On this episode of the Daily Financial Services News Wrap, Paige Estritori discusses a major shift towards investment in hedged international equity Exchange Traded Funds (ETFs), stimulated by market volatility and geopolitical uncertainties. A trend symbolised by a 162% rise in global equity ETF inflows, outstripping gains in Australian equity ETFs. She then dives into the repercussions of the recent Australian election on the financial sector, focusing on the Australian Labor Party's divisive law on unrealised gains exceeding three million dollars. Despite eased US-China tariffs, potential changes in interest rates in Australia are animating discussions among economists. Lastly, she covers a significant ruling by the Australian Financial Complaints Authority in a car theft case against insurer Auto & General Services, reinforcing the need for clear evidence in fraud claims.
