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

Search Results

Showing 1011 - 1020 of 6960 results for "March"

Further $1.4bn FUM drop at Magellan

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
... month to April 29. Magellan's funds under management now sits at $68.6 billion, down from $70 billion at the end of March. Almost $1 billion of the loss was seen on the retail side, while institutional funds accounted for about $500 million. Total ...

US Federal Reserve enacts biggest rate hike in 22 years

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
... restoration of price stability. Of note, inflation is at its highest level in 40 years, sitting at an eye-watering 8.5% as of March 2022. However, despite the rate rise decision, markets responded positively to the announcement after Powell quashed speculation ...

ANZ stablecoin amplifies changing operating models

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
... experimentation. According to ANZ bluenotes, the first Australian-bank-issued Australian-dollar stablecoin, A$DC, went live in March. The first payment of A$DC was made through a public, permission-less blockchain transaction that used Fireblock's ...

Hostplus tops super ranks to March

CHLOE WALKER  |  WEDNESDAY, 4 MAY 2022
With an 11.7% return for the year ending March 31, Hostplus' Balanced option ranked first in Rainmaker's latest super performance tables. This same Hostplus option ranks fifth over three years to March 31. Coming in second was Christian Super - My Ethical ...

AvSuper, Commonwealth Super Corporation explore merger

JAMIE WILLIAMSON  |  WEDNESDAY, 4 MAY 2022
... between the two may be streamlined, with both using Mercer as administrator and AIA as group insurer. AvSuper appointed AIA in March, switching from Hannover Life RE as it exited the market.

Future Fund battles challenging markets

CHLOE WALKER  |  TUESDAY, 3 MAY 2022
Future Fund's investment holdings slipped 1.5% over the three months ended March 31, now sitting just shy of $201 billion. In its latest portfolio update, Future Fund saw a return of 11.8% for the 12 months to March 31, exceeding its target of 9.1%. ...

New director joins Rest board

CHLOE WALKER  |  TUESDAY, 3 MAY 2022
... environments further deepens the expertise within the Rest board." The appointment follows the departure of Catriona Noble on March 31.

LGIAsuper reduces fees, adds indexed option

JAMIE WILLIAMSON  |  MONDAY, 2 MAY 2022
... LGIAsuper has reduced fees across most of its investment options, including by more than 30% for MySuper members. Effective March 31, the total of investment and administration fees have been reduced across LGIAsuper's MySuper, Aggressive, Diversified ...

NAB evades AUSTRAC fine for non-compliance

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... Additionally, an independent auditor will report to AUSTRAC annually on the bank's progress, a final report will be ready by March 2025. AUSTRAC chief executive Nicole Rose said the enforceable undertaking aimed to ensure NAB remained steadfast with ...

Investors sweat over inflation, interest rates: Survey

JAMIE WILLIAMSON  |  FRIDAY, 29 APR 2022
... low and concerns over rising inflation and likely increases to interest rates are growing. A survey of active investors in March reveals greater optimism for the Australian stock market than in previous months, with their outlook largely in lock step ...