News

News

Aussie ETF industry back on growth trajectory

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

InvestorDaily

Australian ETFs have recorded their strongest net inflows in nine months. After suffering three months of declines, the assets under management (AUM) of Australia’s ETF industry rose by 4.8 per cent in July to end the month at $130.2 billion. According to data released by BetaShares, around 40 per cent of this growth came from strong industry net inflows, which climbed to their highest level in nine months at $2.2 billion.

“Notably, particularly in light of all the volatility we have seen in sharemarkets in recent times, the Australian ETF Industry has not had a single month of net outflows over the last 10 years,” said BetaShares chief commercial officer Ilan Israelstam. Over the 12 months to July, the total market cap of the industry increased by 9.7 per cent or a total of $11.5 billion. BetaShares reported that ASX ETF trading value decreased by 19 per cent last month after rising to its third highest level ever in June.

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

Challenges of investing in renewable energy infrastructure

Posted by Anton Murray Consulting on . Posted in Investment Banking News

InvestorDaily

With most of the developed world experiencing an energy crisis of varying degrees, investing in renewable energy has never been more in focus. The investment opportunity is expanding due to the soaring costs of fossil fuel and various government and corporates’ long-term commitments to decarbonise. Also, accelerating investments in renewable energy is seen as Europe’s path to energy independence.

As Kwasi Kwarteng, the UK Secretary of State for Business, recently said: “This is no longer about tackling climate change or reaching net zero targets. Ensuring the UK’s clean energy independence is a matter of national security”. The European Commission also outlined the REPowerEU Plan, in response to the global energy market disruption caused by Russia’s invasion of Ukraine and is seeking to reduce its dependency on Russian gas and oil.

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

Gold cements role during times of uncertainty

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

The precious metal has been among the better-performing asset classes this year. While most major asset classes have fallen over the past year amid the significant volatility in global markets, gold’s role as a safe haven in times of uncertainty appears to have persisted. In a note released this week, ETF Securities head of distribution Kanish Chugh pointed out that the precious metal had outperformed top indexes over the past six and 12 months, including the ASX 200 and the MSCI World, as well as Australian and global bonds.

Mr Chugh said that gold appeared to have turned a corner in recent weeks after falling from a high of US$2,000 an ounce earlier this year following Russia’s invasion of Ukraine and was now trading roughly flat year-to-date. “Geopolitical tensions remain high, with war in Ukraine destabilising eastern Europe and Nancy Pelosi’s visit to Taiwan causing alarm in China. While these events are reflected in the gold price at this stage, they serve as a reminder that gold typically finds support during times of crisis,” he said.

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

ASX reports ‘solid’ full-year result, admits ‘disappointment’ over CHESS delay

Posted by Anton Murray Consulting on . Posted in Investment Banking News

InvestorDaily

The stock exchange operator posted revenue growth of 7.5 per cent. ASX has announced a “solid” result for FY22 with a 7.5 per cent increase in operating revenue to $1.02 billion and a 5.7 per cent lift in net profit after tax to $508.5 million. In its full-year results released on Thursday, ASX reported that its earnings before interest and tax had risen 7.5 per cent to $689.2 million while its earnings per share and dividends both lifted 5.7 per cent in line with net profit.

Commenting on the results, ASX MD and CEO Helen Lofthouse said that the company had continued to benefit from its diversified business model. “We saw decade-high levels of listings activity, particularly in the first half, with 217 new listings in the period — the highest number since FY08. And the total amount of capital raised increased 56 per cent to $159.4 billion (excluding the BHP capital unification), a new record overall,” she said. “The markets business benefited from higher equity trading activity and demand for commodities products. However, this was partly offset by the impact of the lower interest rate environment on futures volumes. On-market equity trading increased, with a daily average value across the period of $6.7 billion, up 15 per cent.”

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

Sequoia reports revenue increase despite headwinds

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

The financial services company has announced its FY22 results. The total revenue of Sequoia Financial Group increased by 26.5 per cent over FY22 to $147.3 million, according to the firm’s full-year results released on Thursday. Sequoia reported a 7.3 per cent EBITDA increase to $12.4 million and a 3 per cent lift in NPAT to $5.7 million during what it described as a “difficult but opportunistic year” for the advice industry.

The firm said that the modest increase to its net profit was largely due to higher operating expenses and strategic investments to boost its sales and marketing efforts as well as enhancements to its cyber security capabilities, technology upgrades and service uplift. Revenue within the licensees services division, formerly known as Sequoia Wealth, increased by 15.2 per cent to $64 million with EBITDA of $5.5 million and an EBITDA margin of 8.6 per cent. Despite headwinds including high inflation and falling adviser numbers, the firm said that it had increased market share across all of its divisions with consolidated revenues and operating cash flow tracking slightly ahead of its seven-year business plan.

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

RBA to up engagement with economists ahead of review

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

The RBA is looking to engage with other economists in a “more structured way” through a series of upcoming panels. The Reserve Bank is establishing a new panel of private sector economists to encourage discussion of economic issues with meetings planned to take place at least biannually starting on 6 October. In a statement on Thursday, the bank said it is also increasing the number of attendees at meetings of the existing panel of economists from academia and will meet with this panel on 27 September.

The bank confirmed that the meetings of both panels, which it envisions will consist of up to a dozen members, will be chaired by the Governor and senior bank staff will participate. Participation is expected to rotate over time. The agenda will include challenges facing the economy and the appropriate role of forward guidance in monetary policy. According to the bank, this should be particularly useful ahead of a review of the Reserve Bank Board’s approach at its November meeting.

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

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