Industry Updates

Risk market inflows up 3.7 per cent over the past year

Total risk market inflows have risen 3.7 per cent over the past year from $17.1 billion to $17.7 billion according to research Plan for Life.

ASIC places interim stop orders on two Perpetual Funds

ASIC has issued interim stop orders preventing Perpetual from offering or distributing the Pure Microcap and Geared Australian Share fund to retail investors because of deficiencies in their Target Market Determinations.

AXA partners with St George Community Housing for affordable rental housing

AXA IM Alts has launched its new build-to-rent strategy through a partnership with St George Community Housing (SGCH).

ASIC updates guidance on ETP naming conventions

ASIC has updated its guidance on naming conventions for licensed Australian exchanges that admit exchange traded products (ETPs) following public consultation.

Pearler clocks $500 million invested in CHESS-sponsored holdings

Australia’s long-term investing and wealth management platform, Pearler, has surpassed more than $500 million invested in CHESS-sponsored holdings. 

Wealth funds shift to private markets amid inflation and uncertainty: Invesco

According to the latest Invesco Global Sovereign Asset Management Study, surging inflation has prompted sovereign wealth fund investors to re-examine their asset allocation. Private markets have been the main beneficiaries. 

Financial planners awarded at 2022 FPA Professional Congress

The Financial Planning Association has announced the winners of the 2022 FPA Awards and the Gwen Fletcher Memorial Award at the FPA Professionals Congress in Sydney. 

ASIC sues Block Earner for unlicensed conduct over crypto-asset based products

ASIC has commenced civil penalty proceedings in the Federal Court against fintech company Block Earner alleging it provided unlicensed financial services in relation to its crypto-asset based products and that it operated an unregistered managed investment scheme.

AXA IM Alts appoints new head of client group, Asia

AXA IM Alts has appointed Lu Gao as head of client group Alts, Asia.

Giles Wade appoints WA advisory lead

Boutique investment and tax advisory firm Giles Wales has opened a Perth-based office and appointed Katie McDonald as director of advisory.

Global X launches first copper miners ETF

ETF company Global X has launched the Global X Copper Miners ETF (WIRE), believed to be the first of its kind in the country.

Zurich appoints chief information officer

Zurich Financial Services Australia has appointmented Deepak Budhiraja as chief information officer for Australia and New Zealand.

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