MM Newsletter
  08 July, 2021
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Money Management Original
FASEA exam takers should not rely on licensee policies
Exam takers too often rely on their licensee policies, rather than their Corporations Act requirements, which has led to underperformance in assessing areas like key advice documentation and breach reporting.
Money Management Original
Guidance to be given on Sydney FASEA exam
Due to the Sydney lockdown, the Financial Adviser Standards and Ethics Authority is currently assessing its options for exam takers.
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Macro perspectives: growth, rates and inflation
While a fiscally fueled expansion looks likely this year, it's uneven across regions. Franklin Templeton's specialist investment teams weigh in on the implications across global markets.
Money Management Original
Magellan sees 62% performance fee drop
Performance fees at Magellan Financial Group have more than halved in the 2020/21 financial year after the firm experienced fund underperformance.
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Industry News
Female board representation drops at big four banks
Three of Australia’s largest banks have fallen back in their female board representation with one dropping below the 30% target.
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Behind the scenes of generating alpha
Learn how the BlackRock High Conviction Australian Equity Fund provides a differentiated approach to investing. Hear from the team on the trends they’re watching to help look for tomorrow’s winners.
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Industry News
BT Panorama hits $100b FUA
The migration of accounts from BT Wrap to BT Panorama has transitioned over 150,000 accounts and over $56.6 billion in funds under administration.
Industry News
Ninety One commits to net zero initiative
The asset manager said it was particularly focused on sustainability in emerging markets as it became the latest manager to sign up to the Net Zero Asset Managers Initiative.
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Industry News
Tech investment trends accelerated by COVID-19 to stay
E-commerce, cybersecurity, online education, and digital payments are well-positioned for substantial growth in the long-term, according to Franklin Templeton.
Industry News
Aussie miners to overtake banks
Australian resource companies will drive the local market higher during the second half of 2021 towards 8,000 and gain more than banks, according to Research Affiliates.
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Industry News
Fraud costing Australian financial services dearly
The cost of fraud to financial services in Australia is 3.78 times the amount of the lost transaction value, according to a study.
Industry News
US retirement firm acquires 15% stake in Challenger
Athene Holding has acquired a minority stake in Challenger for $720 million as part of its growth strategy.
Industry News
Wavestone co-founder departs after 15 years
Graeme Burke, co-founder of boutique investment manager Wavestone, has departed the firm after 15 years.
Industry News
AIA appoints chair
Deputy chair Peter Yates will now be chair of AIA Australia, while Theresa Gattung will be chair of AIA New Zealand.
Industry News
ECP expands investment team
ECP Asset Management has appointed former First Sentier investment analyst, Justin Warton, to its investment team.
Industry News
Copia launches impact fund
Copia has entered into an agreement with global asset manager TT International to distribute its Global Environmental Impact fund in Australia.
Industry News
Halifax auditors plead guilty to charges
The first auditors in Australia to face criminal prosecution for failing to comply with auditing standards have pled guilty to the three charges against them.
Industry News
Crestone appoints six HNW advisers
It has added six new investment advisers that specialise in professional advice to high net worth and ultra-high net worth individuals.
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Industry News
Investing in closed-ended trusts
Closed-ended investment funds have received negative press lately, writes Angus Gluskie, so how do they work and what do investors need to know about premiums and discounts?
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