print
ASX Ltd. says it will begin offering transactions in the $1 trillion Australian managed funds market on April 15 next year.
The ASX will offer quotations and settlement of managed funds using the ASX’s settlement system.
“Investors and advisers want to come to the ASX to obtain investment products,” says Ian Irvine, head of customer and business development, domestic customer management, ASX.
There are more than 10,000 managed funds in Australia typically offered by financial planners and stock brokers.
Managed funds transactions take place in Europe through Euroclear group and Clearstream, a unit of Deutsch Borse Group.
In the U.S. managed funds transactions occur through the Depository Trust & Clearing Corp.
The “occupy”movement has a woman problemhttp://t.co/9V1VOl2w
White House can’t quite get itself to condemn violence by Egypt military, so urges only “restraint on all sides.” http://t.co/dCy1oFRl
Human rights of women and girls at ‘extreme risk’ in nearly half the countries in the world http://t.co/93YKpnPI<
Custody, administration, settlement and clearing
M&A, joint ventures, new business endeavours
Latest news on superannuation and funds management businesses
Video and audio interviews
Analysis by Brett Cole
News on people in the superannuation and fund management industry including hirings and firings
Superannuation and fund management investment strategy
Trading technology and securities markets news
AMP Capital will acquire $232 million of infrastructure assets that include six new schools in Adelaide. The South Australian Schools Public Private Partnership ... [more]
Leigh Watson, executive general manager for asset servicing at National Australia Bank, is filling a page with doodles with his employer at the ... [more]
In 2009 Adam Hill was in Papua New Guinea, working in a Port Moresby accountancy office by day and coaching rugby union by ... [more]
Superannuation funds are concerned about product compliance around new demands on pre and post-tax reporting of performance, says the chief executive of DST ... [more]
Nick Basile is on the hunt for a replacement. The acting-chief executive of real-estate investor Presima is travelling outside Australia seeking a replacement, ... [more]
PacWealth Capital, a Port Moresby-based investment management and advisory firm, has been given a $1.1 billion mandate by Papua New Guinea’s National Superannuation ... [more]
Congratulations ASX on this step to move towards increased industry efficiency !