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What Yarra Capital is buying in the dip

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
... "The good news is that we are about 50% through the adjustment in equity markets and that concerns over excess inflation can now be relegated to history," he said. "Rate cuts are clearly coming in size, and once the early signs appear that the easing ...

Australia sees jump in zombie companies

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
... increased 13.6% in the past year. Zombie companies - those which don't produce enough profits to cover debt obligations - now account for 5.8% of all publicly traded businesses worldwide, Kearney said. The report found that Australia's wavering ...

Magellan adds $2bn to FUM

MATTHEW WAI  |  WEDNESDAY, 7 AUG 2024
... instigator of these redemptions, of which Magellan tentatively expects a further $200 million in August. The manager's funds now comprise $14.8 billion held in global equities, $16.5 billion in infrastructure equities, and $7.1 billion in Australian ...

Markets melt down over 'premature' recession fears

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
... (RBA) is likely to keep interest rates on hold at today's meeting. "A positive for traders out of Monday's carnage: it is now almost certain the Reserve Bank board will not raise the cash rate at today's meeting," Ho said. Echoing this sentiment ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... continue to enhance its governance controls, risk management and processes for acting in members' best interests. APRA is now satisfied that N.M. Super has completed the rectification work, including the remediation of members affected by the conduct ...

GSFM appoints key account manager

JAMIE WILLIAMSON  |  THURSDAY, 1 AUG 2024
Joining from Macquarie, Lewis Bond is now key account manager for NSW and ACT. Bond will oversee financial adviser relationships in the states, bringing five years' experience with Macquarie Group. GSFM head of retail distribution Stephen Fletcher ...

AIA Australia names head of wellbeing

MATTHEW WAI  |  THURSDAY, 1 AUG 2024
The wellbeing team is now part of the life insurer's shared value partnership team, following a strategic decision to maximise support for customers. AIA Australia has announced the new wellbeing team structure and welcomed Lucy Hartley as head ...

J.P. Morgan expands ETF suite

MATTHEW WAI  |  THURSDAY, 1 AUG 2024
... markets with less volatility," he said "Australian investors, who have long enjoyed dividend income from domestic equities, now have the opportunity to earn income from their international equity investments." By selling call options every week, the ...

Inflation rises but RBA hike not inevitable

ELIZA BAVIN  |  WEDNESDAY, 31 JUL 2024
... recession. "Australian mortgage holders and businesses should breathe a sigh of relief as the case for a rate rise should now dissipate," Smith said. "The factors driving Australian inflation at the moment cannot be fixed through interest rate hikes. ...

The four Ds to watch in the decades to come: La Trobe

JAMIE WILLIAMSON  |  WEDNESDAY, 31 JUL 2024
... for the fourth and final major theme - "debanking" - to thrive, he said. "Loans that were previously written by banks are now being written by smaller participants in the market. What we're seeing is the continuing rise of private credit," he noted ...