AMP ORD
ETFs surge as passive investment overtakes active management in Australia
One of the big trends in Australia – and the rest of the world – has been the triumph of passive investment vehicles such as exchange traded funds over the traditional fund managers and their star stock pickers. In Australia ASX figures show that ETF investment hit an amazing $200 billion towards the end of […]
AMP sparks controversy in the superannuation sector by buying Bitcoin
The pioneering decision by AMP Super to make an investment in Bitcoin has really set the cat among the pigeons in the superannuation sector. While AMP (ASX: AMP) will conceivably get a marketing and first mover advantage by fulfilling strong investor appetite for the crypto asset, the move has already ignited a strong reaction from […]
AMP to divest advice businesses in JV deal with Entireti and AZ Next Generation Advisory
AMP Ltd (ASX: AMP) has announced it will divest its advice businesses including Charter Financial Services, Hillross Financial Services and AMP Financial Planning, as well as Jigsaw Advice Solutions, to Entireti Services and AZ Next Generation Advisory (NGA) for $10.2 million. Consideration for the deal will be paid 70% in cash and 30% as AMP’s […]
IGO JV acquires Essential Metals, AMP-Dexus deal delayed and Fortescue CFO resigns
IGO (ASX: IGO) and joint venture partner Tianqi Lithium Corporation (TLC) have agreed to acquire Essential Metals (ASX:ESS), in a deal valued at $0.50 per share. Tianqi Lithium Energy Australia is a joint venture between TLC, which holds a 51% stake, while IGO owns the remaining 49% interest. IGO’s acting chief executive officer Matt Dusci […]
