U.S. investment giant Vanguard has launched a pension fund in Australia in a bid to win a slice of the world’s fifth-largest pension fund worth $3.3 trillion (US$2.18 trillion). On Nov. 11, Vanguard announced its new product, Vanguard Super, which will attempt to win over local workers by undercutting its competitors. “As the first new entrant…

Australia’s competition watchdog should receive new powers to stop any potential merger that could see “mega-funds” like U.S. giants BlackRock, Vanguard, and State Street widen control over an industry, according to a parliamentary committee. On April 11, the Standing Committee on Economics in Australia tabled its report examining the influence of the mega-funds, which also…

The Australian federal government is set to examine the power “mega-funds” like U.S. giants BlackRock snd Vanguard, and local super funds hold over the country’s financial sector with the House of Representatives Standing Committee on Economics decision to investigate the issue of “common ownership” and whether it has led to possible collusion between firms. Tim Wilson, a federal…

The Australian federal government is set to examine the power “mega-funds” like U.S. giants BlackRock, Vanguard, and local super funds hold over the country’s financial sector, with the House of Representatives Standing Committee on Economics to investigate the issue of “common ownership” and whether it has led to possible collusion between firms. Tim Wilson, federal member of Parliament…