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29 August 2024 • By Jessica Penny • 1 min read

Platinum delivers 25% FUM slump amid ‘challenging year’

The firm’s “contrarian” investing approach faced a difficult environment in FY2023–24, it said in its latest financial results. Platinum Asset ...

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Australian Ethical delivers $100m revenue as growth strategy delivers

Australian Ethical is maintaining its FUM hot streak as it seeks to grow the business. In its full-year financial statement for the year ending 30 ...

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Australia an APAC private wealth ‘hotspot’, expert highlights

Australian private wealth investors are looking towards alternatives, new data has revealed. Australia leads the charge for the highest proportion ...

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Apostle adds credit portfolio manager to team

The fund manager has welcomed an experienced portfolio manager to its investment team. Apostle Funds Management has announced the appointment of ...

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Fidelity International Australia names new MD

Fidelity International will see its managing director for Australia depart this month and has appointed an internal successor. Lawrence Hanson was ...

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‘Larger than anticipated’ outflows weigh on Perpetual

The wealth giant has seen a statutory loss for FY2023–24 and provided an update on its KKR deal, which will include the departure of its chairman

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APRA says interaction between private credit and super funds is ‘opaque’

APRA is preparing to launch a stress test to reveal potential “contagion sources”, having found that the interaction between super funds and private ...

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Emerging markets on track to shed laggard status, say professionals

An evolving macroeconomic environment, including US rate cuts, is setting the stage for strong growth from emerging economies. The outlook for ...

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‘Keep the champagne on ice’: Latest CPI data not overly exciting, say economists

Economists broadly agree the RBA is not likely to be overly excited by the latest CPI result. The monthly consumer price index (CPI) indicator rose ...

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New ETF providers aim to disrupt top-heavy market

While a number of firms have entered the local ETP market in recent months, data suggests that Australian investors continue to pour money into their ...

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