The ‘mass affluent’ market could be big, but it isn’t big enough for everyone to win
Plus, Natixis and Generali’s tie-up, climate fund outflows, and Ernst Ludwig Kirchner at Lugano’s Museo d’arte
Case relating to collapsed developer sheds light on dealings between property companies and affluent overseas clients
Flows to Vanguard vehicles more than doubled helping it to account for 31% of the total flows of A$30.8bn
Sales fall after four-year boom and sector suffers net redemptions, Morningstar data shows