The boutique fund manager has hired a former Citi director. Alphinity Investment Management has appointed Chris Willcocks as portfolio manager in an expansion of the boutique fund manager’s globa
<h2 class="monthlyHighlight subHeader"><span style="font-size: small;"><span class="spanHeading">Highlights</span></span></h2>
<p class="spanHeading"><span style="font-size: small;"><span class="spanHeading">- Securities Market</span></span></p>
<ul>
<li class="spanHeading"><span style="font-size: small;">The average daily turnover in January 2022 was $128.6 billion, an increase of 9 per cent when compared with $117.8 billion in December 2021.</span></li>
<li class="spanHeading"><span style="font-size: small;">The average daily turnover of L&I Products in January 2022 was $1.2 billion, an increase of 9 per cent when compared with $1.1 billion for the same period last year.</span></li>
<li class="spanHea
Australian shares edge higher; Pendal appoints Deborah Page as chair; Adbri extends lime supply agreement with Alcoa; Australian Ethical’s FUM climbs 6pc in Dec quarter; Prospa’s first-half revenue jumps 41pc. Follow the latest here.
Quarterly reporting reveals the withdrawn mandate accounted for $23 billion of funds under management and first-half performance fees will be just $11 million.
<h2 class="monthlyHighlight subHeader"><span style="font-size: small;">HIGHLIGHTS</span></h2>
<p><span style="font-size: small;" class="spanHeading">- Securities Market</span></p>
<ul>
<li class="spanHeading"><span style="font-size: small;">The average daily turnover in 2021 was $166.7 billion, an increase of 29 per cent when compared with $129.5 billion in 2020.</span></li>
<li class="spanHeading"><span style="font-size: small;">The average daily turnover of derivative warrants in 2021 was $11.2 billion, an increase of 23 per cent when compared with $9.1 billion in 2020.</span></li>
<li class="spanHeading"><span style="font-size: small;">The average daily turnover of ETFs in 2021 was $6.6 billion, an increase of 35 per cent when