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Showing 1221 - 1230 of 6264 results for "December 1994"

ETP demand soars, unlisted unit trusts retract

KARREN VERGARA  |  TUESDAY, 13 APR 2021
The exchange-traded products market skyrocketed 149% to $95 billion in the three years to December 2020, new research finds. Rainmaker's latest research predicts that ETPs will eclipse the unlisted unit trust market in another three to five years. ...

ARK Innovation ETF cops neutral rating

KARREN VERGARA  |  TUESDAY, 13 APR 2021
Despite delivering a stellar performance, star fund manager Catherine Wood's ARK Innovation ETF has been slapped with a neutral rating from Morningstar. Morningstar strategist Robby Greengold said personnel issues and lax risk controls could be ...

Oaktree hires from Challenger

KANIKA SOOD  |  MONDAY, 12 APR 2021
A senior institutional business development manager from Challenger has moved to Oaktree as the latter's managing director of marketing for Australia and New Zealand. Brett Penprase will be based in Sydney, and focus on business development and ...

Catholic Super bank implements Temenos

KANIKA SOOD  |  MONDAY, 12 APR 2021
Catholic Super's bank MyLife MyFinance has implemented Temenos' digital banking platform replacing its legacy system. Temenos said the implementation reduces the bank's complexity by moving all processes and data to one core system, Temenos Transact. ...

NAB MySuper class action heads to Federal Court

JAMIE WILLIAMSON  |  MONDAY, 12 APR 2021
Maurice Blackburn's class action against MLC Nominees and NULIS Nominees has moved to the Federal Court, following a decision late last year. The class action brought by Maurice Blackburn against MLC Nominees and NULIS in January 2020 on behalf ...

Wholesale funds recover losses

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
Wholesale funds finished 2020 with funds under management (FUM) down just 0.1%, recovering almost all the losses experienced as a result of COVID-19, new research from Plan For Life shows. The research revealed wholesale funds grew 5.4% in the December  ...

Chief economist update: Europa rides the bull once again

BENJAMIN ONG  |  FRIDAY, 9 APR 2021
... OECD's March 2021 "Interim Outlook Forecasts" has Eurozone GDP growing by 3.9% this year - up from 3.6% it forecast it December - and 3.8% in 2022 - up from 3.3%. Similarly, the IMF's April 2021 "World Economic Outlook' report sees the region's ...

QMV partnerships lead resigns

KARREN VERGARA  |  THURSDAY, 8 APR 2021
The national manager of strategic partnerships at QMV has left after five years with the Melbourne-based financial services consulting firm. Michael Wilcox joined QMV in May 2016, taking on responsibilities for promoting independent advice, delivery ...

CBA to pay $7m for overcharged interest

ANNABELLE DICKSON  |  THURSDAY, 8 APR 2021
The Federal Court has imposed a $7 million penalty on Commonwealth Bank for charging higher interest rates on business overdraft accounts than what it advised its customers over a four-year period. Following an investigation by ASIC, CBA admitted to ...

Chief economist update: Fourth wave threatens Olympics, growth outlook

BENJAMIN ONG  |  THURSDAY, 8 APR 2021
... OECD's March 2021 "Interim Outlook Forecasts" has Japan's GDP growing by 2.7% this year - up from 2.3% it forecast it December - and 1.3% in 2022 - up from 1.0%. Similarly, the IMF's April 2021 "World Economic Outlook' report sees Japan's ...