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Showing 1491 - 1500 of 17429 results for "Billion"

abrdn embraces letter 'E' again

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAR 2025
... adjusted operating profit rose 22% to £61 million. Institutional and retail wealth gross inflows were up 31% to £25.5 billion, however net inflows were just £0.3 billion.

Praemium names interim CFO

KARREN VERGARA  |  WEDNESDAY, 5 MAR 2025
... contribution to the leadership, strategy, and execution capabilities. In the half year to December 2024, the firm reported $30.2 billion in assets sitting on its platform on an average basis, including $4.2 billion from OneVue. Broadly, Praemium's ...

Stockspot officially launches low-cost super offering

ELIZA BAVIN  |  WEDNESDAY, 5 MAR 2025
Stockspot Super has launched to the public, a move first flagged by Financial Standard in May 2024. Stockspot said the offering is Australia's first fully transparent, ETF-only superannuation product, which has been designed to keep costs low and provide ...

NZ Super commits NZ$50m to private equity manager

MATTHEW WAI  |  WEDNESDAY, 5 MAR 2025
... commitments) to just over NZ$330 million ($298 million). Since its inception in 1994, Direct Capital has raised over NZ$2.2 billion ($1.99 billion) to invest in private companies in expansion, succession and pre-IPO situations, it said, investing typically ...

Aussie dividends underperform on global scale: Janus Henderson

MATTHEW WAI  |  WEDNESDAY, 5 MAR 2025
... dividends steady. Despite healthy signs of growth, Australia sat out of the pack and saw payouts fall by 6.4% to $56.6 billion. Asia Pacific (excluding Japan) fell 2% in 2024 and was predominantly driven by slumps in Australia and Taiwan. Headline terms ...

Trade war intensifies: China, Canada respond to Trump's tariffs

ANDREW MCKEAN  |  WEDNESDAY, 5 MAR 2025
... that a fight with Canada will have no winners." Canada responded with countermeasures, imposing a 25% tariff on US$105 billion worth of US goods imported into the country. In addition to the federal response, several Canadian provinces have escalated ...

Insurance through superannuation stages a comeback

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
... with 8.1 million lives now protected, up from 7.6 million. APRA data shows group cover through superannuation led to $1.7 billion in death benefits and $3 billion in TPD payments in 2023-24. Disability income insurance (DII) also saw a decline post-reforms ...

BNP Paribas wins new custody mandate

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
... provides custody services to three of the top five insurers in Australia. The mandate with Medibank, which holds $3.7 billion in funds under management, follows several mandates announced by BNP Paribas' business in Australia throughout last year. BNP ...

Active ETF issuance forebodes bigger market share: Expert

KARREN VERGARA  |  TUESDAY, 4 MAR 2025
... Morgan AM's newly released Guide to ETFs shows that the Australia and New Zealand markets collectively comprise US$151 billion of assets - some US$34 billion sit in active ETFs. In Australia alone, active ETF equity assets boast a 53% CAGR since ...

UniSuper launches fresh brand campaign

MATTHEW WAI  |  TUESDAY, 4 MAR 2025
The $149 billion super fund is going to market with a new advertising initiative that asks Australians to imagine their dream retirement and how they'll get there. The campaign is being rolled out across television, online, outdoor, radio, print, owned ...