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Showing 1331 - 1340 of 6247 results for "December 2002"

Billionaires profit from pandemic: Report

KARREN VERGARA  |  FRIDAY, 29 JAN 2021
The nation's wealthiest saw their fortunes increase by nearly $85 billion during the COVID-19 pandemic, a global survey highlighting the widening income-inequity gap shows. Thirty-one Australian billionaires saw their bank balances swell between March ...

Chief economist update: Taper talks are premature

BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
A new year, a new administration but its same old, same old for the US Federal Reserve. As expected and in a unanimous decision, the Fed confirmed: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects ...

Maple-Brown Abbott finetunes Aussie equities lineup

KANIKA SOOD  |  THURSDAY, 28 JAN 2021
The Sydney boutique is winding up its geared Australian equities fund after underperformance and dwindling assets, while trimming the fees on two others. Maple-Brown Abbott 's Australian Geared Equity Fund has been around since 2002 and uses leverage ...

IOOF buffeted by advice restructure

ELIZA BAVIN  |  THURSDAY, 28 JAN 2021
IOOF has seen over $1 billion in outflows from its advice business in the second quarter due to its business transformation program known as Advice 2.0. The company's funds under management saw losses of $400 million in the quarter to 31 December 2020. ...

Chief economist update: Inflation lifted by smokers with young children and homebuilders

BENJAMIN ONG  |  THURSDAY, 28 JAN 2021
Australia's consumer prices continue to recover from the 1.9% drop in the June 2020 quarter - the largest quarterly fall in the 72 year history of the CPI. However, the Australian Bureau of Statistics reported that the country's headline inflation ...

Future Fund increases cash again

KANIKA SOOD  |  WEDNESDAY, 27 JAN 2021
The $171 billion sovereign wealth fund increased its cash position to 19.8% or about $34 billion, as it reports a positive year for returns ending December. Future Fund returned 1.7% in the year after positive returns in the September and December quarters ...

Raiz Super regains losses

ANNABELLE DICKSON  |  WEDNESDAY, 27 JAN 2021
The micro-investing platform grew its superannuation funds under management by nearly 15% in the December quarter despite the impact of the early release of super scheme (ERS). Raiz Invest's superannuation portfolio swelled to $81 million or 14% from ...

Family home dominates adviser conversations

KARREN VERGARA  |  MONDAY, 25 JAN 2021
Investment and retirement strategies around the family home were hot topics for financial advisers' clients in 2020. BT financial advisers' December 2020 quarter survey found clients continue to query advisers about their eligibility for the ...

Macquarie backs medical drone testing

ANNABELLE DICKSON  |  MONDAY, 25 JAN 2021
Macquarie Infrastructure and Real Assets (MIRA) portfolio company will trial a medical drone logistics network across the United Kingdom. AGS Airports, held by Ferrovial and the MIRA managed entity AGS Ventures Airports, is leading a consortium to develop ...

Fund manager hires distribution lead

KARREN VERGARA  |  MONDAY, 25 JAN 2021
Eildon Capital has appointed a head of distribution and investor relations in a bid to expand its funds management business. Lulu Yan will oversee the unlisted funds the firm manages. Yan came from Darland, a developer of residential property in Victoria ...