Page 12 - Rainmaker Information News Today

The House of Representatives Standing Committee on Economics has recommended greater disclosure obligations for institutional investors and proxy advisors and for the ACCC to actively monitor common ownership in Australia - all the while sharing little evidence to suggest common ownership results in adverse outcomes.

Attempts to stash funds in hidden superannuation accounts will be thwarted under tough new disclosure laws.

The negative returns for equities in January may not have been the biggest problem for super funds, with the size of the value premium seen posing a significant risk to investors with actively managed growth style portfolios.

Media Super has confirmed the two funds will merge on April 9 and that its members will see their administration and investment fees increase slightly in return for a more comprehensive offering.

Australia’s online investment advisers have been buoyed by Swiss banking giant UBS’s $US1.4 billion acquisition of US fintech Wealthfront.

Hamish Douglass says the fund manager can recover from the shock loss of its biggest institutional client as its shares tank 30 per cent to a six-year low.

The Pinnacle boutique is understood to be pitching two new ESG equities offerings to institutional investors.

New research has found that despite concerns about Australia’s superannuation funds owning a large portion of the share market, their influence is dropping. Publishing house Rainmaker Information’

Vanguard, UniSuper and BetaShares are some of the winners in Money magazines 2021 Best of the Best Awards.

While robo guidance can be a good way to invest at low cost and their use is expected to grow, it is unlikely to replace face-to-face financial advice.