MM Newsletter
  18 August, 2021
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Latest News
Money Management Original
Regulatory investment a 'good faith' move
Having suitable breach reporting systems will go a long way to show licensees are pro-actively dealing with regulatory changes to the corporate regulator, even though it aims to take a ‘reasonable’ approach to the transition.
Money Management Original
Magellan moves away from global equity dominance
While the Magellan Global fund is over $14 billion in size, the firm is trying to actively diversify its business away from purely global equities.
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Making bonds work harder in 3Q21
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Industry News
Advised client portfolios gain 5.2% over non-advised peers
Opting to seek advice and stay invested during the pandemic has seen a portfolio of $250,000 grow by as much as $40,000, according to Russell Investments.
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Money Management Original
Evergreen launches ESG index
The Evergreen Responsible Investment Grading index grades funds across all seven different capabilities on the environmental, social and governance spectrum from screened funds to impact investing.
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Money Management Original
Pengana international funds re-rated after manager change
Pengana Capital has received two ratings for its international funds after being put ‘on hold’ and seeing redemptions following the departure of two portfolio managers.
Industry News
Super portfolio disclosure draft regulations released
The Government has included changes to the way portfolio holdings should be organised and what format they should be displayed in.
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Industry News
Aussie wealth management amounts to $3.06t
The wealth management market has seen a growth of $266 billion during financial year 2020-21 despite the overall share in the financial services market declining by 0.9% points, according to Roy Morgan.
Industry News
ATO open for SMSF member increases
Trustees of self-managed superannuation funds will now be able to add a fifth and sixth member, after the Australian Taxation Office suffered administrative delays.
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Industry News
Magellan profits fall but AUM passes $100b
Magellan has seen its net profit after tax fall 33% in the last financial year but funds under management have risen 9% to pass $100 billion.
Industry News
Class sees NPAT fall, acquires Topdocs
Class’ net profit after tax fell 46% after the firm offloaded its investment in managed account service, Philo Capital, and has acquired legal documentation software provider Topdocs.
Features
Money Management Original
When practice management gets tough
Running a financial advice practice has never been harder, Jassmyn Goh writes, and advisers must find efficiencies and restructure their revenue sources to deliver their desired service.
Money Management Original
Taking an alternative look at property
With the outlook still uncertain for retail and office sectors, Oksana Patron explores where fund managers are finding their alternative property exposure.
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