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Friday Industry Update 📰 ANZ and global alternatives fund manager Blackstone introduce a multi-asset strategy for high-net-worth investors (HNWI). https://lnkd.in/gFYErVhG Australia climbs to second place in the UBS Global Wealth Report for median wealth per adult, just behind Luxembourg, as global wealth grew by 4.2% in 2023, recovering from a 3% decline in 2022. https://lnkd.in/gy873zmm Cbus Super Fund announces a return of 8.35 per cent for its Growth (MySuper) investment option for the financial year 2024. https://lnkd.in/gfrzkd-P Global X ETFs AU is set to introduce the Australian Bank Credit ETF (ASX: BANK) this month, offering investors access to local banking sector credit by tracking the Solactive Australian Bank Credit Index, which includes senior bonds, subordinated bonds, and hybrid securities. https://lnkd.in/g7upY767 MetLife updates its MetLife Protect and MetLife Protect Super products, adding features like a 60-day waiting period for income protection and bonuses in income protection benefits. https://lnkd.in/ghwVyuJp Spaceship's superannuation offerings deliver some of the best results seen so far, with its flagship product returning almost 20% while the other achieved close to 17%. https://lnkd.in/ejpbrYcg Strong inflows from international equity exchange-traded funds (ETFs) have propelled Australian ETF assets under management (AUM) to surpass the $200 billion mark. https://lnkd.in/gsfp2PYa #News #Wealthmanagement #Investment #Superannuation #Insurance

23rd November 2023 Hong Kong Strong November sets MPF up for a positive end to 2023 Recent change in MPF landscape results in rank reshuffle and reflects confidence in MPF system Key points are as follows: ·       MPF is on track to record its 2nd best monthly gain in 2023. As at 20th of November 2023, MPF’s investment gain was 4.41% (as measured by the MPFR All Fund Performance Index) translating to a year-to-date gain of 1.57% (See Table 1). ·       In absolute dollar terms, November’s estimated investment gain is equivalent to $46.4bn (or $9,900 per MPF’s 4.69m members), returning MPF to a year-to-date gain $15.6bn. ·       After factoring in contributions, total MPF assets are presently forecasted to end November 2023 at approximately $1.114tr (up $63.0bn since beginning of 2023), equivalent to an average MPF account balance of $237,300 (up $13,400 since beginning of 2023). ·       Despite a positive rebound in local equities, HK & China Equity Funds continue to lag. Its year-to-date estimated loss of -9.05% (as measured by the MPFR Equity Fund (HK & China) Index) compared to a gain of 18.17% for US equities (as measured by the MPFR Equity Fund (US) Index) places it on track to underperform US equities for 4 out of 5 recent calendar years (See Table 1). Ongoing return dispersion between local and US equities highlights the importance of diversification.  ·       Pension services focused BCT’s acquisition of the Invesco Strategic MPF Scheme’s sponsorship on 1st of November has raised MPF’s competitive stakes, propelling the mid-tier BCT into a top 5 MPF market share place. The acquisition also highlights BCT’s confidence in the MPF system. #pensionschemes #assetmanagement #hongkongers #mpf #mpfratings https://lnkd.in/gn9G5xAJ

For investors, the opportunity in the Asia-Pacific region is particularly attractive since infrastructure funds and private credit have been slower to develop compared with other regions. Our annual report breaks down how #PrivateEquity firms can bring a smart approach to asset class diversification.

For investors, the opportunity in the Asia-Pacific region is particularly attractive since infrastructure funds and private credit have been slower to develop compared with other regions. Our annual report breaks down how #PrivateEquity firms can bring a smart approach to asset class diversification.

For investors, the opportunity in the Asia-Pacific region is particularly attractive since infrastructure funds and private credit have been slower to develop compared with other regions. Our annual report breaks down how #PrivateEquity firms can bring a smart approach to asset class diversification.

For investors, the opportunity in the Asia-Pacific region is particularly attractive since infrastructure funds and private credit have been slower to develop compared with other regions. Our annual report breaks down how #PrivateEquity firms can bring a smart approach to asset class diversification.

For investors, the opportunity in the Asia-Pacific region is particularly attractive since infrastructure funds and private credit have been slower to develop compared with other regions. Our annual report breaks down how #PrivateEquity firms can bring a smart approach to asset class diversification.

For investors, the opportunity in the Asia-Pacific region is particularly attractive since infrastructure funds and private credit have been slower to develop compared with other regions. Our annual report breaks down how #PrivateEquity firms can bring a smart approach to asset class diversification.

For investors, the opportunity in the Asia-Pacific region is particularly attractive since infrastructure funds and private credit have been slower to develop compared with other regions. Our annual report breaks down how #PrivateEquity firms can bring a smart approach to asset class diversification.

For investors, the opportunity in the Asia-Pacific region is particularly attractive since infrastructure funds and private credit have been slower to develop compared with other regions. Our annual report breaks down how #PrivateEquity firms can bring a smart approach to asset class diversification.