Industry Updates

Global X launches first copper miners ETF

ETF company Global X has launched the Global X Copper Miners ETF (WIRE), believed to be the first of its kind in the country.

Zurich appoints chief information officer

Zurich Financial Services Australia has appointmented Deepak Budhiraja as chief information officer for Australia and New Zealand.

GQG added to CFS platform

The GQG Partners Wholesale Global Equity Fund is now available on the CFS FirstChoice platform.

‘Buy now, pay later’ consultation open

The government has commenced a consultation process for regulating ‘Buy Now, Pay Later’ (BNPL) products.

Gender diversity a priority for fund managers

The 2022 Financial Services Council (FSC) Diversity Survey found 20 of its global and domestic fund manager members want to improve diversity in investment teams.

Fortnum launches business optimisation service

Australian financial services licensee Fortnum Private Wealth has launched a business optimisation service to help advisers materially improve their businesses’ quality, profitability, and capital value. 

Stonepeak and Spirit Super acquire GeelongPort

Alternative investment firm Stonepeak and Australian industry super fund Spirit Super have acquired GeelongPort, Victoria’s second-largest port and a significant driver of the state’s economy.

ASIC places interim stop orders placed on MPG property trusts

The corporate regulator has made interim stop orders preventing MPG Funds Management (MPG) from offering or distributing two trusts to retail investors because of deficient target market determinations (TMDs).

CFS launches sustainable growth fund

Colonial First State (CFS) has released ‘Thrive+’, a new sustainable growth fund to help people invest in a more sustainable way that better aligns with their values and objectives. 

Perpetual head of equities resigns

Perpetual head of equities Paul Skamvougeras has resigned and will be replaced by Vince Pezzullo.

Zurich enters partnership agreement with Wests Tigers

Life insurer Zurich Financial Services has partnered with NRL team Wests Tigers, including sponsorship of the Zurich Centre, a new state-of-the-art training and administrative facility. 

Consumer financial wellbeing slipped slightly over the last year

Savvy, an online financial broker, has released the Financial Wellbeing Report: The Changing State of Australians’ Finances, which reveals the latest findings on how the nation’s population has fared financially over the past three years.

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