MM Newsletter
  27 March, 2020
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Latest News
 
COVID-19 inquiries prompt new calls for intra-fund advice extension
Confronted by almost record levels of inquiries to call centres, superannuation fund executives have again canvassed extending the scope of intra-fund advice. For more.
 
TPB lightens CPE load in face of COVID-19
The Tax Practitioners Board has sought to lighten the load for tax advisers and others by lifting the continuing professional education 25% reading cap for six months. For more.
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Coronavirus update: don’t stare into the abyss
Indiscriminate selling driven by virus fears may be a prime opportunity to take advantage of price dislocations. For more.
 
Australian equities suffer the most since COVID-19 pandemic
Australian-related equity funds have taken the biggest beating since the start of 2020, with geared funds losing the most, according to FE Analytics data. For more.
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Advisers vs. COVID-19: survey
Money Management is seeking feedback from advisers on how the COVID-19 crisis is affecting their business continuity and what are the key challenges they face. For more.
 
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How stock markets perform after heavy falls
Stock markets have tumbled during the coronavirus outbreak. Schroders’ analysis shows how the biggest one-day falls in the past have been followed by substantial returns over the subsequent five years. For more.
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The stock with a Zooming share price
It’s the technology stock taking over people’s homes as Australia moves to remote working and study but Zoom Video Communication may not be a ‘buy’ as much value is already priced in. For more.
 
More opportunities for contrarian investors
The current state of market offers great opportunities for contrarian investors with a focus on fundamentals, Allan Gray’s chief investment officer said. For more.
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Russell: The attractive appeal of high yield credit
High yield credit is looking attractively priced, according to Russell Investments, as a result of the COVID-19 shock and the oil price collapse has caused spreads to widen. For more.
 
RBA’s action should help stabilise the bond market
A relatively strong response from the Reserve Bank of Australia and implementation of the quantitative easing should help stabilise the bond market, according to Nikko AM. For more.
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Yarra appoints distribution manager
Rommel Hacopian has been appointed distribution manager by Yarra Capital Management. For more.
 
Maple-Brown Abbott appoints global head of distribution
Duncan Hodnett will join from 30 March, 2020, in the newly-created role of head of global distribution. For more.
 
Ex-AMP planner sentenced
Trevor William Martin has been sentenced to three years of imprisonment to be served through an intensive corrections order for dishonestly obtaining $208,000 of client funds. For more.
 
This is not the next GFC: BlackRock
The COVID-19 chaos is not a repeat of the 2008 global financial crisis, says BlackRock, but will deliver a ‘sharp and deep economic shock’ to global markets as the firm repositions its portfolios for resilience. For more.
Outsiders
 
COVID-19 is something to Bragg about
As Outsider sits in his big red leather chair enduring what some are now choosing to call self-isolation, he has been given to reflect that in these days of social media ‘self-isolation’ doesn’t necessarily mean that you’re actually isolated. For more.
 
Self-isolation, single malts and damn the virtual chit chat
It’s hard to break the habits of a lifetime but even Outsider is putting aside some of his less attractive attributes to meet with company policy during these difficult COVID-19 times. For more.
 
You know things are bad when the free tucker dries up
Outsider felt a pang of disappointment when the CMSF conference in Adelaide was called off due to the ever evolving COVID-19 pandemic. For more.
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FE Money Management Pty Ltd · Level 10 · 4 Martin Place · Sydney, NSW 2000 · Australia