With media news and headlines dominated by the deepening crisis in Ukraine, this year’s interim earnings season was dealt an additional driver. All in all, though, it was a relatively good reporting season, with companies cashed-up and the majority recording a profit, with about 67 per cent of companies lifting profits. According to specialist equities…
The Australian Securities and Investments Commission (ASIC) has cast a spotlight on the managed funds industry by commencing surveillance into the marketing of managed funds. The corporate watchdog is looking to catch-out fund managers using misleading performance data and risk representations in their promotional material, whether it be traditional or digital marketing. ASIC Deputy Chair…
The heat is on, and fund managers are sweating up a storm following heavy share price losses as the crisis in Ukraine deepens. Panicked investors have been offloading shares in any fund management company and this seems to be occurring regardless of performance or capital inflows. Chinese stocks are suffering the same fate, whipping up…
Global fixed income manager PIMCO is launching its first ASX-listed Australian investment trust – The PIMCO Global Income Opportunities Trust (ASX:PMX). The fund aims to deliver regular income and attractive risk-adjusted returns by using PIMCO’s best income-generating ideas on a global sector basis. Here are some of the highlights from the fund: ASX Code –…
Following the Senate inquiry and recommendations into the crypto sector, Australia is fast on its way to becoming a leading digital innovation hub in the world, attracting overseas crypto and digital companies alike. This week, FTX, the world’s fastest-growing crypto exchange, announced plans to launch in Australia within weeks. 30-year-old founder Sam Bankman-Fried sank millions…
As the world emerges from the pandemic, economies around the world have re-opened, albeit with record levels of fiscal and monetary stimulus, higher production costs and a global supply chain that has been pushed to its limits. It’s no surprise that inflation expectations are the highest in almost a decade. Inflation should build steadily over…
Evergreen Ratings has given the OurCrowd 50 Fund a “Commended” rating, highlighting the fund’s strong team of venture capital specialists. Evergreen Ratings is a subsidiary of Evergreen Consultants, and is a leading research house specialising in the analysis of higher-risk specialist wholesale funds. Heading up the OurCrowd team is successful venture capitalist Jonathan Medved, who…
Since Covid-19, Australia’s relationship with China has all but soured, with trade relations between the two countries grinding to a halt, except for iron ore. And yes, a sad state of affairs indeed. Many Australian companies with business operations in or exporting to China were hit hard. But as the old adage goes, “as one…
The Principals’ Community, steered by Kon Costas, has received strong support from the independent advisory community after parting ways with BT Financial Group. The sole purpose of the group is to provide support and guidance to AFSL holders that bar any institutional ownership complications. Costas is delighted with the support, saying: “The feedback and support…
The US central bank announced a quarter percentage point increase in its benchmark rate overnight, which was widely expected. For the first time in three years has it increased rates and it expected to keep this going until they reach between 1.75 percent and 2 percent by the years end. Sonal Desai, CIO of Global…
