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Showing 1341 - 1350 of 3902 results for "ASX 300"

WAM Capital announces LIC takeover bid

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
WAM Capital is attempting to takeover a listed investment company managed by Perennial that it says has consistently "underperformed" since inception. WAM Capital made a conditional off-market takeover bid for Wealth Defender Equities Limited (ASX  ...

Morgan Stanley amends false independence claims

JAMIE WILLIAMSON  |  TUESDAY, 28 AUG 2018
Morgan Stanley Wealth Management was caught by ASIC for falsely claiming it was independent. According to the regulator, Morgan Stanley made a claim in an ASX announcement released by Praemium in June that its services included an independent advice ...

Morrison drops financial services portfolio

JAMIE WILLIAMSON  |  MONDAY, 27 AUG 2018
In an obvious omission, the dedicated financial services portfolio has been scrapped by Australia's latest Prime Minister, Scott Morrison. Announcing a new-look ministry following the Liberal Party's leadership spill last week, the standalone ...

Scott Morrison becomes Prime Minister, markets react

KANIKA SOOD  |  FRIDAY, 24 AUG 2018
Scott Morrison will be Australia's next Prime Minister, after he beat Peter Dutton 45-40 in a Liberal Party leadership ballot. The ASX 200 jumped on the news, after trending downwards since Monday. It hit its highest at 1.05pm, when it was up 0.33% ...

LIT serves up junk bonds to SMSFs

KANIKA SOOD  |  MONDAY, 20 AUG 2018
A new listed investment trust is offering SMSF investors an opportunity to invest in high-yield bonds, with an annual net distribution north of 5%. The Neuberger Berman Global Corporate Income Trust will hold about 300 high-yield securities, with the ...

AFIC appoints chair

KANIKA SOOD  |  WEDNESDAY, 15 AUG 2018
Australia's oldest listed investment company is seeing a change of guard in its corporate governance as the current chair retires after 34 years on the board. Terrence Campbell will not seek re-election at the October 9 annual general meeting of the ...

Perpetual wins RE mandate

KARREN VERGARA  |  THURSDAY, 9 AUG 2018
Perpetual Corporate Trust has been awarded a responsible entity (RE) mandate for a newly-listed agricultural REIT. Perpetual's wholly-owned subsidiary is the RE of Vitalharvest Freehold Trust, which listed on the ASX on August 1, raising $185 million. ...

Glennon Capital hires marketing director

KANIKA SOOD  |  TUESDAY, 7 AUG 2018
Glennon Capital has appointed a marketing director as it continues to build its executive team to support its swelling funds under management. Brooke Logan will be responsible for all the $110 million boutique's strategic and operational marketing ...

BNP Paribas AM sells Arnhem stake, appoints new investment manager

JAMIE WILLIAMSON  |  WEDNESDAY, 1 AUG 2018
BNP Paribas Asset Management has sold its 40% stake in Arnhem Investment Management ahead of the fund manager's closure, with the Arnhem Australian Equity Fund to be transferred to a specialist wholesale investor. On July 27, the fund's responsible ...

MLC refunds $67m in advice fees

KARREN VERGARA  |  FRIDAY, 27 JUL 2018
MLC will cease deducting general financial advice fees from its MasterKey Personal Super products after admitting it did not clearly communicate to members they could opt out of the service. About 305,000 MasterKey Personal Super (MKPS) members will ...