Insights

Insights

Women face 101-year wait for financial equality

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

Women’s financial progress slowed in the December quarter, with the expected time frame to gender equality rising to 101 years. The Financy Women’s Index fell by 3 per cent to 74 points in the December quarter, as male employment recovered. Despite the global COVID crisis in 2019, the financial progress of women is heading in the right direction, Financy reported, although the index has predicted it will still take a century to achieve equality.

The wait has increased to 101 years, from its previously anticipated 100 years in September quarter, as the gap for unpaid work widened. The national gender pay gap is also expected to take 21 years before it closes and Australia achieves equality, while employment is anticipated to 33 years to rectify, 18 years for underemployment, seven years for women on boards and 38 years to close the gap for super. Bianca Hartge-Hazelman, author of the Financy Women’s Index commented: “Without significant change, it’s likely that women will continue to participate in paid work at a reduced capacity to men and this will affect women’s financial security and progress.”

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

Australian equity market best in the world: research

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

“From its March low until the year-end, the bellwether US market, for example, rose by an extraordinary 77 per cent. And with this backdrop Australia has consistently been among the world’s best performing markets both in local currency terms and USD terms.” That performance has been underpinned by strong fundamentals, including a “healthy and resilient services economy”, a commodities sector linked to Asia’s highest growth economies, and a strong banking sector – backed by flexible monetary policy and a democratic political system.

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

First Super names fresh board members

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

InvestorDaily

“Anthony’s depth of knowledge and understanding of the pulp and paper industry will be a significant advantage to the board and to our membership,” First Super chief executive Bill Watson said. “He has a vast working knowledge of the industry and will no doubt assist us in making decisions that reflect members’ real experiences and needs.” Also joining the First Super board is compliance officer for the CFMMEU Casey Thompson. She will be observing the board and committees as an associate member director.

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

Boutique fundie hires from NAB

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

Prime Value chief executive Yak Yong Quek commented Prime Value is in the process of growing its retail segment. “Philip is an outstanding addition to our team and will be important in developing our connection with financial advisers and dealer groups,” Mr Quek said.

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

Super payouts surge by 39.4%

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

InvestorDaily

The dwindling payments from the early release scheme saw benefit payments drop to $21.3 billion in the December quarter, in contrast to $33.9 billion in the three months before. But benefit payments for the 2020 year were $113.3 billion, a 39.4 per cent surge on the year before, including around $36 billion being withdrawn under the early release scheme. Total contributions increased by 1.9 per cent during the year, although annual member contributions of $22.9 billion were 6.4 per cent lower than the previous year. Employer contributions had still increased by 4.1 per cent.

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

Huge investment potential in clean energy sector

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

Companies in the clean energy sector are poised to benefit from rising demand for renewable energy as governments worldwide work toward Paris climate targets, with the momentum building after US President Joe Biden recommitted the US to the Paris Agreement. Highlighting the global move to clean energy, the US Energy Information Administration (EIA) forecasts that power generation coming from renewable sources, such as wind, solar, hydro, and geothermal, should provide almost half of the world’s electricity generation by 2050. This move to clean energy is being driven by governments adopting renewable energy policies to meet the Paris Climate Agreement.

In the US, Mr Biden has promised to spend US$2 trillion on clean energy projects over the next four years. Another big GHG emitter, China, is leading global renewable energy production and is the world’s largest investor in renewable energy. Elsewhere around the globe, money is pouring into renewable energy projects. However, much more investment is still required to meet the Paris Agreement. According to the International Renewable Energy Agency (IRENA), meeting international climate objectives will require a massive reallocation of capital toward low-carbon technologies and renewable energy, “and the mobilisation of all available capital sources”. IRENA has stated that annual investment in the renewables space must jump almost threefold to US$800 billion between 2020 and 2050 and the pace must accelerate considerably for the world to meet climate goals.

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

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