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Showing 1311 - 1320 of 3876 results for "August"

SMSF Association patron steps down

KRISTI CHENG  |  WEDNESDAY, 21 AUG 2019
The Reverend Tim Costello AO has stepped down as patron of the SMSF Association. Costello assumed the role in August 2017, succeeding former High Court chief justice Sir Anthony Mason. He has resigned for personal reasons. Speaking on behalf of the ...

Chief economist update: The hazard of being a safe haven

BENJAMIN ONG  |  WEDNESDAY, 21 AUG 2019
... price stability target will be lost". That was printed on July 30, before Trump ramped up his tariff war with China (on August 1) and before all the other uncertainties mentioned above (and then some) escalated and blew a strong tailwind into the Japanese ...

MLC shuts down $28m fund

KANIKA SOOD  |  TUESDAY, 20 AUG 2019
... fees on the relatively small funds under management. The MLC Wholesale Hedged Global Share fund was terminated effective August with about $28 million in funds under management, a spokesperson said. MLC Investments is now selling down the assets of the ...

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
... control interest in the company does not exceed 20% per the Financial Sectors (Shareholding) Act 1998, according to an August 14 notice signed by the Federal Treasurer Josh Frydenberg. In its annual results announced August 13, Challenger said an MS&AD ...

Chief economist update: US recession a sure thing

BENJAMIN ONG  |  MONDAY, 19 AUG 2019
... week ending March 16), the spread stands at a negative 29 basis points, and indeed has been in the negative range since August. Projecting forward using past values of the spread and GDP growth suggests that real GDP will grow at about a 1.7% rate over ...

SSGA global equity beta head retires, promotes two

KARREN VERGARA  |  FRIDAY, 16 AUG 2019
... investments for Australia. In his new role, Shead provides oversight to the Australian investment team. He joined the firm in August 2000 and was a member of the global portfolio strategy team until 2018, covering both equities and currency, and serving ...

Chief economist update: Will Australia avoid another global recession?

BENJAMIN ONG  |  FRIDAY, 16 AUG 2019
... Institute consumer sentiment index increased by 3.6% to a reading of 100 - optimists level pegging with pessimists - in August from 96.5 in the previous month. Employment increased by a greater-than-expected 41,100 heads in July - due to expansions in ...

Industry fund overhauls fee structure

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... billion superannuation fund has made a number of changes to its fee structures. EISS Super introduced a new fee structure on August 12, advising members that it regularly reviews fees and costs. On August 1 however, it did not charge investment and administration ...

State Street ETF in franking credit kerfuffle

KANIKA SOOD  |  THURSDAY, 15 AUG 2019
... the Australian Tax Office asking for its choice of this limit called the 'benchmark ceiling' to be revoked, according to August 14 ASX filings. Meanwhile, more than $130 million net flowed out of the fund in June, stripping it of its title as Australia's ...

Plato to raise $200 million

KRISTI CHENG  |  THURSDAY, 15 AUG 2019
... The offer consists of one new share for every 1.6 shares held by existing eligible shareholders on the record date of 13 August 2019. Shareholders can also apply for shares in excess of their entitlement with an over-subscription facility. Plato managing ...