Australian ETF industry breaks $150b barrier
The Australian ETF industry reached $150 billion in funds under management during June 2023, according to analysis of security exchanges ASX and CBOE by Betashares.
Industry UpdatesJuly 13, 2023
Praemium appoints governance & risk lead, completes executive refresh
Adviser platform Praemium has appointed Rachel Axton as chief governance and risk officer, completing the refresh of the executive team.
Industry UpdatesJuly 12, 2023
Sequoia adds professional services firms in $3.15m deal
In a boost to its licensee services, Sequoia Financial Group has signed a heads of agreement to acquire and merge the businesses of Castle Corporate and Castle Legal.
Industry UpdatesJuly 12, 2023
ASFA urges closure of retirement savings gender gap
Peak body ASFA is calling for the government to close the gap in retirement savings between women and men.
Industry UpdatesJuly 12, 2023
Mason Stevens appoints Toussaint as CFO
Specialist wealth platform provider Mason Stevens has appointed Laurent Toussaint as chief financial officer.
Industry UpdatesJuly 12, 2023
Global equity funds most popular Australian launches
Global equities are the go-to choices for Australian investors, capturing a 22 per cent slice of the pie in the latest 100 funds launched by Equity Trustees.
Industry UpdatesJuly 12, 2023
Managed funds experience $2.8b outflows
Managed equity funds have seen the worst quarter in five years, with outflows across all fund types totalling a net $2.80 billion in Q2, according to the latest Fund Flow Index from global funds network Calastone.
Industry UpdatesJuly 11, 2023
State Street appoints global sustainability head
State Street Corporation has appointed executive vice president Jessica Donohue as head of global investment insights, sustainability, and impact; replacing Rick Lacaille, who announced his retirement earlier this year.
Industry UpdatesJuly 11, 2023
AZ NGA bolsters legal and M&A teams
AZ Next Generation Advisory has appointed Andrew Symes as general counsel and company secretary, and Yasemin Onat as head of mergers and acquisitions.
Industry UpdatesJuly 10, 2023
FAAA appoints marketing & communications manager
The Financial Advice Association has appointed Ben Rutherford as marketing and communications manager.
Industry UpdatesJuly 10, 2023
Super funds return median 8.5pc in FY23
The median balanced option returned 1.2 per cent in June, bringing the annual return to 8.5 per cent for the year to 30 June 2023, according to research house SuperRatings.
Industry UpdatesJuly 7, 2023
Young Australians ‘unrealistic and confused’ about retirement
Australians aged under 35 years old are more “unrealistic and confused” about their retirement future than older generations, according to research from Aware Super.
Industry UpdatesJuly 6, 2023