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CFSGAM sale clears regulatory hurdlesBY KANIKA SOOD | FRIDAY, 26 JUL 2019 12:22PM
Commonwealth Bank has received all regulatory approvals to sell its global asset management business to Japanese banking giant.
Read more: CBA, Commonwealth Bank, Count Financial, CFSGAM, NewCo, Aussie Home Loans, Banking Corporation, Colonial First State, Financial Wisdom, Jason Yetton, Linda Elkins, Mitsubishi UFJ Trust
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Towards a perfect currency solution
There is a good chance the planned superannuation guarantee increase to 12% will be deferred again as the nation continues to struggle with the effects of COVID-19, according to Mercer senior partner David Knox.
BetaShares' ETF that tracks crude oil futures is once again changing the length of contracts it tracks and is taking extra measures to automatically convert the ETF to all cash if oil futures drop significantly again.
The global fund manager saw its profits tumble 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income.
Chi-X TraCRs and funds will now be offered on a privately owned wealth management platform, granting financial advisers and their clients access to some of the world's biggest listed companies.
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