Uncategorised

Women’s aversion to investment risk remains

Australian women are still struggling to overcome barriers to investing, despite more than half saying they are concerned they are not on track to meet their financial goals. A survey Fidelity International survey found that women have a high aversion…

Bennelong hangs out its shingle in New York

Bennelong Funds Management has opened a United States office in New York, where its new subsidiary BennBridge US will market its funds to institutional investors. BennBridge US is headed by Barbara Safranek. The move into the US follows Bennelong’s launch…

Women’s aversion to investment risk remains

Australian women are still struggling to overcome barriers to investing, despite more than half saying they are concerned they are not on track to meet their financial goals. A survey Fidelity International survey found that women have a high aversion…

BT bulks up on managed accounts

BT has expanded its product offering, adding six active diversified managed portfolios to BT Panorama, with the focus on a low fee structure. The new CoreSeries is offered with no portfolio level investment management fees and underlying management fees between…

ATO spells out new LRBA rule

The ATO has issued a ruling, setting out its approach to proposed changes to superannuation rules affecting limited recourse borrowing arrangements and the calculation of total superannuation balances. Treasury laws Amendment (2018 superannuation Measures No.1) Bill 2018 requires that the…

A better jurisdiction for credit

Under a reform to the Corporations Act that took effect on July 1, the ability of counterparties to terminate contracts with companies entering insolvency, using so-called “ipso facto” clauses, has been restricted. The aim of the reform is to make…

Continued case for EM debt after ‘impressive’ gains

Despite rallying for two years, the fundamental case for further gains in emerging markets local currency bonds remains strong, according to Paul McNamara. The GAM Investments expert on the subject argues, strongly, for the asset class’s inclusion in a broader…

… as Spheria passes minimum for next best small-cap LIC

Specialist small and micro-cap manager Spheria Asset Management has passed the $100 million minimum subscription level for its new listed investment company. The result follows a return to form for active small-cap managers, generally, and the wider small and micro-cap…

ATO joins push for auditor independence

The Australian Taxation Office is throwing its weight behind a regulatory campaign to enforce compliance with auditor independence rules, saying it will focus its compliance resources on auditors who prepare accounts and tax statements for SMSFs they also audit. James…

Pengana shines a light on the importance of adapting

There is a famous quote by the great American economist Joseph Schumpeter in his 1942 book ‘Capitalism, Socialism and Democracy’: “creative destruction is the essential fact about capitalism”. At the latest Pengana Capital Group investor briefing Schumpeter’s expression was a…