Cromwell fund added to BT Wrap
The Cromwell Phoenix Core Listed Property Fund (“the Fund”) continues to build a strong following and has now been listed on the leading BT Wrap investment platform. Cromwell Funds Management Director Michael Blake said the listing on BT Wrap was further evidence of increasing demand from investors for the product. “The Fund is proving extremely
August 18, 2015
Shock waves from the rumbling Renminbi
The market will calm down after the biggest currency devaluation by China in almost two decades which has sent shock waves through global commodity, interest rate and stock markets, says George Lucas, managing director Instreet Investment. “The 3 per cent drop in the currency last week is relatively small for a developing country trying to
August 18, 2015
Crescent Wealth surpasses $100 million benchmark, proves market demand for Islamic investment products
Crescent Wealth, Australia’s leading Islamic superannuation and investment firm, today announced it has exceeded $100 million in funds under management. The achievement of this key milestone follows 245% growth in funds under management (FUM) in FY15 and demonstrates robust market demand for ethical Islamic investment products. Crescent Wealth has recorded rapid growth after launching Australia’s
August 17, 2015
SSGA Retirement Vision Survey: 40% not confident about meeting retirement goals
The report, “The Australian Retirement Vision Survey”, is based on a survey of 1,200 super fund and Self Managed Super Fund investors conducted with consultant Rice Warner. The main findings: · Across all age groups, six out of 10 Australians expect their current standard of living to remain the same after they retire. In fact
August 17, 2015
Market Vectors: Performance Insights – Australian and Global Equity ETFs Monthly Review
July was a strong month for Australian, US and global equity markets. HIGHLIGHTS The Market Vectors Australian Equal Weight Index (ASX code: MVW) returned 4.70%, outperforming the S&P/ASX 200 by 0.30%. The Market Vectors Morningstar Wide Moat ETF (ASX code: MOAT) returned 7.00% in July compared to the S&P 500 Index return of 6.86%. The
August 17, 2015
BetaShares July Australian ETF Review: New financial year brings multiple industry records
The Australian exchange traded fund industry recorded its largest ever month of growth by value in July, increasing $1.3 billion (7%) to reach a new record high of $19.7 billion in funds under management, according to BetaShares Australian ETF Review – July 2015. Approximately $700 million (55%) of the industry’s growth over the month came
August 17, 2015
Online advice and applications underpin QSuper’s financial planning push
As industry super funds increasingly expand their financial planning offerings, not-for-profit fund QSuper’s rollout of online and app-driven advice tools are attracting as many as 210 members per day. The Queensland-based fund caters primarily to the state’s public sector employees, has around 540,000 members and $59 billion in funds under management. Its approach has started
August 14, 2015
Why CPA Australia wants to change the future of financial planning
Over the past decade we have witnessed too many Australian consumers suffer as a result of poor financial advice; and in more recent times we have seen too many media reports about the failings of large financial planning institutions. CPA Australia’s commentaries and actions on these key issues of public policy have always been underpinned
August 14, 2015
Collision course: what financial planning can learn from football. Yes, really.
Because of where I was born, I display certain characteristics and I have some habits that puzzle and perplex and sometimes infuriate those who know me and even those few who love me. I observe some customs and practices that others find difficult to understand and which occasionally cause conflict. But I can’t help it.
August 14, 2015
Whether it’s a friend or foe of financial planners, robo-advice is coming
Robo-advice looms large on the radar of the Australian Securities and Investments Commission (ASIC), according to Louise Macaulay, a senior executive of the regulator’s financial advice team. The term robo-advice refers specifically to automated financial advice delivered without the involvement of a human adviser, usually through the use of complex algorithms. However, in Australia, the
August 13, 2015
Lump sums versus retirement income: try the nudge rather than enforcement
There’s a fine line between educating investors and coercing – even strong-arming – them into certain patterns of behaviour. Take lump sums. A diverse range of organisations including the Association of Superannuation Funds of Australia (ASFA), CPA Australia, the Actuaries Institute, and the Australian Prudential Regulation Authority (APRA) have all raised concerns about the extent
August 13, 2015
IMAP workshop to guide planning businesses through the ins and outs of setting up a managed account
The ins and outs of integrating a managed account offering to an advice practice will be canvassed in a workshop and webinar produced by the Institute of Managed Account Providers (IMAP), to be held next Tuesday. The workshop and webinar at OneVue’s offices in the Sydney CBD will be led by Claire Wivell Plater, managing
August 13, 2015
