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The latest in Schroder’s investor research finds we expect a lot from our investments, but when they fail to deliver on our high expectations, we blame ourselves for our action or inaction.
SuperBooster initiative launched for greater super engagement
Recreo announces the launch of cloud-based super admin platform
Milford AM launches open-ended fund
Dow Chemicals super fund and Equipsuper merged
AMP creates new entity after restructure, gets new bosses and a Shonky award
IOOF drops Perennial Value
CommInsure facing $1.8m in penalties for unsolicited sales calls
Economics Committee reviewing super sector
UniSuper welcomes COO
APRA restructure and new appointments
First State Super new appointments announced
Fidelity loses wholesale director
Legalsuper loses CIO
Net new money was led by Asia, followed by Latin America, then Europe, while the US suffered net redemptions in August.
Trade and market uncertainty resulted in significant net redemptions from ETFs worldwide.
A study on 20,000 superannuation fund members found a jump in interest levels when retirement income estimates were provided coupled with the fund member’s current balance.
Zurich Investments signs retail distribution agreement with boutique
Super Life for women to launch
AMP Capital restructuring real estate arm
Westpac wins ASIC ‘test case’
BlackRock welcomes new Melbourne head
Catholic Super and Equipsuper name CEO
LGIAsuper appoints new CIO
Rest super GM leaves fund
CFS hands out redundancies in corporate super distribution team
SSGA global equity beta executive retires
In the U.S., bond ETFs almost tripled the amount of May, with Bond North America alone contributing nearly US$17 billion.
BlackRock saw US$27 billion in net new cash largely due to its best-selling fund, the iShares iBoxx $ Investment Grade Corporate Bond ETF.