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Showing 1021 - 1030 of 7099 results for "June 27"

Fiducian sees record inflows, eyes expansion

JAMIE WILLIAMSON  |  TUESDAY, 16 AUG 2022
Fiducian has recorded an underlying profit increase of 11% and seen record net inflows of $309 million, as it sets its sights on New Zealand, Japan, South Korea and Thailand. Reporting to the ASX, Fiducian said its underlying net profit for the year ...

GQG Partners net revenue jumps 21.3%

CASSANDRA BALDINI  |  THURSDAY, 11 AUG 2022
GQG Partners (GQG) has reported a 21.3% jump in its net revenue, up US$222.7 million from US$183.5 million last year. In its mid-year financial results for the period ending June 2022, it reported a 2.4% increase in funds under management (FUM) sitting ...

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
Commonwealth Bank (CBA) reported its cash net profit has risen 11% to $9.6 billion and its net profit increased 9% to $9.7 billion since last year. The banking giant said home loans, up 7.4%, contributed to the strong earnings as well as growth in core ...

ASIC flags 'significant' IDR compliance issues at super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
An analysis of close to 50,000 complaints made to super funds has found some trustees are failing to adequately record and respond to member complaints. ASIC is currently undertaking surveillance of super funds' internal dispute resolution processes ...

ASIC announces sizeable prosecution list

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
ASIC has prosecuted 10 companies for failing to comply with obligations to lodge financial reports. The regulator announced its sizeable list on Friday and said the prosecutions took place between January 2022 and June 2022. ASIC acted against the Blackgold ...

BlackRock shutters Russia ETF

JAMIE WILLIAMSON  |  FRIDAY, 5 AUG 2022
BlackRock has started the process of liquidating its iShares MSCI Russia ETF. The asset manager intends to commence liquidation of the ETF on August 17 by distributing its current liquid assets to shareholders while retaining a reserve to meet costs. ...

Activus SMAs now available to more advisers

JAMIE WILLIAMSON  |  FRIDAY, 5 AUG 2022
Activus Investment Advisors is making its suite of SMA portfolios available on platform for the first time, partnering with Macquarie Wrap. The Activ-ator range was launched four years ago, comprising multi-asset portfolios with four risk profiles ranging ...

Magellan FUM decline continues but eases

CHLOE WALKER  |  THURSDAY, 4 AUG 2022
The investment manager has taken yet another blow to its funds under management, however the damage isn't nearly as bad as previous months saw. At the end of July, Magellan recorded total FUM of $60.2 billion, down from $61.3 billion the month prior. ...

Adviser banned over early release scheme

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
An Adelaide financial adviser received a five-year ban for advising his clients to roll their super into newly established SMSFs to invest in a company he is a director of and then releasing the money to them in the form of a loan. Antonio Simeone is ...

VFMC names head of equities

JAMIE WILLIAMSON  |  TUESDAY, 2 AUG 2022
Victorian Funds Management Corporation has hired from HESTA to fill the role of head of equities. Stuart Birkett has been an investment manager with HESTA since 2019. Most recently he led international equity and active currency investments but previously ...