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Showing 1031 - 1040 of 2952 results for "August 2012"

MLC shuts down $28m fund

KANIKA SOOD  |  TUESDAY, 20 AUG 2019
MLC has shut down an international equities fund as it faced the prospect of increasing management fees on the relatively small funds under management. The MLC Wholesale Hedged Global Share fund was terminated effective August with about $28 million ...

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
A Japanese insurer that owns about 16% of Challenger has received the green light from the Treasury to increase its stake in the company. In March, MS&AD announced its intention to take its stake in Challenger over 15% and seek board representation. ...

SSGA global equity beta head retires, promotes two

KARREN VERGARA  |  FRIDAY, 16 AUG 2019
State Street Global Advisors has made two executive promotions as its local managing director and global equity beta lead exits the company after two decades. SSGA confirmed that Susan Darroch has retired as the senior managing director and head of ...

Chief economist update: Will Australia avoid another global recession?

BENJAMIN ONG  |  FRIDAY, 16 AUG 2019
A recession is coming! Worries over a global recession are everywhere! Financial market investors are seeking safety - exiting equity markets and queuing to purchase longer-term bonds (despite their low, and in some, negative yields); the US dollar ...

Industry fund overhauls fee structure

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
A $5.6 billion superannuation fund has made a number of changes to its fee structures. EISS Super introduced a new fee structure on August 12, advising members that it regularly reviews fees and costs. On August 1 however, it did not charge investment ...

State Street ETF in franking credit kerfuffle

KANIKA SOOD  |  THURSDAY, 15 AUG 2019
Investors and financial advisers were left confused when the almost $4 billion SPDR S&P/ASX 200 Fund (ASX: STW) failed to pay out any franking credits with June's year-end distribution for the first time in its 18-year-long history. State Street paid ...

Plato to raise $200 million

KRISTI CHENG  |  THURSDAY, 15 AUG 2019
Plato Investment Management has announced a $200 million entitlement offer for its fund, Plato Income Maximiser (PL8). In response to increasing investor demand for dividend payments as a replacement for their cash and fixed interest income, Plato will ...

Court dismisses Westpac lending practice case

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
The Federal Court has dismissed ASIC's case against Westpac, alleging it breached responsible lending practices for home loans. ASIC alleged that between December 2011 and March 2015, the bank failed to properly assess whether borrowers could meet repayment ...

Chief economist update: Greater than the Great Recession of 2008

BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
You know the world's in trouble when the Fed starts contemplating negative interest rates... and then some. "There are other types of policies that probably aren't getting as much analysis. But one is negative interest rate policies. Those are ...

AFA names education award finalists

KRISTI CHENG  |  WEDNESDAY, 14 AUG 2019
The Association of Financial Advisers has named the 2019 finalists for its AFA Excellence in Education Award. In its 12th year now, the award recognises "the transformative power of education in advice" and rewards advisers who are "striving for excellence ...