Paul O’Connell

Qantas Superannuation has become the first Australian fund to outsource foreign exchange (FX) services to an agency provider and expects the decision to save it more than $1 million each year.

Asia is leading State Street Global Investor Confidence Index with a 6.3 point boost, rising to 97.5 from November’s reading of 91.2, and overall global investor confidence rose 3.1 points to 103.9 from November’s level of 100.8.