Insights
NAB Acquires Remaining Share of JB Were
Scott Hodder, Investor Daily In a statement issued yesterday, NAB Wealth group executive Andrew Hagger said the bank had decided to acquire the remaining 19.9 per cent share of JBWere that was held by Goldman Sachs. “We are pleased today to also announce that NAB has purchased the remaining share of JBWere from Goldman Sachs,” […]
New Investment Director at AMP Capital
InvestorDaily Andrea McElhinney, who joined the company in 2010, has been promoted to the role of investment director, social and aged care infrastructure, at AMP Capital. Ms McElhinney will be responsible for the day-to-day portfolio management of AMP Capital’s community infrastructure fund, which includes portfolio optimisation, client interaction and investment activities. She will take over the role from Julie-Anne […]
Investors Drawn to Low Cost ETFs: Van Eck Global
Taylee Lewis, InvestorDaily Van Eck Global said investors are attracted to ETFs due to their low cost, which will likely result in the industry gaining an additional $8 billion in investment this year. Van Eck Australia managing director, Arian Neiron, argued that investors are looking to ETFs to diversify from traditionally owned assets like mining companies and banks. […]
Credit Suisse Positive About China Following UBS Expansion
Wealth Professional Credit Suisse Group AG Chief Executive Officer Tidjane Thiam said he remains positive on China, echoing comments by his counterpart at UBS Group AG, following an equity selloff and a deepening economic slowdown. “I went to China first in 1984 — anybody who’s been to China in 1984 can only be a China bull,” […]
AMP Capital Reassures Market After Shaky Start to 2016
Tim Stewart, InvestorDaily Pessimism is rife as global stock markets reel from the plunges since the beginning of the year, with the Royal Bank of Scotland (RBS) recommending to its clients that they “sell everything except high-quality bonds”. But according to AMP Capital chief economist Shane Oliver, there are seven reasons investors should “not be too […]
Pressure on Goldman Sachs as UBS Expands into China
Cathy Kit Ching Chan, Bloomberg UBS Group AG’s plan for an unprecedented expansion in China is turning up the heat on Goldman Sachs Group Inc., the only global securities firm that can fully compete with it on the mainland. Chief Executive Officer Sergio Ermotti, undaunted by the country’s economic slowdown and stock market turmoil, told Bloomberg […]