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Showing 1181 - 1190 of 3901 results for "ASX100"

UniSuper scolds Aussie equity fundies

KANIKA SOOD  |  WEDNESDAY, 21 AUG 2019
The $80 billion superannuation fund had some strong words for its external Aussie equities managers, saying their general underperformance was a "real disappointment" for the year. UniSuper's balanced investment option returned 9.9% for the year, as ...

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 ...

State Street loses biggest ETF title

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
State Street has surrendered its title as the issuer of Australia's largest ETF, as investors withdrew more than $130 million net from its exchange traded products in July. The SPDR S&P/ASX 200 [ASX: STW] fell to $3.9 billion after about $170 million ...

Industry expert to bolster Chi-X capabilities

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 AUG 2019
Chi-X Australia has appointed an industry expert to the newly created position of director of technical account management. Peter Warton steps into the new role form his current position as head of market operations at Chi-X. Chi-X said the new role ...

Magellan posts bumper profits, raising $275m

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
Magellan Financial Group reported a 78% jump in its profit for the financial year ending June and announced a $275 million institutional raise for MFG shares this morning. Magellan's stable of well-performing equities funds are now managing an average ...

Zurich inks exclusive retail distribution deal

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
A Sydney small caps boutique has signed an exclusive retail distribution agreement with Zurich Investments and has also won the mandate to manage Zurich's $60 million small companies fund. Zurich Investments will now be the sole distributor of the ...

Praemium FUA skyrockets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
Praemium saw funds under administration hit $16.1 billion over the last financial year, thanks largely to its off-platform managed accounts service. The ASX-listed platform's FUA shot up 108% in FY19 as a result of launching the Virtual Managed ...

Former financial adviser charged

HARRISON WORLEY  |  TUESDAY, 13 AUG 2019
A former financial adviser who was banned from providing financial services by ASIC in 2018 has been charged with five counts of dishonest conduct. Mark Damion Kawecki has been charged for allegedly using false or misleading information in applications ...

Clime Capital settles class action

KARREN VERGARA  |  MONDAY, 12 AUG 2019
Clime Capital has settled a Federal Court class action in principle for an agreed sum of $8.3 million. Backed by IMF Bentham, Clime told shareholders it was pleased the in-principle settlement has been reached with UGL, a firm that provides engineering ...

ASIC fines Finclear $70,000

KRISTI CHENG, KARREN VERGARA  |  FRIDAY, 9 AUG 2019
Finclear Execution has paid a penalty of $70,000 for failing to comply with on-market buy-back rules. The Markets Disciplinary Panel (MDP) found Finclear contravened market integrity rules in relation to a pre-arranged crossing in April 2018 for an ...