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IOOF knocks off rival AMP as 'worst' super provider

ANZ’s discarded superannuation business, now owned by IOOF, has taken out top spot in the annual ranking of ‘fat cat’ funds charging high fees for lacklustre investment performance. ....

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AMP closes Dynamic Markets fund | Money Management

The AMP Capital Dynamic Markets fund, which was recently downgraded by Lonsec, is to close today in light of falling assets under management and poor performance. ....

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2020 was a record year for Australian ETFs

2020 was a record year for Australian ETFs
Emma Rapaport | 08 Feb 2021Text size

If you d told me in March that 2020 was going to be a record year for Australia s ETF industry I d tell you to pull the other one. Assets under management fell sharply in the covid-19 market sell-off, with several major asset classes in decline.
But investors defied expectations, exploiting the free-fall in March to boost their allocation to Australian equities ETFs. A dash to safety also attracted inflows to products with exposure to physical gold, while massive rebounds in US growth companies saw a renewed interest in technology-themed products. In all, 2020 was a standout year for Australian ETFs, which attracted $20 billion in new money. The $100 billion milestone is in sight. ....

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