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Apr
18
Copying investors via SelfWealth resulted in a 36% return over two years
Australia’s fastest growing online share trading platform, SelfWealth, continues to innovate and provide Australian investors with outperformance. SelfWealth started out in 2012 as a way of providing unique, market-beating trading insights by way of its ‘power of the crowd’ community data. That same community in 2019 is represented by over 60,000 real investment portfolios, which [...]
DETAIL
Apr
15
NAB board member to float AI start-up on ASX
An artificial intelligence start-up founded by NAB board member Geraldine McBride has raised $3 million, led by Perennial Value Management, ahead of an anticipated float later this year. The company, which was founded in 2013 by mother-daughter duo Ms McBride and Amy Johnson, utilises customer data within big energy companies, banks and insurers that has [...]
DETAIL
Apr
12
Bravura circles competitor
The wealth management software firm has made a proposal to acquire another ASX-listed fintech that could value the latter at up to $170 million. Bravura Solutions submitted a non-binding indicative proposal to acquire all shares of GBST Holdings for a $2.50 per share in cash minus a special dividend of 0.35 per share subject to [...]
DETAIL
Apr
02
Deutsche, UBS hired to float Rob Rankin’s ‘$1b-plus fintech’
A trustee and superannuation services outfit has hired two investment banks to prepare the company for an Australian sharemarket float, which its backers hope could value it at more than $1 billion. Street Talk understands Melbourne-based Sargon, which was founded six years ago and has been busily acquiring businesses over the past six months, has […]
Mar
19
Aussie ETF industry breaks another record
Exchange-traded funds (ETFs) have continued on their growth trajectory as the Australian ETF industry broke new records last month, with a monthly funds under management (FUM) increase of $2.3 billion, BetaShares’ February Australian ETF Review has said. This figure eclipsed the previous record set in November 2017, and the industry now stands at $44.8 billion. […]
Mar
19
Splitit: why this payments company is dividing the market
The last time fund manager Dean Fergie’s cycling buddies had such a specific interest in the financial markets was during the bitcoin boom. “Two years ago, everyone was going, hey, what about bitcoin. Now it’s about Splitit – it’s the stock everyone is talking about,” says the Melbourne-based Cyan Investment Management director whose fund bought […]
Mar
12
Aussie online investors grow in Q4, despite volatile markets
Despite a relatively volatile market towards the end of 2018, online traders in Australia were not deterred, leading to an uptick in the population of online investors in the second half of 2018, according to the 2018 2H Online Broking Report by Investment Trends. Specifically, for the six months to December of 2018, the population […]
Mar
07
Saxo launches digital access to Chinese bonds
Multi-asset trading and investment fintech specialist, Saxo Bank has announced the addition of Chinese bonds to its offering, a move which will be expected to further cement its position as a gateway to China for its international client base. In 2017, the firm offered an opportunity for qualified institutional clients in Australia to trade mainland […]
