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13 December 2024 • By Laura Dew • 1 min read

Betashares closes range of funds for failing to achieve sufficient scale

Betashares is to close three managed funds and three ETFs after they failed to secure sufficient assets. On 12 December, the firm announced to the ...

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Insignia ‘considering’ acquisition proposal from US private equity player

Insignia Financial has confirmed it has received a preliminary non-binding proposal from a US private equity giant to acquire the firm. In an ASX ...

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Local ETF industry within ‘striking distance’ of $250bn

Having now surpassed the previous YTD flow record, Australia’s ETF industry is maintaining its hot streak. The Australian exchange-traded fund ...

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Kraken crypto exchange operator slapped with $8m penalty

Legal proceedings launched by ASIC have resulted in a pecuniary penalty for Bit Trade. Bit Trade, the Australian operator of the Kraken crypto ...

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US equity allocations reach 16-year high as instos embrace risk

The State Street Risk Appetite Index saw its fourth consecutive month of risk-seeking activity, rising to 0.27 in November. Notably, institutional ...

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MLC Life, Resolution Life Australasia to merge

The two life insurers have announced a merger following the total acquisition of Resolution Life’s Australasian subsidiary by Nippon Life Insurance ...

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Business confidence takes sizeable hit in November

After reaching its highest level since early 2023, business confidence has now fallen back to “well below average”. Business confidence fell ...

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GQG closes fundraising on first private markets fund

GQG Partners has closed fundraising on its initial private markets fund, having raised $145 million. In March, the firm acquired stakes in Avante ...

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Insignia taps global firm to ‘transform’ Master Trust business

Just weeks after the firm finalised the separation of MLC Wealth from NAB, Insignia has entered an agreement to “simplify and transform its Master ...

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Perpetual flags tax blow, revises shareholder proceeds in KKR deal

Perpetual has announced it is in discussions with KKR to assess the implications of a significant tax revision related to its asset sale to the ...

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