ASIC surveillance of managed funds marketing materials has found several instances of inadequate warnings or disclaimers related to performance and downplaying of risks, leading 13 providers to make amendments.
BetaShares and Perpetual are among 13 entities targeted by ASIC as part of its latest crackdown on marketing of fund performance. The corporate regulator has asked fund managers “to do more” to
Well-known fund managers, Perpetual and BetaShares, have been named by the corporate regulator in a list of entities that posted inaccurate marketing material on performance.