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Showing 121 - 130 of 1551 results for "Offset"

Under the hood of a top global fundie

ANDREW MCKEAN  |  THURSDAY, 3 OCT 2024
... of 2024 consisted of US$6.4 billion from the wholesale channel and US$6.1 billion from sub-advisory, but were partially offset by a US$1.3 billion institutional outflow. The institutional channel has seen outflows in all quarters since the first quarter ...

Household wealth rises in June quarter

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... billion, driven by households ($57.5 billion) and private non-financial businesses ($36.9 billion). This figure was partly offset by a $2.2 billion drop in demand for credit by general government.

Aussie economy grows 0.2% in June quarter

ELIZA BAVIN  |  WEDNESDAY, 4 SEP 2024
... private sector, new machinery and equipment fell 1.6%, driven by reduced agriculture and retail investment. This was partly offset by ownership transfer costs, which rose 3.9% with strong activity in the property market. Despite three quarters of falls ...

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... improved retention in Bridges. It also came as the group focused more on higher value clients. However, the growth was offset in part by divestments and non-renewal of low fee clients. Insignia also flagged that it is currently undertaking a strategic ...

Qualitas shines in FY24, Charter Hall contracts

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
... stake in. FUM contracted by $6.3 billion, driven by devaluations of $6.1 billion and divestments of $2.4 billion. This was offset by acquisitions of $1.7 billion and capex and development spend of $0.5 billion. The majority of the group's FUM is invested ...

Managed funds bounce back after bearish Q1: Calastone

ANDREW MCKEAN  |  WEDNESDAY, 21 AUG 2024
... local investors injected $3.21 billion into unlisted managed funds during Q2, the highest allocation since Q3 2023. This offset outflows of $1.92 billion in Q1, tipping the sector back into positive inflows with a net gain of $1.3 billion in the first ...

Dexus property valuation rout deepens by $2bn

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... properties decreased by 15.6% on prior book values, driven by higher capitalisation rates and discount rates and partially offset by market rental growth. The industrial portfolio decreased by 3.3% year on year. Dexus chief executive and managing director ...

Iress earnings up 52% to $67m

ANDREW MCKEAN  |  MONDAY, 19 AUG 2024
... Superannuation revenue declined 7% which was said to reflect the exit of several clients in 2023. Though this decline was partially offset by an increase in consulting-based fee revenue which grew 81% in 1H24. Iress said this reflected "strong ongoing ...

Losses further sink Lendlease

KARREN VERGARA  |  MONDAY, 19 AUG 2024
... EBITDA to $809 million in the last financial year. The development and construction units' earnings were partially offset by lower contributions from the investments division. The investments unit's EBITDA was $174 million for the period, down ...

Custody assets exceed $5tn milestone

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2024
... total decline, down 6.8% to $108 billion. Its local assets under custody dropped $14.4% to $97 billion, though this was offset in part by a 323% increase in offshore assets, which came in at $11 billion. Naturally, NAB Asset Servicing also continued ...