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Showing 1331 - 1340 of 5508 results for "September 2003"

Concerns over rise of the mega-fund

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2019
Mega-funds are on the rise and as further super fund mergers are expected to continue into 2020, the question of capacity needs to be addressed, according to SG Hiscock managing director Stephen Hiscock. "In terms of the mega-funds, we have seen a lot ...

Equity Trustees renews custody mandate

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
Equity Trustees has renewed its mandate with State Street Corporation for custodial and investment administration services of its Equity Trustees wealth services funds. The new agreement will see State Street provide custody, fund accounting, regulatory ...

Chief economist update: Chinese green shoots?

BENJAMIN ONG  |  MONDAY, 2 DEC 2019
It might be a mere 0.2 point above the line but it was indication enough that China's manufacturing sector has stopped contracting. The official National Bureau of Statistics (NBS) China manufacturing PMI increased to a reading of 50.2 in November ...

Super fund PDSs to include single cost of product figure

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
ASIC has updated its guidance to superannuation funds and issuers of managed investment products on fees and cost disclosure, with a suite of new requirements set to apply from late-2020. The corporate regulator released an updated version of Regulatory ...

Chief economist update: Lower rates still fail to animate

BENJAMIN ONG  |  FRIDAY, 29 NOV 2019
Uh-oh...we might be getting in trouble now. Not only are Australian households not lifting their spending despite the drop in the official cash rate to a record low 0.75% but it's looking a lot like businesses aren't too. The Australian Bureau ...

Chief economist update: Weaker yen strengthening Japan

BENJAMIN ONG  |  THURSDAY, 28 NOV 2019
... following its July and September rate cuts. The same could be said of the Euro. The European Central Bank's (ECB) September "action" lowered the interest rate on the deposit facility by 10 basis points to -0.50% and announced it would "restart net ...

Pendal Group yanks equities mandate

KANIKA SOOD  |  TUESDAY, 26 NOV 2019
Pendal Group has pulled nearly $460 million from an international equities manager, as it hands over the management of three funds to its in-house team. AQR Capital Management managed three funds for Pendal. These are the Pendal core hedged global share ...

ASIC launches investigation into Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
More woe for Westpac as ASIC confirms it has commenced an investigation into the bank following AUSTRAC's actions in relation to money laundering. An ASIC spokesperson told Financial Standard : "ASIC can confirm that it commenced an investigation ...

Chief economist update: Let's talk about debt

BENJAMIN ONG  |  TUESDAY, 26 NOV 2019
Financial Standard had been calling for it, central banks have, and now it's the Organisation for Economic Cooperation and Development (OECD). In its latest bi-annual economic global economic report released this month, the OECD maintained its Australian ...

Chief economist update: US consumer power

BENJAMIN ONG  |  MONDAY, 25 NOV 2019
The US-China trade deal/no trade deal seesaw continues to drive the markets' daily ups and downs. But behind these day-to-day swings is the rise and rise on Wall Street - to new record highs. To be sure, the third quarter reporting season was nothing ...