POWERED BY MOMENTUM MEDIA
BlackRock appoints head of iShares
BlackRock has appointed Mark Oliver as head of its iShares exchange traded fund (ETF) business in Australia, reporting to Nick Good, head of iShares Asia Pacific and BlackRock Australia chief executive Damien Frawley.
Oliver was most recently head of strategic partnerships at BlackRock, and has led the firm's institutional and intermediary distribution efforts and overseen consultant and research house relationships since he joined in 2008.
"Demand for ETFs in Australia is increasing at a rapid pace as investors' awareness and understanding of ETFs grow," Oliver said.
"The local iShares business is entering its next phase with the launch of four new Australian ETFs on the [Australian Securities Exchange] shortly. As the leading family of ETFs globally, we will continue to expand the breadth and depth of our product range in Australia to meet the growing demands of investors."
The four new ETFs will increase iShares' offering to 23 ETFs listed on the ASX across domestic and international indices, according to BlackRock.
iShares provides over 460 funds trading on 19 exchanges worldwide, and has around US$534 billion in ETF assets, BlackRock stated.
AUTHOR
Mike Taylor
Recommended for you
Aware Super has made a $1.6 billion investment in a 99-hectare industrial precinct in Melbourne’s North which, the fund clarified, also houses the nation’s first privately funded open-access intermodal freight terminal.
ASFA has affirmed its commitment to safeguarding Australia’s retirement savings as cyber activity becomes an increasing challenge for the financial services sector.
The shadow treasurer is not happy with the performance of some within the super sector, telling an event in Sydney on Thursday that some funds are obsessed with funds under management, above all else.
As the Australian financial landscape faces increasing scrutiny from regulators, superannuation fund leaders are doubling down on their support for private markets, arguing these investments are not just necessary but critical for long-term financial stability.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
