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Showing 1311 - 1320 of 6960 results for "March"

AMP chair faces shareholder ire

KARREN VERGARA  |  FRIDAY, 30 APR 2021
... year in a row. A burning question was how news of chief executive Francesco De Ferrari's exit was leaked to the AFR on March 25 prior it was announced to the markets almost a week later. Hazelton said: "At the time of the media reports, we were in ...

OpenMarkets hires, acquires, preps for IPO

ELIZABETH MCARTHUR  |  FRIDAY, 30 APR 2021
... chair of the audit risk committee for Citadel Group. The appointments come as OpenMarkets expands its team from just 17 in March 2020 to now 88 people and prepares for an IPO. It also acquired financial adviser platform InvestFit which it will rebrand ...

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
... up the Fed's statement. Preliminary estimates showed that the US economy expanded at annualised rate of 6.4% in the March 2021 quarter following the previous three-month's 4.3% growth. As per the definition of "annualised growth rate" - the rate ...

FirstChoice dominates platform market

KARREN VERGARA  |  THURSDAY, 29 APR 2021
... platform is the most popular among financial advisers across all states and territories. Rainmaker analysis of ASIC's March Financial Adviser Register reveals Colonial FirstChoice is the most-used platform nationwide. In New South Wales and the nation's ...

Outflows continue at IOOF

KANIKA SOOD  |  THURSDAY, 29 APR 2021
IOOF ended March quarter with $203.9 billion in funds under management and administration, after significant outflows from advice and pensions business. The March end FUM was $1.5 billion higher than the previous quarter, and primarily driven by a $5.4 ...

Chief economist update: Low for longer

BENJAMIN ONG  |  THURSDAY, 29 APR 2021
... expectation that the official cash rate will remain low until at least 2024. According to the ABS: "Annual inflation for the March 2021 quarter increased to 1.1% following a rise of 0.9% in the December quarter. Price rises in tobacco and furnishings ...

AMP Capital shutters dud fund, Naeimi departs

ELIZABETH MCARTHUR  |  THURSDAY, 29 APR 2021
... falling assets under management meant fixed costs were likely to impact investor returns. The fund suffered in February and March 2020 but its performance had since climbed back, according to Morningstar data. The most recent fund update shows it returned ...

Raiz acquires superannuation platform

KANIKA SOOD  |  WEDNESDAY, 28 APR 2021
... the best outcome for all customers is implemented. Raiz's pre-acquisition superannuation assets sat at $92.5 million at March end, growing 14.6% in the quarter. In the March quarter, it also rolled out portfolios for the self-managed superannuation fund ...

Go, iron ore, go

BENJAMIN ONG  |  WEDNESDAY, 28 APR 2021
... that's a 14.9% increase from the start of 2021 and a stupendous 128.5% surge from the pandemic low of US$78.33 recorded in March last year. No prize for the whys and wherefores but as it was then, it's still China's need for steel that's ...

BetaShares launches hybrids ETF

KANIKA SOOD  |  TUESDAY, 27 APR 2021
... market-cap weighted and limits each bank's maximum weight in the index to 30%. It had 16 constituents as at April 22. "As at 31 March 2021, the gross running yield (i.e. including franking credits) of the index BHYB aims to track was around 3.5% p.a. ...