Tag : australia

Apec ministers from Singapore, South Korea, Australia and New Zealand agree to develop a framework to facilitate regional cross-border fund sales in a move that could reshape the industry.

There is growing interest among regulators and exchanges in Asia in the introduction of national tri-party collateral platforms to mitigate against counterparty credit risk.

The average superannuation fund in Australia grew by 14.7% in the last fiscal year, the third highest on record, powered by international and domestic equity holdings.

Australian investors appear to be shunning their domestic mining industry, leaving the sector hoping that Asian firms – particularly private ones – will fill the gap.

Political tinkering with superannuation policy is damaging confidence in the system, says Australian funds association ASFA as it launches a survey to gather industry views.

Despite reducing its exposure to hedge funds, the Australian state investor retains a substantial allocation to the asset class – but is especially keen on equities right now.

The industry welcomes government plans to sell existing assets and reduce barriers to entry that prohibit pension funds from playing a greater role in infrastructure financing.

Compulsory default scheme MySuper and fee-for-advice could have a knock-on impact, while Australia's superannuation industry will increasingly reach out to the region.

Like other institutional investors, Australian’s $82 billion government fund is moving into riskier assets in search of higher returns.

The Australian fund administration firm aims to expand to North Asia and boost its existing operations in Singapore.

Nikko Asset Management stablemate Tyndall AM is offering a new Australian bank loan fund to Japanese investors following a string of cross-selling initiatives.

Australia’s pension fund regulator slashes its projections for MySuper licence applications, indicating many operators may be looking to get out of the game, says industry body AIST.