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

Search Results

Showing 81 - 90 of 9376 results for "Close"

PGIM launches new platform in Australia

ELIZA BAVIN  |  MONDAY, 18 MAR 2024
PGIM Real Estate has expanded its agriculture financing platform into Australia as part of the asset manager's global growth strategy. PGIM said Australia marks the first expansion of its agriculture lending business beyond North America. PGIM Real ...

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
... said. "We also expect mergers between multiple platforms within the same financial services group. There will be pressure to close sub-scale platforms where it is difficult to invest in the technology upgrades needed to attract advisers or respond to ...

Australian Retirement Trust announces new investment strategy and options

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
... members who opened an income account without making an investment choice before 1 July 2024." Investment options that will close are the Super Savings Shares, Australian Shares, Emerging Markets Shares, Property and Diversified Bonds options. "For members ...

Advisers flock to managed accounts, but are very selective

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
... means advisers are only selecting less than 1% of options available. The report revealed managed account advisers allocate close to two thirds (64%) of clients' total assets into a managed account, with the most popular (68%) being multi-asset class. ...

Global dividends reached record high in 2023

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
The latest Global Dividend Index by Janus Henderson Investors revealed global dividends experienced an uptick of 5% on an underlying basis, reaching a record of US$1.66 trillion in 2023. The report revealed the year closed on a particularly positive ...

Centuria raises $50m for new fund

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
Centuria Capital Group has launched a new fund to wholesale investors that targets counter-cyclical opportunities across the property sectors and debt. The Centuria Select Opportunities Fund (CSOF) is a closed-ended unlisted fund targeting a 15% internal ...

Managed account FUM closes in on $200bn milestone

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
According to the latest figures, there is now about $195 billion held in managed accounts - up $33 billion in the six months to December end. The IMAP Census of Managed Accounts FUM shows the total grew by some 20.47% in the six-month period to hit ...

WAM Leaders, QV Equities to merge

ANDREW MCKEAN  |  TUESDAY, 12 MAR 2024
... January, WAM Leaders said it intended to make an off-market takeover bid for QV Equities; associated entities already own close to 16%. It was expected to involve exchanging one WAM Leaders share for every 1.46 QVE shares. The merger would result in ...

Experts issue warning over AI washing

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
Artificial intelligence (AI) is perhaps the most transformative technology since the advent of the internet, poised to herald an unprecedented digital economic revolution. To appear at the precipice of the movement, some are employing deceptive tactics ...

Government consults on options to improve performance test

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... invest, but we understand that this is how some industry stakeholders have viewed them." Submissions for the new consultation close April 19.