Nuveen has completed its $20 billion acquisition of Schroders and now manages a combined $2.6 trillion in assets under management.

QIC Real Estate has acquired Mambourin Marketplace in Melbourne's west for $53.87 million, making its first convenience retail investment in Victoria as it expands its neighbourhood shopping centre portfolio.

Brookfield-owned Oaktree has achieved its target fund raise of US$2 billion for its Asset-Backed Financial Fund.

Artificial intelligence (AI) helped buoy major US technology stocks in September, masking broader weakness across equity markets as rising bond yields, higher interest rates and surging energy prices weighed on investor sentiment.