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| | | The Reserve Bank of Australia (RBA) hiked the cash rate to 4.35% as it continues to grapple with subduing inflation. RBA governor Michele Bullock yesterday pushed up the base rate by another 25 basis points, saying that while inflation in Australia ... |
| | | | ... assessing active funds within a category. "Even in categories which are favourable to active strategies, a low survivorship rate will adversely affect the chances of achieving one's return objectives," it said. "It's important to note that, in most cases ... |
| | | | Soaring interest rates bolstered Westpac home and business loan books which ultimately saw the bottom line jump by 26% to $7.2 billion. The major bank's full-year performance to September reaped from $70 billion worth of home loans that transitioned ... |
| | | | ... building costs and other costs, we have seen big blowouts in the program." Elsewhere, ahead of tomorrow's Melbourne Cup rate decision, Chalmers said that the Reserve Bank of Australia (RBA) will independently make a choice off the back of data it's ... |
| | | | ... US$915 billion in 2022, is projected to surge to US$2.3 trillion by 2028, based on a forecasted cumulative annual growth rate of 16.2%. |
| | | | Global funds network Calastone has internally promoted an executive to serve as the new head of its Australian and New Zealand operations. Effective today, Marsha Lee will succeed Teresa Walker, who stepped back from the business at the end of October. ... |
| | | | ... Betashares now has 20 currency-hedged ETFs that collectively hold $2.9 billion in funds under management. "Recent exchange rate volatility over the last several months is a timely reminder of the impact of currency fluctuations on investment performance," ... |
| | | | Frontier Advisors contends that superannuation fund designs inadvertently minimise retirees' income, contravening funds' obligation to provide the best possible outcomes for their members. Statistics show that nearly half of retirees only draw ... |
| | | | ... advisers available to service these people will halve." At the same time, the number of AFSLs has fallen at only half the rate of advisers, coming in at 18%. Interprac, Count, Alliance Wealth, Fortnum, and Lifespan had the largest numbers of new verified ... |
| | | | ... Indigenous small and medium-sized enterprises. "In the next two years, Indigenous business startups will grow at twice the rate of non-Indigenous businesses," he said. "So, from a timing point of view, it's probably the right time to get in." According ... |
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