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Showing 1471 - 1480 of 31637 results for "Australian"

Global stock markets rally, but Trump's next post could flip the script

ANDREW MCKEAN  |  TUESDAY, 3 JUN 2025
... 6% in May, their strongest month in over a year, after skidding nearly 19% from February highs in April. Meanwhile, Australian shares increased nearly 4%, European markets advanced 4%, Japanese shares lifted 5%, and Chinese shares edged up 2%. While ...

Touchstone closes flagship fund

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
Touchstone Asset Management has closed its flagship Australian equity fund nearly a decade after it launched. The Touchstone Index Unaware Fund shuttered in May, having been in operation since 4 April 2016. The fund aimed to outperform the return of ...

ASIC alleges Choosi flogged Hannover life insurance products

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
... channel or distribution platform for companies." If the court finds that Choosi contravened ss 12DB and 12DF of the Australian Securities and Investments Commission Act 2001, it could pay $16.5 million for a single contravention.

Retirement confidence highest since 2020: SSGA

MATTHEW WAI  |  TUESDAY, 3 JUN 2025
... Shead said although the numbers are a positive, it shouldn't be viewed as a silver bullet. "There are still 28% of Australian respondents expecting to partially retire and continue working, while over 10% cannot envision ever being financially secure ...

Superhero plans 'mass affluent' wealth play

JAMIE WILLIAMSON  |  MONDAY, 2 JUN 2025
Superhero has welcomed its first chief investment officer, as it targets Australians seeking sophisticated solutions without the need for advice. Superhero said it is looking to "evolve beyond traditional sharetrading to offer sophisticated portfolio ...

Apostle launches CastleKnight Management in Australia

KARREN VERGARA  |  MONDAY, 2 JUN 2025
... institutional-grade investment strategies, enhancing its ability to deliver both performance and diversification for Australian investors," he said. CastleKnight managing partner and chief investment officer Aaron Weitman said: "We believe this is one ...

Awareness of options could boost advice access: CFS

MATTHEW WAI  |  MONDAY, 2 JUN 2025
... they can pay for it through their super. Based on a survey of 2250 Australians, Colonial First State's (CFS) Empowered Australian report, 92% of unadvised Australians don't know they can use their superannuation to pay for financial advice. Seventy percent ...

ART pinged by ASIC over misleading returns data

JAMIE WILLIAMSON  |  MONDAY, 2 JUN 2025
Australian Retirement Trust (ART) was fined by the regulator after it was found to have showcased better returns than what was really being achieved for its MySuper option. ASIC alleged ART misled consumers by publishing outdated performance data for ...

Allan Gray exposes 'hateful eight' bubble threat

ANDREW MCKEAN  |  FRIDAY, 30 MAY 2025
Allan Gray chief investment officer Simon Mawhinney has sounded the alarm that the Australian stock market is dangerously concentrated, with the 'Hateful Eight' companies - the big four banks, Macquarie, Wesfarmers, Goodman Group, and Aristocrat - racking ...

Life insurers report another profitable quarter

KARREN VERGARA  |  FRIDAY, 30 MAY 2025
... commentary on this. As of late, claims handling has been a major, systemic issue for superannuation funds and insurers. The Australian Financial Complaints Authority's (AFCA) latest Systemic Issues Insights Report found the claims-handling process ...