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16 October 2023 • By Jon Bragg • 1 min read

Magellan ‘well-positioned for success’ despite FUM losses, says chair

Andrew Formica, the recently appointed chairman of Magellan, has written to shareholders ahead of the fund manager’s annual general meeting next month

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US inflation data suggests another rate hike likely

New CPI data from the US released on Thursday has provided further evidence to support the case for an additional interest rate hike by the Federal ...

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Market volatility tugs at Australian ETFs despite robust inflows

Strong inflows failed to offset a decline in asset values during September, resulting in a fall in funds under management for the local ETF industry

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Perpetual turns net outflows into inflows

Outflows have turned to inflows in Perpetual’s asset management business. Perpetual’s assets under management (AUM) held steady over the September ...

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Aussie equities ‘back in favour’ as rates stabilise

A renewed level of interest in equities is among the major trends identified by Vanguard in the Australian ETF space. The stabilisation of interest ...

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HSBC tips sustained consumer spending ‘squeeze’

An extended period of elevated inflation, higher interest rates, and a heavier tax burden will likely underpin a prolonged drag on household ...

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US equities buoyed by dovish Fed remarks

Recent remarks from Federal Reserve officials are supporting speculation of an end to the central bank’s monetary policy tightening cycle

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IMF still ‘optimistic’ despite downgrade to global outlook

A global economic research group is “not convinced” by the IMF’s latest assessment of the global economic outlook. The International Monetary Fund ...

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‘Lacklustre’ start to FY24 as managed fund flows plummet

Calastone has reported weak inflows for managed equity funds during the first quarter of the financial year amid significant market volatility

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Investors urged to ‘stay level-headed’ as headwinds mount

The latest flare-up in geopolitical tensions has cast a new shadow over the outlook for global markets, but barring a multinational spillover, the ...

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