Betashares has shared which funds and asset class saw the highest volume of ETF inflows in 2023 as it forecasts funds under management could reach $220 billion this year.
A transition of Insignia Financial’s private label to HUB24 has helped the firm’s quarterly platform inflows and number of advisers using the platform.
Two fund managers have identified artificial intelligence and machine learning as trends they are embracing for 2024 which could greatly reward the market leaders.
Hundreds of AFSLs with retail authorisation must now report internal dispute resolution to ASIC by 29 February as the final tranche of the regime’s implementation kicks in, even if they have faced no action.
The excessive levels of cash held in money market funds is poised to fuel a significant rally in risk assets this year, according to Principal Asset Management, but it will take until the second half of the year to kick in.
The FSC and SIAA have recommended against major changes to the income or product values for the sophisticated investor test, despite a spike in eligible investors, as they believe the limits are already sufficiently high.
BlackRock has acquired Global Infrastructure Partners in an $18.6 billion deal while a series of people moves has seen head of Australasia, Andrew Landman, promoted to deputy head of Asia Pacific.
Multiple asset managers including Fidelity and VanEck will now be able to list and trade their spot bitcoin ETFs following the approval of the vehicle by the US Securities and Exchange Commission.
Ushering in a new chapter of growth, the Australian investment platform has announced a key internal appointment as its founder Matt Leibowitz transitions to the role of executive director.
A proposal for ASIC criminal trials to be introduced to the Federal Court has received backlash from the Law Council of Australia, which argues the judges lack sufficient expertise for these types of trials.
