Islamic financial services provider Meezan Wealth Management has launched a low-cost digital investing solution to remove obstacles to ethical investing for the wider Islamic community in Australia. The portfolio is managed by Lifespan Financial Planning’s investment committee and is underpinned by Melbourne-based investment platform, OpenInvest. Meezan said the solution, called Meezan Invest, would revolutionise the … Read more

Asset manager Amundi has appointed Lawrence Wee as head of institutional sales in south Asia, based in Singapore. Wee brings more than 20 years of experience to the role. He previously worked as regional head of business development and marketing at Asset Management One. Before this, he headed the institutional sales teams at Manulife Investment … Read more

Global dividends grew strongly in 2022, rising 8.4 per cent to a record US$1.56 trillion ($2.31 trillion).  After adjusting for the US dollar’s rise against most currencies and lower special dividends and other technical factors, underlying growth was stronger, at 13.9 per cent. Australian dividends hit $97.7 billion in 2022 – a record in Australian … Read more

The Australian Retirement Trust (ART) has appointed several prominent Australian leaders to its board of directors and investment committee, including the former deputy governor of the RBA. The three appointments bring vast experience from leadership positions in global financial services, investments, and governance roles: Mark Burgess will join the ART board as a director after … Read more

ASIC has launched its first court action against alleged greenwashing conduct, commencing civil penalty proceedings in the Federal Court against Mercer Superannuation for allegedly making misleading statements about the sustainable nature and characteristics of some of its superannuation investment options. In a media release on Tuesday morning, ASIC alleged Mercer made statements on its website about … Read more