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AustralianSuper completes build-to-rent-to-own project

KARREN VERGARA  |  MONDAY, 24 JUN 2024
AustralianSuper has completed its first build-to-rent-to-own housing development (BTRTO), located in Melbourne's northwest. Built in conjunction with property developer and operator Assemble, residents have now moved into 15 Thompson Street, Kensington. ...

UBS institutional client coverage lead departs

ELIZABETH FRY  |  MONDAY, 24 JUN 2024
UBS Asset Management's local head of institutional client coverage has exited after almost two decades with the firm. Drew Fowler, who has run institutional coverage for four years, confirmed his departure. Fowler started with the Swiss giant's Australian ...

Morningstar reveals top three undervalued stocks

ELIZA BAVIN  |  MONDAY, 24 JUN 2024
Morningstar analysts have revealed what they believe to be undervalued stocks with sustainable above average dividend payouts to buy and hold for the long-term, with an Australian name making the list. The analysis found Dexus, Telus Corp and Sociedad ...

QIC beefs up energy team

ELIZABETH FRY  |  FRIDAY, 21 JUN 2024
QIC Infrastructure's specialist energy and utilities practice has appointed three new senior executives to originate new investment opportunities. Paul Maguire, Richard Van Breda and Mark Irwin have taken up senior positions within a business that ...

Greece taps BlackRock FMA to build sovereign wealth fund

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
Greece will soon launch its inaugural sovereign wealth fund called National Investment Fund with the help of BlackRock's Financial Markets Advisory. Kostis Hatzidakis, Greece's minister of national economy and finance, affirmed the country's ...

Most traded US stocks revealed

ELIZA BAVIN  |  FRIDAY, 21 JUN 2024
The US share market made a comeback in May after a decline in April following moderating inflation data and weak consumer spending offered investors some optimism that interest rate cuts may be around the corner. Trading data from Selfwealth found Nvidia ...

Ascot Securities hit with infringement notice for 'serious failures'

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
Ascot Securities was issued an infringement notice by the Markets Disciplinary Panel (MDP) in November last year for serious failures, resulting in a $3.1 million penalty and a requirement to enter an enforceable undertaking. However, Ascot chose not ...

Global X cuts management fees

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
Global X ETFs will reduce the annual management fees for its Global X 21Shares Bitcoin ETF (Cboe: EBTC) and Global X 21Shares Ethereum ETF (Cboe: EETH), effective July 1. Both Australian-listed cryptocurrency products will see a reduction from 1.25% ...

Dexus sees $1.3bn wiped from portfolio value

JAMIE WILLIAMSON  |  THURSDAY, 20 JUN 2024
An external revaluation of the bulk of its assets estimates Dexus' book value has dropped some 9% in the last six months. In an update to investors, Dexus said recent draft external independent valuations have resulted in a total estimated drop of about ...

TCorp moves to new OneFund structure

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUN 2024
As previously flagged, the New South Wales government is moving forward with plans to consolidate several separate investment funds managed by TCorp. In September last year, the state government announced it was reviewing the way NSW's investment funds ...