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Showing 1181 - 1190 of 3937 results for "Feb"

Former Spectrum Wealth, NAB advisers banned

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
ASIC has permanently banned an ACT financial adviser over dodgy SMSF advice, and banned another from NSW for three years for failing to consider clients' best interests. Jane Myers, an authorised representative of Spectrum Wealth between 2013 and 2017 ...

Chief economist update: No cheers as RBA hits inflation target

BENJAMIN ONG  |  THURSDAY, 30 APR 2020
Mission accomplished! This would have been the Reserve Bank of Australia's (RBA) self-congratulatory exclamation after the Australian Bureau of Statistics (ABS) reported that annual headline CPI inflation accelerated to 2.2% in the March quarter ...

Aussie equities winners, losers revealed

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
... tsunami of investor money, 2020 looked to be on a trajectory for a repeat of a stellar 2019 before the pandemic hit. "On 20 Feb 2020, the S&P/ASX 200 Index reached an all-time (intra-day) high of 7,199," Morningstar said. "But just six weeks later, in ...

Madison sale slated for May completion

KANIKA SOOD  |  WEDNESDAY, 29 APR 2020
OneVue is on track on complete the sale of dealer group Madison next month, the company said in quarterly update released this morning. OneVue took control of Madison Group in early February from Sargon Capital, as the ASX-listed companies tries to ...

Aussie funds bleed $4bn in March

KANIKA SOOD  |  WEDNESDAY, 29 APR 2020
Investors redeemed over $3.8 billion from local managed funds in April, in the largest monthly net outflows on record, according to Calastone. So far, November 2018 has been the only month with material net outflows in Australia as investors responded ...

Pandemic puts pressure on ETF spreads

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
The spreads on many exchange-traded products were wider than usual amid the COVID-19 market crash, with price discovery becoming increasingly more difficult. That's according to ETF Securities co-head of sales Kanish Chugh, who pointed to global equity ...

Chief economist update: Approaching peak isolation

BENJAMIN ONG  |  WEDNESDAY, 29 APR 2020
... 43.0 in March from 26.5 in the previous month and the manufacturing sector no longer contracting in March (50.1 from 40.3 in Feb). No prize for guessing but these improvements came after China relaxed restrictions and re-opened businesses. The rest of ...

Dividends could take years to return: UBS

ELIZA BAVIN  |  TUESDAY, 28 APR 2020
UBS estimates that it may take over three years to return to 2019 dividend payouts due to COVID-19 related cuts and suspensions. UBS equity strategist Pieter Stoltz said, based on UBS forecasts, market earnings per share (EPS) will not return to financial ...

Bitcoin bonanza amid COVID-19 crisis

ALLY SELBY  |  MONDAY, 27 APR 2020
The investment world's underdog has seen a surge in interest since it hit rock bottom in March, outperforming the US market indices by a mile. Bitcoin, which started the year rising from US$7500 to US$10,5O0, fell just as badly as every other asset ...

Melbourne hedge fund quietly folds

KANIKA SOOD  |  FRIDAY, 24 APR 2020
A Melbourne fund manager started by former founders of RBS Morgan's ultra-high-net-worth division and backed by a family office is currently in the process of winding up. Qato Capital had three funds, in market neutral, long/short fund, and active share ...