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Showing 1431 - 1440 of 8013 results for "Average"

Cash earnings fall, MLC sale pending: NAB

ALLY SELBY  |  FRIDAY, 14 AUG 2020
... bank writing off $208 million in credit losses over the three months to end of June. "Compared with the 1H20 quarterly average credit impairment charges fell 2% to $570 million," NAB said. "This reflects non-repeat of the COVID-19 Economic Adjustment ...

Chief economist update: Second wave threatens an oil spill

BENJAMIN ONG  |  FRIDAY, 14 AUG 2020
... increasing number of countries around the world prompted a reversal in crude oil prices. WTI oil prices soared by 37.0% to an average price of US$38.21 per barrel in the June quarter from US$27.96/barrel in the first three months of 2020. The price of ...

Super fees hit record lows: Research

JAMIE WILLIAMSON  |  THURSDAY, 13 AUG 2020
... converts to 1.6% of GDP. Looking at 93 not-for-profit funds, 68 retail offerings and seven eligible rollover funds, the average fee charged to members now sits at 1.04%. In 2018-19, the average was 1.12%. Not-for-profits came out on top as the lowest ...

Asset managers still bearish, but less so

ALLY SELBY  |  WEDNESDAY, 12 AUG 2020
... exposures to risk assets in the second quarter; however their allocations to equities remained lower than the long-run average (34.5%). Ongoing uncertainty, illustrated by record high gold prices, implied volatilities and the popularity of credit default ...

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
... year. Adjusted NPTA was $438.3 million, up 20%. In total, Magellan attracted $5.7 billion of net inflows in 12 months. Its average funds under management as at June 2020 was $95.5 million, up 26% from previous year. This yielded $587 million in management ...

SME insolvencies set to increase

ANNABELLE DICKSON  |  WEDNESDAY, 12 AUG 2020
... numbers of insolvencies, according to CreditorWatch. The number of SMEs defaulting on payments fell by 13.2% in July and average days to payment decreased by 7.6% across all sectors compared to the month prior. Specifically, the finance and insurance ...

Tough year at Challenger

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
... includes multi-boutique Fidante Partners and institutional manager CIP Asset Management - ended FY20 with $80.6 billion in average FUM, up 4%. It generated net income of $8 million, up 5%. Fidante Partners attracted $3.8 billion in net inflows ($2.3 ...

Bendigo and Adelaide Bank to face fresh class action

ELIZABETH MCARTHUR  |  TUESDAY, 11 AUG 2020
... the actual value of Great Southern loans to Bendigo and Adelaide Bank is beyond that. "Each loan was about $78,000 on average. As we understand it there were 5479 potentially eligible loans," he said. Each entity is paying $3300 to enrol in the class ...

GPT bleeds $520 million

ALLY SELBY  |  MONDAY, 10 AUG 2020
... group also completed three logistics developments during the period, with a combined value of $89.1 million and a weighted average lease expiry of 7.5 years. It also acquired two logistics facilities for $74.6 million, and issued $300 million in 12-year ...

ERS doesn't justify higher SG: Grattan

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
... over 1.1 million repeat applications. About $1 billion was paid in the week to August 2 to about 129,000 members. The average payment was $7695 and $8511 when considering repeat applications only.