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Showing 1401 - 1410 of 5920 results for "March 27"

State Street warns of dot-com parallels

ALLY SELBY  |  WEDNESDAY, 22 JUL 2020
State Street Global Advisors has warned the current rally in equities markets parallels that of the dot-com boom, as price to earnings multiples continue to expand. Since the March 23 low, the ASX All Technology Index, which features the likes of buy-now-pay-later ...

Sovereign investors keen on gold, infrastructure

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
Invesco's annual survey of 139 sovereign investors found they are increasing allocation to gold, and plan on adding fixed income and infrastructure in the 12 months ahead. The annual report, now in its eighth year, found sovereign investors entered ...

AIA Australia appoints behavioural economics lead

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
The life insurer has appointed a head of behavioural economics and design, hiring from Swiss Re. Alison Mclean moved into the role on July 1 and is a part of the AIA Australia strategy team, which reports to AIA Australia's chief strategy officer ...

Mainstream funds under custody up 79%

ALLY SELBY  |  TUESDAY, 21 JUL 2020
Funds administration services provider Mainstream Group Holdings saw its funds under custody increase 79% during the June quarter, with net funds increasing by 36 compared to March 2020. Over the past 12 months, its funds under administration (FuA) ...

JobKeeper, JobSeeker to be extended

ELIZA BAVIN  |  TUESDAY, 21 JUL 2020
Businesses and individuals will continue to receive additional government support beyond September, with Prime Minister Scott Morrison announcing an extension to the stimulus support package. JobKeeper is set to be extended until March 2021 and has ...

Aussie equities stage recovery

ELIZA BAVIN  |  TUESDAY, 21 JUL 2020
Australian equities staged a recovery from its first quarter slump as a result of the COVID-19 pandemic, according to the latest research from Rainmaker. In its most recent Vantage Point report, Rainmaker data shows Australian equities rebounded to ...

Chief economist update: Haste makes Budget waste

BENJAMIN ONG  |  TUESDAY, 21 JUL 2020
Would Australia be experiencing a second wave - and therefore, a reimposition of lockdown restrictions - had it not rushed to reopen and followed its original prescription for a six-month lockdown? Not only that, in the haste to reopen, the Victorian ...

Specialist platforms prosper in June quarter

ALLY SELBY  |  MONDAY, 20 JUL 2020
HUB24 has reported record annual inflows of $4.95 billion for the 2020 financial year, which it says has been driven by clients ditching "incumbent platforms" for the specialist provider. Its funds under administration lifted 24% for the FY20 to hit ...

NAB Private Wealth bolsters executive team

ANNABELLE DICKSON  |  MONDAY, 20 JUL 2020
After losing Anthony Healy in March and Jason Murray earlier this month, NAB Private Wealth has announced new five appointments to its executive team in a new structure. The appointments will report directly to JBWere chief executive and leader for ...

Perpetual top brass cop six-month pay cuts

KANIKA SOOD  |  FRIDAY, 17 JUL 2020
Perpetual chief executive Rob Adams and chair Tony D'Aloisio are taking a 20% cut on their base salaries for six months from July 1, as the company also shrinks variable remuneration company-wide in response to COVID-19. The rest of the group executive ...