Industry Updates

VanEck to list gold bullion ETF on ASX

A gold bullion ETF (NUGG) from VanEck will be tradeable on the ASX from Wednesday morning (7 December).

PAN-Tribal Global Equity Fund: ‘Highly Recommended’ for fifth year in a row

Fund researcher Zenith has provided the PAN-Tribal Global Equity Fund with its ‘highly recommended’ rating for the fifth year in a row. 

RBA gives 25bps increase

In the final board meeting for the RBA in 2022, the reserve bank has increased the cash rate by 25bps to 3.10 per cent.

Qualitas appoints new head of income credit

Alternative real estate investment manager Qualitas has appointed Mark Power as the head of income credit.

Financy partners with UniSA for diversity tech solution

Australian fintech Financy has partnered with the University of South Australia’s Centre for Workplace Excellence (CWeX) to develop Impacter – a new tech solution that helps organisations manage and prioritise performance on diversity, equity and inclusion.

Give advisers the gift of standardisation

For super funds that want to make advisers happy, the best Christmas gift they could give is standardising data and disclosure processes.

Lack of ESG disclosure means ‘effectively blind dating’

The lack of portfolio holdings disclosure data means investors are left taking a leap of faith over whether ESG funds are true to label and this may not match their client’s values.

Australia’s AAA rating reaffirmed

Australia’s AAA credit rating has been reaffirmed by international ratings agency Fitch Ratings, according to an announcement from Treasury. 

Fogarty joins Kelly & Partners Chartered Accountants

Former Fitzpatricks Private Wealth chief executive Matt Fogarty has commenced a new role as head of private wealth at Kelly & Partners Chartered Accountants.

HESTA completes merger with Mercy Super

Some 13,000 Mercy Super members and their assets have moved to industry fund HESTA in a recently-completed merger, bringing the total funds under management to almost $70 billion.

Talaria appoints new head of sales

Talaria Asset Management has appointed Lance Oliver to the newly created role of head of sales.

‘A lot of younger people are missing out’: AMP proposes matching up young clients and advisers

Young Australians need advice and young advisers need to gain experience. But this could be the perfect match – younger advisers with less industry experience can give limited advice to young Australians who aren't yet ready for holistic advice.

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