POWERED BY MOMENTUM MEDIA
Japan ties open new doors for fund managers
Australian funds managers will gain cross-border access, and the financial services sector will benefit from the Japan Australia Economic Partnership Agreement (JAEPA), the Financial Services Council said (FSC).
Following the announcement of details of the JAEPA, FSC CEO John Brogden said Australia and Japan will “mutually benefit” from increased trade in financial services.
“Japan and Australia have large and mature financial services markets,” he said.
“Japan has an ageing population and one of the world’s largest financial services markets. It is a significant trading nation for Australia.”
Fund managers who provide investment advice, portfolio management services and trade in wholesale securities transactions can get cross-border access.
He added Australian fund managers can now deliver financial products and open doors to business in emerging financial services sectors in Japan.
“Initiatives like the Japan Free Trade Agreement and the Murray Review will help deliver outcomes that facilitate Australian financial services exports to Asia and an export-oriented and globally competitive Australian financial services industry,” he said.
The free trade agreement was locked in by Prime Minister Tony Abbott and Japanese Prime Minister Shinzo Abe in April after seven years of negotiations.
Brogden said this agreement and the Murray Review would help with Australian financial services exports to Asia and promote a globally competitive Australian financial services industry.
Recommended for you
New research has shown that investing in alternative assets and using active management has, to this point, delivered strong results for Australian super funds.
Australia’s $4 trillion superannuation industry is fundamentally reshaping the nation’s external accounts, setting the stage for a more sustainable current account surplus despite weaker commodity markets.
Rest has expanded its portfolio of renewable energy infrastructure by supporting a Victorian solar farm and battery project.
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
