proportion of customers (34.5 per cent) that are asked by friends or family for their financial advice, followed by ME Bank with 32.2 per cent.

Bank customers who are asked for financial advice have the potential to gain or lose customers for their institution depending on how they feel regarding their satisfaction with the relationship with their current bank. The highest proportion of the big four bank customers who are asked for advice is ANZ with 21.2 per cent, followed by the NAB (20.4 per cent), Westpac (19.5 per cent) and CBA (17.9 per cent). “This research shows that financial decisions for many have the potential to be impacted to a considerable extent by informal advice from friends and family, rather than relying on professional financial planners,” said Roy Morgan industry communications director Norman Morris.

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