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1 week ago | 
financialnewswire.com.au | Patrick Buncsi
The Trump Administration’s temporary pause on its ‘Liberation Day’ tariffs – which introduced a minimum 10% to up to 49% impost on goods from more than 50 economies worldwide – is unlikely to be extended nor change drastically in this time, says European investment juggernaut Amundi, with Asia’s emerging markets (EMs) to bear the worst consequences of the trade war.
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1 week ago | 
financialnewswire.com.au | Patrick Buncsi
Investors appear to be holding their portfolios steady despite a significant proportion acknowledging mounting geopolitical risks. A snap poll of more than 160 institutional investors worldwide, conducted by London-based investment consultancy group Bfinance, found that most have not altered their strategic positions in response to the current trade war-driven economic maelstrom.
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1 week ago | 
financialnewswire.com.au | Patrick Buncsi
Chartered Accountants have expressed an overwhelming desire to leverage artificial intelligence (AI) technologies, given the opportunity, a new report by industry association Chartered Accountants Worldwide (CAW) has found, though a significant skills gap is hampering adoption and leaving many unprepared for technology’s potentially transformative impact on the sector.
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1 week ago | 
financialnewswire.com.au | Patrick Buncsi
VanEck has announced the launch of two new funds for Australian investors that tap traditionally hard-to-reach markets for retail investors. The new-to-market offerings include the VanEck Australian RMBS ETF (RMBS), a residential mortgage-backed securities strategy, and a new India growth fund (GRIN). The RMBS fund invests solely in AAA-rated Australian residential mortgage-backed securities.
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1 week ago | 
financialnewswire.com.au | Patrick Buncsi
Quant investing specialist Acadian Asset Management has launched a new emerging markets equity fund for Australian investors, leveraging the firm’s expertise in systematic, or ‘quant’, investing. The Acadian Enhanced Emerging Markets Equity (Class A) fund, built for wholesale investors, seeks out risk-adjusted, long-term returns.
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1 week ago | 
financialnewswire.com.au | Patrick Buncsi
GSFM, together with fund manager partner Munro Partners, has launched a new climate-focused wholesale portfolio investment entity (PIE) fund into the New Zealand market, following the fund’s 2021 Australian debut. The long-only Munro Global Growth Climate Leaders PIE Fund boasts a concentrated portfolio of between 15 to 25 high-quality global growth and climate change-focused equities – those, GSFM says, that will reap the benefits from the global structural shift towards a low-carbon economy.
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1 week ago | 
financialnewswire.com.au | Patrick Buncsi
The crypto market continued its post-tariff collapse, dropping 4.4% in March, amid escalating trade tensions and ongoing uncertainty around a potential Fed rate cut, with market sentiment on cryptos sinking to a new low. The March drop continues the crypto sector’s February price slump, which saw the sector lose 20.2% in market cap, leading crypto exchange platform Binance revealed in its latest monthly market update.
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2 weeks ago | 
financialnewswire.com.au | Patrick Buncsi
HUB24 has added five new portfolio managers to its Discover menu, with Dimensional, State Street, Russell, Infinity, and MLC joining the simplified investor platform. Advisers and their clients will now have access to portfolios from 13 portfolio managers (PMs), including AZ Sestante, Betashares, Blackrock/iShares, Elston, Lonsec, Morningstar, Vanguard, and Zenith, in addition to the five new PMs, through Discover.
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2 weeks ago | 
fst.net.au | Patrick Buncsi
Policymakers should reconsider the requirement for Payday Super to be run through the New Payments Platform (NPP), with warnings sounded over unresolved gaps in the fast payments rail’s functionality and untested B2B payments capabilities. Super industry payments and data standards authority the Gateway Network Governance Body (GNGB) has urged the Government to delay the addition of Payday Super to the NPP, allowing “more time to mature and develop sustainable solutions”.
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2 weeks ago | 
financialnewswire.com.au | Patrick Buncsi
The financial services watchdog has issued nearly $100,000 in fines to three Australian advice firms for providing personal advice through unregistered advisers. The two Queensland-based advisory firms, Australian Advice Network and Sherrin Partners Services, and one NSW-based firm, IA Advice, last month paid out $31,300 in fines that were issued by the Australian Securities and Investment Commission (ASIC).
