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Proxy advice reforms savage investor outcomes: Morningstar

Josh Frydenberg’s unilateral changes to proxy advice regulation look increasingly unjustifiable. The question that remains is why they were forced through in the first place. The changes, rammed through in late 2021 using regulations powers, will make it nearly impossible for the Australian Council of Superannuation Investors (ACSI) to operate with a requirement that it…

Lachlan Maddock | 14th Jan 2022 | More
Frydenberg’s proxy raid is pure politics

Treasurer Josh Frydenberg has sidestepped the Senate to push through controversial reforms to proxy advice, casting the future of the Australian Council of Superannuation Investors (ACSI) into doubt. The reforms were pushed through using regulations powers in late December, at a time of year when much of the financial press is winding down and after…

Lachlan Maddock | 6th Jan 2022 | More
CBA and Rio flatten ASX, but earnings delight again

All about the Benjamin’s, market flat but dividends galore, Telstra holds, AMP cuts The ASX200 (ASX: XJO) finished flat on Thursday with Rio Tinto’s (ASX: RIO) massive dividend dragging the stock 6.9% and proving too much for a resilient communications sector (+2.3%) to overcome. It was a broadly positive day with more sectors gaining than losing and reporting season ultimately driving…

Investor Strategy News | 12th Aug 2021 | More
  • Tech and health stocks outperform as ASX adds 0.2%

    Market records continue, materials weaker, activity grows in IT sector  The ASX 200 (ASX: XJO) added another 0.2% on Tuesday, with the materials sector the biggest detractor, falling 0.1% under the weight of BHP Group (ASX: BHP) and Rio Tinto (ASX: RIO).  The IT sector continues to surge, adding 1.3%, along with the real estate sector which jumped 1% on somewhat…

    Investor Strategy News | 8th Jun 2021 | More
    Government-prompted proxy wars a solution looking for a problem

    No evidence has been presented to support the need for new proxy advice regulations. Rather, an army of investors have argued against them. So who do the reforms really benefit? The Government is facing an uphill battle on proxy advice changes as industry stakeholders, including the Australian Council of Superannuation Investors, savage proposals that would…

    Lachlan Maddock | 4th Jun 2021 | More
    Fresh highs for ASX200 as stocks gain 1.3%

    ASX joins the record breaking party, A2 Milk drained, Crowning the Star  The ASX200 (ASX:XJO) finally joined the global party hitting an all-time high of 7,172 points on Monday. The list of constituents trading at similar records also continues to grow, with both BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) up +3.1% and 4.6% respectively, hitting their own all-time highs today as…

    Investor Strategy News | 10th May 2021 | More
  • Worst session in three weeks as ASX slips 0.7%

    Tech sell off weighs on ASX, Challenger downgrades earnings, Latitude finally lists The ASX200 (ASX:XJO) moved further from a record close as a weak global lead and a bevy of early earnings updates sent the market 0.7% lower. The only highlight was the telecommunications sector which added 0.2%, with IT and healthcare falling over 1% each as…

    Investor Strategy News | 20th Apr 2021 | More
    ASX retreats; Qantas, Flight Centre lead travel slump

    ASX falls late, AGL (ASX:AGL) seeking battery approval, coal prices boosted by floods The ASX200 (ASX:XJO) fell into the close ending 0.1% lower, with the materials sector the biggest detractor falling 1.5%. The selling pressure came after one of the key Chinese smelting cities announced curbs on steelmaking operations as they seek to address environmental concerns. This sent…

    Investor Strategy News | 23rd Mar 2021 | More
  • Governance: Raising the bar

    Governance is the pillar of environmental, social and governance (ESG) principles that investors have been actively considering for the longest period of time. This is not surprising, as in some ways, it could be said that governance is probably the most important aspect of ESG. An organisation’s board’s role is to appoint the CEO and…

    Dragana Timotijevic | 27th Sep 2020 | More
    Rio Tinto (ASX:RIO) departures – a win for ESG?

    Rio Tinto Ltd (ASX:RIO) today announced that CEO Jean-Sebastian Jacques; head of iron ore, Chris Salisbury; and head of corporate affairs, Simone Niven, will be stepping down from their roles following the Juukan Gorge incident. While someone losing their job should never been seen as a positive, is this the first high-profile ‘win’ for the…

    Staff Writer | 11th Sep 2020 | More