Welcome to the latest edition of "Investment Intel: Australia" where we curate essential news, strategic insights, and emerging opportunities exclusively for Asia-based investment managers navigating the Australian market.

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Best wishes,

David Thomas
APAC Financial Services
Email: davidthomas@apacfinancialservices.com

Current News and Insights

BlackRock has acquired Global Infrastructure Partners (GIP) in a US$12.5 billion deal while head of Australasia, Andrew Landman, has been promoted to deputy head of APAC. GIP’s infrastructure projects include the Port of Melbourne, Port of Brisbane and Sydney Airport. Further details can be found here...

The Australian Bureau of Statistics reported a seasonally adjusted unemployment rate of 3.9% for December. While actual employment fell for the month, most economists believe the Reserve Bank of Australia (RBA) will maintain interest rates at current levels throughout 2024. Further details can be found here...

The number of financial advisers in Australia has remained steady at 15,650 with little change from this time last year. In contrast, in 2021 there were 20,667 advisers. The Financial Advice Association Australia (FAAA) is concerned about the stagnant numbers and lack of new industry entrants. Read more here...

According to a survey by a global investment manager, 50% of Australians are worried about their ability to fund their retirement (up from 40% the previous year) amid concerns about cost of living, mortgage debt and medical expenses. This compares to respondents in the UK, US, Ireland and Canada who reported they were more confident about their outlook for retirement. Find out more here or here...