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Showing 1451 - 1460 of 6963 results for "March"

Future Fund increases cash again

KANIKA SOOD  |  WEDNESDAY, 27 JAN 2021
... negative return (-0.9%). The last time this happened was in FY09 when it returned -5.1%. In 2020, Future Fund returned -3.4% in March quarter, -0.7% in June quarter, 1.1% in September quarter and 4.9% in December quarter. The main fund increased its ...

ASI appoints new APAC chief

ELIZA BAVIN  |  WEDNESDAY, 27 JAN 2021
... new chief executive to lead the Asia Pacific region. Rene Buehlmann has been named chief executive of APAC, effective 1 March 2021. Buehlmann will succeed Hugh Young, who is taking on a new role as chair of Asia. ASI said the appointments broaden the ...

Chief economist update: Jobs, jobs, jobs

BENJAMIN ONG  |  FRIDAY, 22 JAN 2021
... already lowered Mid-Year Economic and Financial Outlook (MYEFO) prediction for the jobless rate to "peak at 7.5% in the March quarter 2021". These wonderful set of numbers could start a virtuous cycle in the domestic economy whereby rising employment ...

Hyperion makes foray into active ETFs

KARREN VERGARA  |  THURSDAY, 21 JAN 2021
... access to its unlisted global equities strategy. The Hyperion Global Growth Fund (HYGG) is an active ETF set to list in late March. HYGG gives access to the unlisted vehicle the Hyperion Global Growth Companies Strategy, which invests between 80% to ...

Jobs return to pre-pandemic levels

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
... mid-December is a seasonal peak for jobs each year, and the latest data showed payroll jobs had increased back to the level of mid-March. "The data also shows the seasonal fall in payroll jobs later in December, following a similar seasonal pattern to ...

Challenger welcomes board director

ANNABELLE DICKSON  |  WEDNESDAY, 20 JAN 2021
... business for $35 million. Challenger and MyLife MyFinance have entered into an agreement with an expected settlement date of March 2021. Challenger will fund the $35 million price plus the ADI capital requirements via a $100 million distribution in the ...

Chief economist update: Iron ore is hot

BENJAMIN ONG  |  WEDNESDAY, 20 JAN 2021
... year-on-year increase in industrial production in December 2020 - a sharp improvement from the 1.1% contraction recorded in March last year. Rising industrial production equals rising industrial demand. According to mining.com: "The country produced ...

AIA progresses with acquisition

ANNABELLE DICKSON  |  TUESDAY, 19 JAN 2021
... the last step in the acquisition following the Federal Court of Australia's consideration of the scheme at a hearing in March 2021. In September last year, Commonwealth Bank (CBA) received a payment of approximately $450 million for the sale of CommInsure ...

MySuper eyes growth asset returns

KARREN VERGARA  |  MONDAY, 18 JAN 2021
... AustralianSuper, Tasplan, QSuper and Australian Ethical had a 50% strike rate. The stock market downturn in February and March 2020 followed by the strong recovery over the rest of the reporting period increased volatility (the standard deviation of ...

Magellan continues fund restructure

ANNABELLE DICKSON  |  MONDAY, 18 JAN 2021
... partnership benefits will be funded by Magellan and is open until February 23 while the expected date for the allotment issue is March 1. As a result of the restructure, the trust will have an open class for the unlisted and the active ETF and a closed ...