Fund Product Update

Iress launches digital advice tool SuperSmart

Iress’s new digital financial advice tool, SuperSmart, has been launched, with two organisations the first to take it on - Hostplus and Industry Fund Services. SuperSmart offers personalised digital advice and member education for members with simple needs.

Tiger Brokers launching AI investment assistant

Online brokerage platform Tiger Brokers is launching its artificial intelligence investment assistant. The AI assistant, TigerGPT, offers market analysis based on financial data and resources at Tiger, along with company profiles, data, investor education and market and stock insights. TigerGPT is currently in testing and will be rolled out to the Tiger Trade platform soon.

Global X launches ex financials and resources ETF

The Australia ex Financials & Resources ETF has been listed, offering access to Australia’s top 100 companies with exclusions of financial, energy and mining sectors. The exchange-traded fund (ETF) tracks the Solactive Australia Ex Financials Materials and Energy Capped Index.

Pengana launching global private credit funds

After joining forces with major Pengana Capital Group shareholder, Washing H. Soul Pattinson (WHSP), several global private credit funds are being launched. WHSP offered $200 million in seed funding for the portfolio.