Sovereign wealth funds can’t get enough of emerging market debt because their credit is seen as better than some developed markets, says Goldman Sachs Asset Management.
Investec’s Michael Power: short U.S., long Asia, Australia, Middle East
Investec Asset Management strategist Michael Power’s advice is simple.
Invest in Australia, Asia and the Middle East because Asia is where the global economy’s growth will occur while Australia and the Middle East have the resources Asia needs, says Power.
New ASX liquidity centre, trading system to go live in November
ASX Ltd. will open its new 7000 square meter liquidity centre in Sydney’s Gore Hill on November 21, and a week later launch a product for high-frequency trading.
Bribery putting Australian shareholders’ funds at risk
Some of Australia’s biggest companies are putting their shareholders’ money at risk by not having policies that prohibit bribery, says the Australian Council of Superannuation Investors (ACSI) .
NAB clinches $5bn mandate from Russia’s central bank
Russia’s central bank, which has $533.4 billion in foreign exchange reserves, has appointed National Australia Bank to manage up to 1 per cent, or $5.33 billion, of its assets in Australian cash instruments.
Patrick Webster too busy to meet First State
Patrick Webster, a member of the $30 billion fund First State Super who accessed other member’s account records, is too busy to meet with the fund’s chief executive, Michael Dwyer. First State is not expected to press charges against Webster.
Burton Malkiel would index “vast majority” of superannuation
Burton Malkiel, the Princeton professor who wrote A Random Walk Down Wall Street, would index the “vast majority” of Australia’s $1.4 trillion of superannuation investments because index funds offer better returns with lower cost.
Towers Watson says risk of global depression high
The risks of depression remain high along with sovereign default and hyper-inflation, says consultants Towers Watson.
Dean Paatsch still swimming against the tide
Dean Paatsch has co-founded a governance advisory firm, Ownership Matters, that opened for business yesterday. Paatsch’s co-founders are Martin Lawrence and Simon Connal.
VisionSuper’s Peter Rowe: “Insurance forgotten by trustees”
Australian superannuation funds must develop insurance offerings for MySuper and choice products while rationalising their insurance product model, says Peter Rowe, general manager of business operations at VisionSuper.
QIC Global Real Estate remains diversified in its risk
QIC Global Real Estate, which has a global portfolio of about $8.6 billion, says exposure to different property markets and countries remains its core investment strategy.
Superannuation funds post worst returns since collapse of Lehman
A typical Australian superannuation fund in the third quarter has posted its worst return since the bankruptcy of Lehman Brothers Holdings Inc., says Warren Chant, director of Chant West, a research firm that focuses on superannuation.
