GQG has seen funds under management rise by almost US$4 billion, thanks to net inflows and strong investment performance.
Data from think tank the Australia Institute has found massive disparity among income earners, with the bottom 90 per cent of Australians receiving just 7 per cent of economic growth per person since 2009.
The recent write-off of Credit Suisse’s AT1 capital notes has made the asset class more lucrative for investors, according to Robeco.
Almost half of the Association of Financial Advisers’ board and leadership team have opted to leave as the organisation transitions to the Financial Advice Association of Australia.
Senior economist Diana Mousina has been promoted to the role of deputy chief economist, working alongside Shane Oliver.
SG Hiscock has announced management changes to the abrdn Australian Equity funds following the announcement of a strategic partnership between the two firms.
Vanguard has cut fees on its Australian fixed income ETF as Australian bonds post their highest quarterly return in a decade.
The RBA remains open to further rate tightening amid speculation of an end to the cycle.
Challenger has announced it will sell its Australian real estate business, CRE, to Elanor Investors Group for $42 million.
If all FPA/AFA members join, over half of the Financial Advisers Register could be members of the new FAAA and the organisation will have to work to meet the needs of the various different licensees.
