US$52bn in broad market recovery - Global ETF FlowWatch - April 2020
/ETFs accumulated US$52 billion in April 2020 amid broad recovery in the market.
Read MoreLatin America sees US$12bn net redemptions - Global FlowWatch - April 2020
/Global long-term mutual funds recorded US$42 billion in net new money during the month of April, Latin America suffered US$12 billion in net redemptions.
Read MoreRebound May - US Monthly Fund Highlights - May 2020
/A rebound was seen over May, with active long-term funds gathering inflows of US$20.0 billion after net redemptions of US$18.8 billion in April.
Read MoreFund Company Updates
/LESF Super merging into Member’s Choice
Westpac sells final holding in Pendal Group
ASX rebalancing sees HUB24 and Pinnacle IM drop off
Fund Product Update
/BetaShares launching three currency-hended ETF
Aberdeen Standard launches global small caps fund
CMC Markets launches derivatives platform
Fidelity launches water and waste sustainable fund
Risk People Update
/JBWere welcomes GM of advice and CIO
MLC Life appoints CEO
Risk Regulatory Update
/Super Consumers Australia says strict TPD definitions should go for good
FPA says AFSL system should be replaced with individual registrations
FASEA approves historical coursework
Risk Company Update
/MyPlanner Professional Services in liquidation - Queensland financial advisory group, MyPlanner Professional Services (MPS), has closed its doors after withdrawing its appeal to the Administrative Appeals Tribunal (AAT)
Read MoreEuropean Fund Insights: Redemptions from equity passives cause first weekly outflow since March
/European investors redeemed €6.2 billion from passive equity funds in the week ended May 20th causing the first weekly outflow from the European industry since the last week of March.
Read MoreFund People Update
/QIC appoints executive director
Commonwealth Super appoints new CEO
ATO SMSF commissioner reassigned, replaced
Mercy Super welcomes new board member
Crescent Wealth appoints chief strategy officer
Westpac’s bank loses institutional CEO
ESG Aus and NZ Update
/HESTA going zero-carbon on investments - HESTA is set to make a reduction of the absolute carbon emissions of its portfolios by 33 per cent by 2030.
Read MoreFund Company Update
/Iress buying OneVue
Madison deal signed by Clime IM
GuildSuper chooses Iress as administrator
Fund Product Update
/Magellan launches new ETF
AXA IM closes global equity fund after largest investor withdraws
Plato fund closing
iShares launch fixed income ETFs, BlackRock using ESG screens
ESG Research Updates
/ACCR report reveals members not putting their money where their mouth is on ESG
New research predicts impact investing to boom
Risk Product, Company and Regulatory Updates as at 2 June 2020
/Centrepoint Alliance buys Chant West’s Enzumo
Sequoia buys Phillip Capital Limited customers
AFCA receiving high number of lockdown complaints
Economics Committee hearings on 3 June regarding code breaches
Risk People Updates
/MLC Wealth welcomes chair
FPA announces redundancies
Women are making slow gains on boards, while cultural diversity took a nosedive
/The most recent Board Diversity Index finds women are younger and more qualified, and not in nearly enough board positions.
Read MoreESG Updates
/State Street trust dumps tobacco, weapons
QSuper takes socially responsible option from AMP in-house after investor demand
S&P refines ESG companies, Twitter and Walmart kicked off
ISS ESG launches new impact rating system
Fund Product, Company and Regulatory Updates as at 26 May 2020
/Referral program for super funds, accountants and services with dealer groups launched
Challenger launches new retirement tool
Russell adds new retirement service from fund member research
Martin Currie launches sustainable equity strategy
Saxo Markets launches loyalty program
CBA sells half of CFS
Merging super fund tax relief to stay
Westpac files defence in Federal Court for AUSTRAC allegations
Liquidation funders to hold AFS licences
ERS withdrawals hit $10bn
IOOF settles class action
AMP launches new ESG-focused managed portfolio via MyNorth
Fund People Update
/Challenger appoints GM of retail distribution
VFMC appoints head of equities
Bennelong welcomes distribution head
Frontier Advisors appoints head of technology and operations
SuperConcepts loses SMSF technical services executive
