The Australian Foreign Exchange Committee and the Australian Financial Markets Association have announced a new method and timing for calculation of the Australian dollar reference rate.
WM Reuters, an independent provider of foreign exchange rates, has provided access to its hourly calculations of reference rates for global currencies. From July 1, valuations of the Australian dollar against the US dollar will be published electronically twice daily, at 10am and 4pm. The WM Reuters Australian Fix 10am rate will replace the Hedge Settlement Rate, which was published each morning at 9.45 am Sydney time.
Investment Strategy
Investment managers push back against funds’ lofty climate commitments
While super funds are enacting greater disclosures and driving change around climate risk, some investment managers are still dragging the chain, according to activist lawyer David Barnden.
Investment Strategy
Smart ESG investing means engaging not divesting: Mercer’s Willment
Responsible investing is not about divesting companies with poor ESG ratings according to Mercer’s Kylie Willment, it’s about engaging for change and intervening by using shareholder votes if necessary.
Investment Strategy
PRI signatories outperform non-signatories
Asset owners that are PRI signatories had higher returns and lower costs than non-PRI signatories over a five-year period according to analysis by CEM Benchmarking.
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