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Showing 111 - 120 of 3573 results for "Trend"

Magellan performance halves across the board

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
... was a shadow of the $600.1 million reported in FY22. Statutory net profit after tax of $182.7 million followed a linear trend, down 52%. Magellan's investments in Barrenjoey Capital Partners and FinClear delivered a post-tax loss of $11.5 million ...

Former iShares lead joins Stake

CHLOE WALKER  |  THURSDAY, 17 AUG 2023
Former BlackRock iShares head Jon Howie will become Stake's new chief commercial officer, charged with driving new wealth creation opportunities for investors. Howie brings over 20 years of experience in financial services to the role, most recently ...

Global wealth to rise 38% by 2027: Report

CHLOE WALKER  |  THURSDAY, 17 AUG 2023
Despite a decline in aggregate global wealth last year, UBS and Credit Suisse predict an upward trend over the next five years, reaching close to $979 trillion by 2027. The 14th edition of Credit Suisse's Global Wealth Report, now jointly launched with ...

Aware Super takes 100% of Oak Tree Group

CASSANDRA BALDINI  |  THURSDAY, 17 AUG 2023
Aware Super is now sole owner of Oak Tree Group, positioning itself as a significant owner of retirement living assets in Australia while also increasing its global presence in the living sector to $5 billion. Back in 2017, the fund's initial commitment ...

Super funds prime distributor of death, TPD cover

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
Australians paid an estimated $13 billion in death and TPD premiums last year, more than half of which through superannuation funds, Rainmaker Information says. While the amount paid was up 5.5% per annum over the last decade, this rate of growth has ...

Fiducian eyes IFAs, South Australia for inflows

KARREN VERGARA  |  MONDAY, 14 AUG 2023
Fiducian is betting on the independent financial adviser (IFA) market and its South Australian presence to bolster its inflows as it sets an ambitious plan to exceed its performance reported in the 2023 financial year. The ASX-listed group's latest ...

APIR reports surge in new financial products

ANDREW MCKEAN  |  FRIDAY, 11 AUG 2023
... pointed out that product terminations in FY23 were largely influenced by superannuation investment options. He attributed this trend to the industry's ongoing merger and acquisition activities. Of note, KPMG reported 13 mergers in the superannuation ...

Private credit to play critical role in the economy: MA Financial

CHLOE WALKER  |  TUESDAY, 8 AUG 2023
... their exposure to certain sectors," Houston said. "This has opened up the market more and more for the non-banks." This is a trend Houston has already witnessed internationally. "The Australian market actually has a very small proportion of non-banks ...

Online investor numbers dip as cost-of-living bites

CHLOE WALKER  |  FRIDAY, 4 AUG 2023
The latest Investment Trends' Australian Online Investing Report has cited cost of living pressures as cause for the decline in online investing this year. Based on a survey of 22,324 investors and traders conducted from April to May, found about 1.28 ...

RBA sustains cash rate at 4.1%

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... measures are expected to be around 1.75% in 2024 and above 2% in 2025. Overall, the economy is experiencing a period of "below-trend growth" that is expected to continue for a while. Weak household consumption and dwelling investments are some of the ...