Australian 'fundamental' index introduced

Fundamental indexing has received a fillip with the launch of a FTSE index that weights 200 Australian stocks according to the Research Affiliates methodology, which ignores price to focus on ‘fundamental’ factors such as book value, revenue and cash flow.

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…as fund targets risk first, then return

Sharon HicksGESB has split its non-core assets into three new risk buckets as it adopts a more risk-aware approach to its investments, and has invested in private equity secondaries through its private markets program.

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Senior Macquarie Funds Management figure jumps ship

A senior figure in Bruce Murphy’s distribution team at Macquarie Funds Management has jumped ship, joining a global asset manager that will shortly launch a new suite of retail funds.

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Liquidnet smells end of ASX monopoly

One of three applicants to be a market licensee in competition with the ASX, Liquidnet, has welcomed the proposed transfer of financial market supervision to ASIC as a “positive first step”, which Minister For Financial Services, Chris Bowen, confirmed paved the way for new market entrants.

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