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Chief economist update: Surveys say...

BENJAMIN ONG  |  FRIDAY, 17 APR 2020
If this is as bad as it gets, give me coronavirus everyday (well, hope not). The Australian Bureau of Statistics' (ABS) reported that employment increased (yes, it's up) by 5900 in March and the unemployment rate ticked up by an itsy-bitsy-teenie-weenie ...

Liquid and ready: Cbus

ALLY SELBY  |  THURSDAY, 16 APR 2020
Cbus chief executive David Atkin says his $56 billion industry super fund is in a strong liquidity position to deal with the early super release scheme. And this was the case even prior to the government's Jobseeker payment announcement, he said. "Cbus ...

Australia versus the world

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... more restrictions on its ability to generate economic activity," Kirkham said. Kirkham said it is difficult to get a timely read on the effects of the current set of programmes in order to make an assessment of their success. "What is clear is the multilateral ...

Chief economist update: BOK holds as infections ease

BENJAMIN ONG  |  TUESDAY, 14 APR 2020
South Korea's KOSPI index has rebounded by 26.5% from the coronavirus-induced plunge that saw it hit an 11-year low of 1457.6 points recorded on March 19 this year - reducing its 2020 year-to-date loss by more than half to -16.1% from -33.7%. Similarly ...

What's next for income-focused funds

KANIKA SOOD  |  THURSDAY, 9 APR 2020
As ASX-listed companies wind back dividends, income-focused equities funds will have to look harder for sources of income. Australian companies paid out about $55.5 billion in dividends last year, according to Janus Henderson. On average, between 1917 ...

Will COVID-19 kill the balanced option?

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... are so ambiguous that the issue of what a balanced option should look like becomes almost unresolvable. "For example, I've read experts say defensive assets are those you can easily sell for cash," Dunnin said. "If that was the case it would include ...

Hostplus responds to PDS controversy

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
Hostplus has responded to a series of reports suggesting the fund does not have ample liquidity to handle the government's plan to allow people to access their super early and claims it updated its PDS in preparation for mass redemptions. As part of ...

Chief economist update: Credit ratings downgrades versus fiscal salvation

BENJAMIN ONG  |  THURSDAY, 9 APR 2020
The Bank of Japan (BOJ) acted quickly in response to the coronavirus outbreak. In an emergency meeting on March 16, the Japanese central bank announced it would buy ETFs at an annual pace of ¥12 trillion, double its J-REIT purchases to ¥180 billion ...

FPA launches benchmarking tool

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
The Financial Planning Association of Australia has today launched an online index set to allow financial planners to benchmark the success of their business relative to their peers. In partnership with global market research consultant CoreData, the ...

Not safe to launch: APRA

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... considerations to the community - efficiency, competition, contestability and competitive neutrality," APRA's letter read. "In doing this, APRA is also asked to promote financial system stability in Australia. "Experience has shown that it is challenging ...