Australia’s ‘regional hub’ dream stymied by tax system

Managers were attracted to Australia by the size of the domestic investment market, its stable economy and political system, the sophistication of the funds management industry and its accommodating business environment. The size of the investment market, and the skills demonstrated by its participants, were the strongest drawcards. Interestingly, lifestyle was not a major attraction. Other countries in the region also held strong drawcards, chiefly the size of their investment pools, their tax system and rates, and legal and regulatory frameworks. Despite the offers of government assistance being made by other Asia- Pacific jurisdictions, respondents said such help would not be a key factor in their decisions. Opportunity Australia is run by Conexus Financial, publisher of Investment & Technology, and is supported by Austrade.

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As the Magnificent Seven fade, CFS looks further afield for returns

Colonial First State chief investment officer Jonathan Armitage says a shift away from reliance on US mega-cap tech stocks is reshaping portfolio resilience, with emerging markets, private debt and catastrophe bonds helping to drive returns across the portfolio.

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