Happy Monday, everybody, it’s Ainslie right here in a fortunately sunny Sydney with what it is advisable to know to start out the week.
Today’s must-reads:
• Wall Street targets Aussie pension funds
• RBNZ to carry on charges
• The Kiwi golf dilemma
Wall Street has come knocking at Australian pension funds’ doorways, because the world’s quickest rising pool of retirement financial savings appears to hedge its chunky abroad investments. Superannuation funds have ramped up investments overseas in recent years to almost 50% of their holdings. That’s a boon for banks which might deal with the swaps and different derivatives wants.