Brian Thomas, well-known Australian funds management marketer, has been let go at Perennial Value, the quality Aussie equities shop. He had been at Perennial for more than 11 years, and before that made a name for himself at Macquarie and Credit Suisse. The redundancy is another indicator of how everyone, it seems, needs to re-invent… [Read More…]
Archives for 2018
Blue bank cedes ground to ASB in retail funds battle
ANZ Investments has seen its retail fund market share slip by 0.6 per cent over the 12 months to September 30 last year despite posting double-digit growth during the period, according to the latest figures from Australian researcher Strategic Insight (SI). The SI data shows ANZ owned 28.6 per cent of the almost $90 billion… [Read More…]
AFA population stagnant as new law looms
The number of authorised financial advisers (AFAs) has remained static over the last two years, new data from the Financial Markets Authority (FMA) reveals. As at January 1 this year the FMA lists 1,861 AFAs – exactly the same figure as in February 2016, according to an Investment News NZ study (IN NZ) produced that… [Read More…]
Vontobel builds on fixed income presence
Vontobel Asset Management is building its capability to push further its fixed interest strategies in Australia and New Zealand, with the recruitment of experienced marketer Andreas Faeste, as senior relationships manager, based in Sydney. Until recently, Faeste operated as a third-party marketer in Australia, representing Voya Investment Management, and prior to that providing sales consultancy… [Read More…]
Expanding opportunities but NZ Super full for now
The local ‘expansion capital’ sector has delivered handsomely for the NZ Superannuation Fund (NZS) but no further allocations are on the immediate horizon, according to chief investment officer, Matt Whineray. Whineray said the $37.4 billion sovereign wealth fund, which has invested about $450 million in NZ expansion capital – or proven companies too small to… [Read More…]
CAPE ‘fear’: why inflation-adjusted PE ratios are important
Cyclically adjusted price/earnings ratios are not a great indicator of short-term equity market performance, but they are a good guide to longer-term behaviour, particularly corrections. And Australia is the most highly correlated of 12 major markets. According to a recent study by Research Affiliates ‘CAPE Fear: Why CAPE Naysayers are Wrong’, many factors have recently been… [Read More…]