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Showing 1341 - 1350 of 8106 results for "Total"

Qualitas scores another $700m from ADIA

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The sovereign wealth fund will now invest a total of $1.4 billion in the Qualitas Diversified Credit Investments (QDCI) fund following its initial $700 million investment in ...

Earnings, profits down at Charter Hall

CHLOE WALKER  |  MONDAY, 21 AUG 2023
The fund manager has reported operating earnings of $441.2 million for FY23, down about $100 million from the year prior. Its statutory profit after tax was $196.1 million, down a significant 78.5% on the previous year. Full year distributions totaled ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... base case economic scenario's expected losses by $1.5 billion. Stressed assets showed a margin increase to 1.16% of total exposures - a rise of six basis points since March 2023. This was consistent with the bank's credit impairment charges ...

Unemployment rate rises as gender wage gap narrows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
... workforce, are benefiting from strong gains in full time employment and robust wages growth. Full-time adult average weekly total earnings for women jumped 4.6% over the year to May 2023, well above growth in male average weekly earnings of 3.6%." Further ...

Magellan performance halves across the board

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
... funds under management almost halved to $48.8 billion as outflows continued across the retail and institutional channels. Total FUM reached as high as $103.7 billion in June 2021. Retail FUM ended the period with $18.4 billion, down 17%. But it was the ...

ASIC appeal in CBA, CFS case dismissed

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2023
... Essential Super between July 2013 and June 2019 in branches and online. Under an agreement, CBA was entitled to 30% of the total net revenue derived by CFS from the product every financial year. In total, this amounted to about $22.7 million over nine ...

Norway's sovereign wealth fund returns 10%

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
... the fund's value by $223.99 billion, with an additional inflow of $88.91 billion. As of 30 June 2023, the fund's total value stood at 15,299 billion kroner, with the majority (71.3%) invested in equities.

Global wealth to rise 38% by 2027: Report

CHLOE WALKER  |  THURSDAY, 17 AUG 2023
... According to the report, 2022 recorded the first fall in net global household wealth since the global financial crisis of 2008. Total net private wealth fell by $17.6 trillion to $709.4 trillion at the year. Wealth per adult at the end of 2022 was $776,006 ...

Institutional investor pumps $750m into Qualitas fund

CHLOE WALKER  |  WEDNESDAY, 16 AUG 2023
... commitment of $750 million by an unnamed institutional investor brings the size of the fund to $1.95 billion, and Qualitas' total committed funds under management (FUM) to about $6.8 billion. Qualitas' FUM has increased by 12% since May and 59% since ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... corresponding period. Institutional sales reached $5.4 billion, of which $4.2 billion came from Challenger Index Plus sales. In total, Challenger Life booked sales of $9.7 billion, although steady year on year, was largely driven by record annuity sales ...