Industry Updates

Andrea Slattery awarded SMSF Association life membership

Co-founder and inaugural SMSF Association managing director Andrea Slattery has been the first to be awarded life membership by the association.

ClearView divesting managed investments business

ClearView will take a 40 per cent strategic stake in investment technology firm Human Financial in exchange for the former’s managed investment business.

AXA IM aligns compensation of senior executives to its ESG ambitions

As part of its commitment to becoming net zero as a business and investor by 2050 to help the transition to a more sustainable world, AXA Investment Managers (AXA IM) is now including ESG targets in the remuneration of its senior executives.

Yarra Capital Management appoints Apex Group for $100 million fund

Yarra Capital Management has appointed Apex Group to support the Yarra Private Capital Discovery Fund.

AXA IM makes investment advisory committee appointments

AXA Investment Managers has appointed Olivier Blanchard, Nigel Topping, Marie-Christine Korniloff, and Nicolas Loz De Coetgourhang to the advisory committee of its Investment Institute as independent members.

Footy clubs tackling mental health crisis

Zurich Financial Services has launched the 2023 Tackle Your Feelings season with an independent evaluation by Monash University which demonstrates the positive impact and success of the mental well-being program.

BetaShares reduces ASX 200 ETF fee

Fund manager BetaShares is reducing the management fee on its Australia 200 ETF (A200) from 0.07 per cent per annum to 0.04 per cent per annum.

National Advice Solutions convicted of super rollover hawking

National Advice Solutions has pleaded guilty to breaching anti-hawking laws and will pay a $70,000 fine.

Adviser Ratings appoints chief data officer

Adviser Ratings has promoted chief operating officer Chris Williams to the role of chief data officer.

Morningstar, Zenith make ratings and upgrades

Funds from Federation Asset Management and DNR Capital have seen ratings boosts this week. Federation Asset Management’s private equity fund, Federation Alternative Investments II, has been given an ‘approved’ rating by Zenith Investment Partners, who commends the principals’ high calibre and extensive experience.

Pengana launches capital markets division

Fund manager Pengana Capital Group has launched a dedicated capital markets division which aims to connect sophisticated investors with compelling bespoke investment opportunities.

BlackRock reduces fees on two core iShares ETFs

BlackRock Australia has reduced the fees  for its iShares Core S&P / ASX200 ETF (IOZ) and Core Composite Bond ETF (IAF), to 0.05 per cent and 0.10 per cent respectively.

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