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Showing 1331 - 1340 of 4411 results for "Ele"

How early release impacts the ASX

ALLY SELBY  |  THURSDAY, 7 MAY 2020
With more than one million people applying for the government's early release scheme, questions surrounding super fund ownership in equity markets have come to the fore. The government's scheme will so far put at least a $9 billion strain on Australia's ...

Frydenberg amends Corporations Act

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
Treasurer Josh Frydenberg has announced changes to the Corporations Act, in a bid to relieve Australia's public companies from financial stress over the coming months. The changes, enacted from May 5, allow companies to hold virtual Annual General Meetings ...

Long/Short fund returns 23.2% in April

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
An ASX-listed global equities long/short fund has returned 23.2% in April, as global bourses rebounded following their March lows. L1 Capital's Long Short fund lifted 23.16% pre-tax during the month, however the fund is still down 11.57% since the beginning ...

Industry fund swaps insurers

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
An industry fund is moving from MLC Life to OnePath as its life insurer effective July 1 and has notified members of changes to its offering. Energy Super has chosen OnePath after a rigorous tender process, the fund told members, while notifying them ...

Advice chief leaves industry fund giant

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
The financial advice chief of a major industry superannuation fund has departed, as the fund's leadership shuffles. UniSuper chief of financial advice John (Jack) McCartney left the $86 billion industry fund late last month, after more than six ...

Aussie funds bleed $4bn in March

KANIKA SOOD  |  WEDNESDAY, 29 APR 2020
Investors redeemed over $3.8 billion from local managed funds in April, in the largest monthly net outflows on record, according to Calastone. So far, November 2018 has been the only month with material net outflows in Australia as investors responded ...

Property giant kicks off capital raise

ALLY SELBY  |  MONDAY, 27 APR 2020
A $38.9 billion ASX-listed real estate portfolio manager is set to bolster its balance sheet with a multi-million dollar institutional placement, as it moves to better withstand the impacts of the COVID-19 pandemic. In addition to the $275 million institutional ...

Has COVID-19 solved the advice problem?

HARRISON WORLEY  |  THURSDAY, 23 APR 2020
With robo-advice yet to take off in Australia, and the cost of advice still too high for most people, has COVID-19 delivered the solution to the sector's problems on a silver platter? Shadforth's Terry Dillion certainly thinks so. Speaking to Financial ...

Industry fund redeploys executives

JAMIE WILLIAMSON  |  THURSDAY, 23 APR 2020
An industry superannuation fund has shuffled the roles of two of its senior management, elevating one to its executive line-up. Christian Super has moved its chief member officer Nathan Buttigieg into the role of chief - operations and product. As of ...

Market pain to continue: State Street

ALLY SELBY  |  WEDNESDAY, 22 APR 2020
With volatility still high, economic activity uncertain and investor sentiment low, a collapse in earnings could trigger another fall in risk assets. According to State Street Global Advisors senior investment strategist Raf Choudhury, this uncertainty ...