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Showing 1241 - 1250 of 3556 results for "October 1977"

WiseTech short could impact super

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 OCT 2019
Several superannuation funds could get caught in the crosshairs after a short report on WiseTech by J Capital has seen shares in the key Australian tech stock plummet. AustralianSuper, for example, has a $4.2 million holding in WiseTech. Australian ...

No room for policy mistakes

BENJAMIN ONG  |  TUESDAY, 22 OCT 2019
... Mario Draghi as ECB chief). To be sure, Dr Georgieva has already warned about this in her inaugural speech on the 6th of October "Everyone loses in a trade war. For the global economy, the cumulative effect of trade conflicts could mean a loss of around ...

Future Fund returns 1.9% for the quarter

KANIKA SOOD  |  MONDAY, 21 OCT 2019
Australia's sovereign wealth fund returned 1.9% in the three months to September, taking its ten-year return from 10.4% per annum at end of last quarter to 10%. The fund's assets under management grew by $3.1 billion in the quarter. Asset allocation ...

Chief economist update: Rate cuts coming, but not on race day

BENJAMIN ONG  |  MONDAY, 21 OCT 2019
... Westpac-Melbourne Institute 'unemployment expectations index' rose by 7.3% (year-on-year) to a reading of 131.8 in October - don't portend good tidings and explain the persistent weakness in consumer confidence and retail spending.

IOOF acquires OnePath at a discount

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
IOOF has secured the sale of ANZ's OnePath pensions and investments business for $850 million, down from the original sales price of $975 million announced in October 2017. ANZ said the new price includes around $25 million that it has already received ...

Grandfathered commissions ban passes

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
The legislation that will end grandfathered commissions has passed both houses of federal parliament. Under the reforms, the benefit of any conflicted remuneration payable under a contract must be passed on to the client. The Treasury Laws Amendment ...

Ophir goes global

ELIZA BAVIN  |  TUESDAY, 15 OCT 2019
Ophir Asset Management has launched a small and mid-cap global fund to give investors access to a more diverse global market. Initially established in October last year as the personal investment strategy for Ophir portfolio managers and their families ...

Chief economist update: Brexit uncertainty is not all that bad

BENJAMIN ONG  |  TUESDAY, 15 OCT 2019
Hear ye, hear ye! Her majesty Queen Elizabeth II has spoken. "My Government's priority has always been to secure the United Kingdom's departure from the European Union on October 31," she has said. Whether her majesty will later come to regret ...

Poor market conditions weigh on Perpetual, Pendal

ELIZA BAVIN  |  MONDAY, 14 OCT 2019
Perpetual has reported a $1.1 billion decrease in funds under management for the first quarter of 2020, while Pendal suffered a $900 million drop in FUM for the quarter ended September 30. Tough market conditions for Australian equities were blamed ...

Chief economist update: When QE is not QE

BENJAMIN ONG  |  MONDAY, 14 OCT 2019
... plan to buy Treasury bills at "an initial pace of approximately $60 billion per month, starting with the period from mid-October [October 15] to mid-November" before adjusting the timing and amount of T-bill purchases "at least into the second quarter ...