Germany’s fiscal expansion may boost economic growth in the long term The ambiguity surrounding US tariffs and their implementation is raising fears among businesses and consumers that could weigh on economic growth over the medium to long term, while having a temporary effect on inflation. Combining this uncertainty with the high valuations in US stocks and the fiscal announcements outside the US, has resulted in the divergence in performances between the US, European and Chinese equities. Amundi presents its latest Global Investment Views.
The ASIC report into death benefit claims revealing the devastating impact of poor industry practices on grieving Australians has again highlighted the pressing need for change. While some funds have taken up the cudgels, others are still playing hardball on improving their service offering.
Ohlsson takes on major role at Evergreen
Michael Ohlsson has become a shareholder and executive director of Evergreen Consultants, the wholesale specialist asset advisory, ratings and research business co-founded by Angela Ashton in 2016.
The firm has expanded rapidly in the past five years, last year launching a separate subsidiary to concentrate on ratings and research for non-mainstream products and managers, which has been an under-researched field. It has also recruited a strategic partnerships manager, Lia Gunawan, who will report to Ohlsson.
Evergreen also recently launched an ESG index known as ‘ERIG’ (Evergreen Responsible Investment Grade index) and an investment portfolio stress-testing tool for financial advisers.
Ohlsson has bought the remaining shares of Evergreen co-founder Brett Baker, who left the firm last September, and will adopt the roles of COO and head of sales. In his funds management career he has been the chief executive of several funds management businesses, including Fidelity International in Australia, and before that held several senior sales positions, including Barclays Global Investors (now BlackRock) where he covered both wholesale, followed by institutional, business.
Ashton has also had a long and diverse career in the investment industry, starting with asset consulting, followed by a senior investment strategy role at QIC and then various assignments for fund managers, financial advisory groups and REs. She will now focus more on her role overseeing investments and research.
Gunawan has held research and key account management roles including managing the commercial relationships between licensees and product providers.
Ashton said in a statement: “Evergreen is going through a significant growth phase… We are committed to providing financial advisers with the solutions they need. We have had a very positive response to our new ratings business as well, Evergreen Ratings.”
Ohlsson said: “Evergreen is shaping a business that is responding to market needs and building innovative solutions for financial advisers and their clients.”
