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JBWere, in partnership with UBS, has launched two new active fixed income products: the UBS JBWere Australian Credit Fund and the UBS JBWere International Credit Fund, aimed at wholesale clients. These funds provide access to managed defensive assets, responding to a surge in demand for sophisticated fixed income solutions, particularly as Australian investors allocated a record A$6.26bn to managed fixed income funds in the first half of the year. The products will be structured as an Australian Unit Trust and integrated into JBWere’s Multi-Asset Platform, benefiting from UBS AM’s investment expertise and competitive management fees.
JBWere has launched two new active fixed income products in partnership with UBS Asset Management, aimed at wholesale clients seeking defensive investment strategies. The UBS JBWere Australian Credit Fund and UBS JBWere International Credit Fund will provide access to expertly managed portfolios, responding to the growing demand for sophisticated fixed income solutions. These products will be available exclusively to JBWere clients by December 2025, reflecting a commitment to high-quality investment tailored to client needs.
JBWere has launched two co-branded fixed income funds, the UBS JBWere Australian Credit Fund and the UBS JBWere International Credit Fund, exclusively for its wholesale clients. These funds, developed in partnership with UBS Asset Management, aim to provide access to expertly managed defensive assets amid rising demand for sophisticated fixed income solutions. The initiative reflects JBWere's commitment to high-quality investment strategies tailored to client needs, particularly in a favorable market environment for credit products.
JBWere has launched two co-branded fixed income funds, the UBS JBWere Australian Credit Fund and the UBS JBWere International Credit Fund, exclusively for its wholesale clients. These funds, developed in partnership with UBS Asset Management, aim to provide access to expertly managed defensive assets amid rising demand for sophisticated fixed income solutions. The initiative reflects JBWere's commitment to high-quality investment strategies tailored to client needs, with a focus on stability and growth in a complex market environment.
Coinbase faces a $1 billion lawsuit from BiT Global Digital, accusing it of market manipulation by delisting Wrapped Bitcoin to favor its own product, Coinbase Wrapped Bitcoin. Meanwhile, Kraken Australia has been fined $5.1 million for regulatory breaches, including operating without a license. In Vancouver, the city council has approved a motion to explore Bitcoin integration into its financial operations, aiming to become a "Bitcoin-friendly city."
In the latest trading update, a long trade on the Australian dollar against the US dollar faced challenges, nearing a stop loss but ultimately closing with a loss. Despite some negative trades earlier in the year, the overall performance for "Trade of the Week" concluded with a 31.45% return on investment, achieving 21 winning trades against 20 losses while risking only 2% of capital per trade.
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Australia's government is set to develop a National AI Capability Plan aimed at enhancing the country's artificial intelligence industry by upskilling the workforce, attracting investment, and fostering innovation. Minister Ed Husic emphasized the need to strengthen the AI ecosystem and secure supply chains, while the review will assess current support mechanisms and promote AI literacy. However, industry leaders like Simon Bush argue that the proposed timeline until late 2025 is too slow for a rapidly evolving sector, advocating for a quicker review process.
AUD/USD ended last week at 0.6362, down 0.42%, near one-year lows, influenced by the RBA's dovish pivot and strong domestic jobs data. The pair's decline accelerated after the RBA indicated confidence in declining inflation, raising the likelihood of a February interest rate cut to 65%. As the US dollar strengthened due to positive CPI and PPI readings, AUD/USD's volatility continued, with a critical support zone at 0.6370-0.6335. Holding above this level could lead to a bounce towards 0.6450-0.6470, while a drop below may test lower levels.
IG
Most Asian stocks declined ahead of the U.S. Federal Reserve's interest rate decision, with Chinese shares falling due to disappointing retail sales data, raising concerns about the economy's recovery. Japan's market remained stable as the Bank of Japan is expected to maintain current rates, while South Korea's index showed little change following the president's impeachment. Overall, investor sentiment was cautious globally as markets awaited clarity from the Fed amidst persistent inflation concerns.
Bit Trade, the Australian operator of Kraken, has been fined AU$8 million ($5.1 million) for failing to comply with local regulations regarding a credit facility. The Australian Securities and Investment Commission accused the firm of not making necessary market determinations, resulting in significant losses for users. Bit Trade has 60 days to comply with the court's order and cover all associated legal costs.
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