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Showing 1191 - 1200 of 3879 results for "February"

500 advisers exit during COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
... Adviser Register shows that just shy of 500 financial advisers have left the industry in the last two months. From 27 February 2020 to 23 April 2020 the ASIC FAR dropped from 23,226 advisers (excluding time share advisers and duplicate entries) to 22,733 ...

Dealer group AFSL in limbo

ALLY SELBY  |  THURSDAY, 23 APR 2020
... Tribunal reviews ASIC's decision. It comes after the corporate watchdog suspended the advisory firm's AFS licence on February 12 on the grounds that it had failed to comply with its licensee obligations. ASIC alleged MyPlanner Professional did ...

Chief economist update: Thank goodness for Sorbent

BENJAMIN ONG  |  THURSDAY, 23 APR 2020
They were loathed, yelled at, vilified and even arrested - but the hordes of panic-buyers and toilet paper hoarders that invaded supermarkets, hardware stores, bottle shops, and businesses selling "work from home" wares may have collectively limited ...

Best, worst performing Aussie equities funds

KANIKA SOOD  |  WEDNESDAY, 22 APR 2020
... equities funds that topped and tanked during the March quarter, which ended with S&P/ASX 200 falling nearly 30% from its February 20 all-time high. The quarter saw the main benchmarks for large cap Australian equities funds (S&P/ASX 200 Accumulation ...

Challenger winds up boutique partnership

KANIKA SOOD  |  WEDNESDAY, 22 APR 2020
... clients. The announcement follows Latigo selling its investment management business to New York's Pretium Partners at February end. Latigo co-founders David Ford and David Sabath joined Pretium as senior managing directors, members of the executive committee ...

Why COVID-19 could boost ESG

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 APR 2020
... level was worth around 2.8% of stock performance versus the index during pandemic, Fidelity said. In the 36 days between February 19 and March 26, the S&P 500 fell 26.9%. Fidelity meanwhile found that the price of a share in companies with a high Fidelity ...

Chief economist update: Stimulus measures ease extreme fear

BENJAMIN ONG  |  WEDNESDAY, 22 APR 2020
... 701,000 workers lost their jobs in March and the unemployment rate jumped by nearly a percentage point to 4.4% from 3.5% in February. Based on the IMF's April "World Economic Outlook" report, the worse is yet to come, with the unemployment rate lifting ...

AMP Capital shutters global equities fund for platform investors

KANIKA SOOD  |  TUESDAY, 21 APR 2020
... fund sells underlying assets. The AMP Capital Wholesale Global Equity Growth Fund had about $21.4 million in assets at February end and is managed by AllianceBernstein Investment Management Australia and had the highest sector weights to information ...

Regal Atlantic fund down 58.6%

KANIKA SOOD  |  MONDAY, 20 APR 2020
... Return fund has now lost 70.3% of its assets since the start of the calendar year, after accounting for its March and February performance. "Portfolio performance for the Atlantic Absolute Return Fund has undoubtedly been challenging this month," Regal ...

Aberdeen Standard global equities funds downgraded

KANIKA SOOD  |  MONDAY, 20 APR 2020
... stocks. "...the portfolio's trailing P/E of 22.7 sat well above the MSCI All Country World ex Australia Index's 17.3 as of February 2020; it was also higher than the portfolio's 18.0 measure a year prior," it said. "While the team remains experienced ...