Financial Standard

3 days ago | financialstandard.com.au | Andrew McKean

Perpetual head of investment strategy Matt Sherwood has warned that passive investors banking on a repeat of the past 15 years of very strong global equity returns may be sleepwalking into a decade of disappointment. Sherwood said the past decade of US exceptionalism, marked by the extraordinary run of the Magnificent Seven, has created very strong global equity returns for passive and momentum investors, whereas the rewards from diversification have been meagre.

3 days ago | financialstandard.com.au | Andrew McKean

Former Qualitas duo Manuel Paraskevos and Ethan Dixon have opened Poinsettia Capital, a Brisbane-based advisory and funds management firm that provides tailored debt and equity finance for mid-market residential projects in South-East Queensland. The firm will initially invest in facilities of $5 million to $75 million for land subdivisions, townhouse estates, and mid-rise projects that have pipelines tied to the Olympic Games.

4 days ago | financialstandard.com.au | Andrew McKean

Labor has secured 93 of the 150 seats up for grabs in the House of Representatives, with a few still in doubt - more than Kevin Rudd or Bob Hawke claimed in their maiden election victories - but does this historic win over the Coalition spell bad news for Australia's stock market? History says no. Over the last 45 years, stock market returns have shown little correlation with which political party holds power, according to Morningstar equity strategist Lochlan Halloway.

4 days ago | financialstandard.com.au | Andrew McKean

Prime Super has announced changes to its administration fees and costs, which will take effect from 1 July 2025. For accumulation accounts, the fixed administration fee will decrease from $1.53 per week (subject to a 15% tax rebate) to $1.50 per week, with the tax rebate removed. The asset-based administration fee will fall from 0.588% per annum (0.500% net after tax rebate) to 0.33% per annum, but the annual fee cap will increase from $588 ($500 net) to $825.

4 days ago | financialstandard.com.au | Andrew McKean

The US stock market has returned nearly twice as much as international markets since the Global Financial Crisis, which subsequently resulted in its share of global equity market capitalisation approaching almost 70% by the end of last year. History, however, suggests that this dominance is bound to wane, according to MSCI chief research officer Ashley Lester. The rise of US financial assets relative to the rest of the developed world "is a clear story," Lester told Financial Standard.