Weekly wrap: ASIC releases updated guidance on use of internet

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Companies looking to raise capital quickly and gain market opportunities will benefit from an ease in compliance requirements.
ASIC has released updated guidance to facilitate and encourage the use of internet and other interactive media for making offers of securities. ASIC commissioner John Price said the commission wanted its policies to reflect the fact that investors are increasingly using internet and electronic data devices to receive important information.

ANZ is targeting $2 billion in new lending to support small business expansion and economic growth.
It announced this week that it would make the money available to small businesses over the next 12 months to support Australian enterprise and economic growth. ANZ general manager small business Kate Gibson said that small businesses are the lifeblood of the Australian economy. “We want those thinking of starting a new venture or expanding their existing business to know that we’re committed to backing them”.

Independent ETF research house and Model Portfolio manager AltaVista Research has announced a comprehensive menu-like upgrade to its suite of ETF-only Strategic asset allocation model portfolios.
The SAA Model Portfolio menu is now delivered via two product streams which address a wider range of client investment needs and type profiles. The model specifically caters for differing investable amounts, client risk/age profiles and advisor implementation options across 18 models.

MetLife has announced the launch of MetLife Max - a suite of innovative superannuation products that provide Australians with the opportunity to protect and grow their retirement savings.
The product, which will be distributed nationally through independent financial advisers, has been designed to provide investors with a retirement investment plan from age 45. The products are suited to investors working and accumulating assets, and in retirement.

AMP has made a number of enhancements to AMP Flexible Super, its leading superannuation and retirement product, in order to make it a more competitive and attractive product for customers saving for their retirement.
A new retail insurance offer within AMP Flexible Super, Super Protection, will offer customers more competitive insurance premiums. Super Protection includes cover for Death, Total and Permanent Disability (TPD) and income protection.

Wealth Know How has launched its second economic and market commentary video that discusses the issues in the Ukraine, predictions of a buoyant US and European markets and an analysis of the falling Chinese currency.
The video comes after a survey completed by the website revealed the foremost questions on investors’ minds was current market and economic commentary about national and international events.

For the second consecutive time, La Trobe Financial has won international alternative investment review (IAIR) global awards for excellence in mortgage fund management – Australia.
Winners were chosen through a survey of over 50,000 investors worldwide and then reviewed by a judging panel for the best firms in global finance and global economy with a focus on sustainability.

With growing interest in global equities from Australian investors, the Equity Trustees Dundas Global Equity Fund is now available for investment on the BT Wrap and Asgard platforms.
The fund, which takes a long-only position in 60 to 70 companies with a minimum market cap of US$1 billion, is managed by Edinburgh-based Dundas Global Investors and distributed in Australia by Equity Trustees Limited.
 
 
 
 
 
 
 
 
 

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