Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 268 results for "trim"

Bonds raise alarm at fund manager

KANIKA SOOD  |  WEDNESDAY, 3 JUL 2019
A boutique fixed income manager is trying to placate investors over its bets on potentially risky corporate bonds issued by companies owned by a European financier. H20 Asset Management invested in unrated bonds issued by companies related to billionaire ...

Chief economist update: The back-to-back rate cuts Australia has to have

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2019
I have a confession to make, I was a closet "no RBA rate cut in July" speculator, going against the 'Big Four' banks and financial market expectations that it would... cut interest rates by another 25 bps at its July 2019 board meeting. So soon ...

Wealth firm trims Aussie shares

KANIKA SOOD  |  FRIDAY, 14 JUN 2019
A Melbourne wealth firm run by a former NAB Private Wealth executive has trimmed its allocations to Australian shares as it takes a bearish view on midcaps. Hamilton Wealth Management advises on about $500 million for high net worth clients. It took ...

Chief economist update: RBA to take rates to fresh record low

BENJAMIN ONG  |  WEDNESDAY, 22 MAY 2019
Reserve Bank of Australia (RBA) governor Philip Lowe provided the clearest indication yet that the Australian central bank is poised to cut interest rates, potentially at its June 4 meeting. The transcript of Lowe's speech - titled 'The Economic ...

Chief economist update: Low unemployment, low wages growth conundrum

BENJAMIN ONG  |  THURSDAY, 16 MAY 2019
"Annual wages in seasonally adjusted terms grew 2.3% for the third quarter in a row. The main contributors to growth over the quarter were regularly scheduled wage rises in the health care and social assistance and education and training industries ...

Industry fund dips toes in private equity

KANIKA SOOD  |  THURSDAY, 9 MAY 2019
An $8.6 billion industry superannuation fund is gearing up its first private equity play in almost half a decade, as it readies for an environment of lower returns. Australian Catholic Superannuation Retirement Fund chief investment officer Michael ...

Chief economist update: Same challenges, differing reactions

BENJAMIN ONG  |  THURSDAY, 9 MAY 2019
Deemed the sexiest accent in the world by 'Big 7 Travel', it would have been better (dare I say, sexier) that instead of a printed statement, Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr verbally delivered the news that: "The Official ...

Chief economist update: RBA refused to blink in May

BENJAMIN ONG  |  WEDNESDAY, 8 MAY 2019
Nothing. Nada. Zilch. Despite high expectations that it would leading up to its May Board meeting, the Reserve Bank of Australia (RBA) didn't only NOT cut the official cash rate - it kept it unchanged at a record low 1.5% - it also maintained its ...

Colonial First State awards $170m mandate

KANIKA SOOD  |  TUESDAY, 7 MAY 2019
... swapped managers. DWS's Australia and New Zealand passive management business is headed by Caleb Orr. From June CFS will trim its platform fees, in a move it says will save $68 million in annual fees for 500,000 members.

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
... index below target at 1.5% and 1.6% in the year to March, respectively. In his Q&A, chair Powell stressed the decision to trim the interest rate on excess reserves (IOER) to 2.35% from 2.4% was just a "technical adjustment" intended to keep the Fed funds ...