Local institutional investors are exercising caution and reassessing their US investment strategies amid growing uncertainty over section 899.
The super fund has cautioned APRA against using its Governance Review as a “misguided way” of dealing with old problems.
Nuclear weapons, the ultimate symbols of destruction, are bad, unless, of course, you’re a super fund quietly growing its portfolio off the back of them.
The Australian Prudential Regulation Authority (APRA) has warned superannuation trustees to lift their game on managing fund expenditure, after identifying shortcomings in how some funds justify spending decisions under the best financial interests duty.
Allowing super funds to have flexibility around board composition and renewal is critical for ensuring boards have the necessary depth of experience and diversity, industry bodies warn.
Just three active asset managers are expected to attract net inflows over the coming year, according to Morningstar, with those specialising in fixed income or private markets best positioned to benefit.
Treasurer Jim Chalmers says the best defence against global economic uncertainty is a more productive economy and a more sustainable budget.
Just before Israel’s strike on Iran and the US bombing over the weekend, institutional investors were reporting their strongest improvement in sentiment for 2025 so far, according to Bank of America, as concerns over trade wars and recession risks had begun to ease.
Treasurer Jim Chalmers has hit back at critics of the Division 296 super tax changes, saying it shows commentators’ aversion to substantive tax reform.
BlackRock has reduced its exposure to Australian and European equities in favour of emerging markets.