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The top investment funds over the past year

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
... net assets of any product in the top 10 at $565 million, returned 65.6%. The fund invests in companies that are considered "next generation" technology companies. Its biggest holdings are in Alphabet (Google), Apple, and Amazon. Examining sector-specific ...

Quality of retirement does not depend on super balance: Bragg

ELIZA BAVIN  |  FRIDAY, 10 MAY 2024
... buyers who have used the proposed scheme to purchase a first home should be allowed to use the proceeds to purchase their next home rather than having to re-contribute the withdrawn amount immediately back into super. "By eliminating red tape, the policy ...

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... to see more Australians own their own home, raiding super for a deposit would not achieve that. "It's unfair to lump the next generations of Australians with a policy that would only make the housing affordability crisis worse by driving up house prices," ...

Perennial Partners takes over Australian Unity fund

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
... transferring management rights to Perennial, Australian Unity remains a significant investor in the fund and we look forward to its next stage of its growth," he said.

Experts weigh in: Will the RBA hike rates again?

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
... head of Australian economics Gareth Aird said despite the potentially rocky road ahead, the bank is still anticipating the next move will be down. "The board did not reinstate its hiking bias and maintained the neutral stance it shifted to at the March ...

UniSuper outage continues, no cause identified

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
... Finally, UniSuper affirmed that pension payments have not been impacted by the outage and will continue as normal, with the next payment scheduled for May 15 and due in accounts by May 17. UniSuper has been criticised by the Finance Sector Union (FSU) ...

Count renews Iress contract

KARREN VERGARA  |  MONDAY, 6 MAY 2024
... Wealth. The Trading unit now reports into Jason Hoang as part of our global portfolio of Trading & Market Data businesses. "Our next focus for the Managed Portfolio is a strategic review of the businesses within it, which may include moving the UK back ...

Asset managers prioritising product quality: Northern Trust

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
... focused on the quality and accuracy of their products to enhance the investor experience and growing their distribution in the next two years, according to a recent survey of 300 global asset management firms conducted by WBR Insights and sponsored by ...

Crescent Wealth to merge into Russell Investments

ANDREW MCKEAN  |  TUESDAY, 30 APR 2024
Crescent Wealth Superannuation will shut down next month; its members will be moved to the new 'Salaam' division of Russell Investments Master Trust. Following a review by Equity Trustees, the trustee for Crescent Wealth's super fund, an ...

The risks and opportunities in advice: SIAA

KARREN VERGARA  |  TUESDAY, 30 APR 2024
... $135 billion super fund with 647,000 members is conscious of the wave of Australians that will move into retirement over the next 10 years and the significance of how their assets will be managed. "We know that super funds should be providing more advice. ...