POWERED BY MOMENTUM MEDIA
(March-2003) Electric ballot boxes turned on
JPMorganInvestor Services has responded to the growing focus on corporate governance by launching a global proxy voting service.
The service offers clients a web portal for agenda notifications and voting instructions, online standing instruction maintenance, online vote activity reporting, 24-hour customer service and online access to issuer-driven information.
Obligations on institutional investors to vote their proxies continues to grow. In the US, the Sarbanes-Oxley Act was recently passed and the Securities and Exchange Commission now requires mutual funds to disclose proxy votes and voting policies.
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Australian super funds have delivered mixed results in the latest global rankings, with industry funds climbing, while government schemes fell sharply.
The Future Fund posted a $27.4 billion increase in value to $252.3 billion, driven by strong equity markets, resilient private market investments, and strategic portfolio shifts to anticipate changing global trading conditions.
The fund has introduced new portal features for advisers, streamlining administration and enabling quicker, more convenient client authorisations online.
APRA-regulated funds have reportedly raised concerns with the government over Division 296, as news of potential policy tweaks makes headlines.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
