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Showing 101 - 110 of 7539 results for %22June of%22

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... long-running fees-for-no-service class action against AMP was approved by a judge yesterday. The class action was filed in June 2018 and came on the back of misconduct made public by the Royal Commission. An amended statement of claim was filed on 7 ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... annum, while MySuper options, covering the largest number of members, maintains competitive average fees of 1% per annum as of June 30. Rainmaker Information research manager Pooja Antil highlighted that MySuper fees fell from 1.05% to 1.00% over the ...

A-REIT strategies outperform G-REITs

CHLOE WALKER  |  MONDAY, 13 NOV 2023
... total return of both active A-REIT and GREIT managers was less than passive strategies on a trailing 10-year time frame to June 2023. "On the surface, the average underperformance of active strategies relative to passive strategies in both A-REITs and ...

J.P. Morgan readies evergreen solution for wholesale market

ANDREW MCKEAN  |  MONDAY, 13 NOV 2023
... from 33rd to 12th spot among investment managers by a measure of funds under management (FUM), reaching $9.6 billion as of June 2023. Creber attributes the remarkable rise in rankings to the firm's investment performance and differentiated product ...

BlackRock plans to launch Ethereum ETF

ANDREW MCKEAN  |  MONDAY, 13 NOV 2023
... in Delaware to establish an iShares Ethereum Trust last week, while NASDAQ has proposed to list and trade its shares. In June, the $9 trillion asset manager similarly registered a Bitcoin trust, which was closely followed by a filing with the US Securities ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... actual figures had dipped to between 8.01% and 8.51%. This pattern continued in a subsequent series of promotions through to June 2023, with the fund claiming an 8.53% return, despite the actual figures ranging from 7.90% to 8.23% Lastly, a webinar that ...

Adviser levy discount amounts to $8m saving

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
... dated November 3, licensees will likely pay $2818 per adviser. "When ASIC published their estimates for the 2022-23 year, in June, the total cost recoveries for financial advisers providing personal advice to retail clients was estimated at $55.5 million," ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... due to its incorrect classification of retail clients as wholesale clients. This was paid in two tranches, first in May and June 2023 and then in September 2023. The further $4.3 million was paid to more than 1500 retail clients across the other seven ...

Vanguard Super institutes advice fee function, tweaks options

ANDREW MCKEAN  |  WEDNESDAY, 8 NOV 2023
... super fund has disclosed its financial position in a statement, revealing total assets to be approximately $624 million as of June 30. Vanguard Super was launched in November of last year, and a key distinguishing feature of its products is their low ...

Base rate lifts to 4.35%

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
... year-on-year basis. On a quarterly basis, however, inflation climbed 1.2% in the third quarter, outpacing the 0.8% increase in June. "The latest reading on CPI inflation indicates that while goods price inflation has eased further, the prices of many ...