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Showing 1501 - 1510 of 9951 results for "Stock"

Magellan posts bumper profits, raising $275m

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
Magellan Financial Group reported a 78% jump in its profit for the financial year ending June and announced a $275 million institutional raise for MFG shares this morning. Magellan's stable of well-performing equities funds are now managing an average ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... kept the Bank Rate on ice since it lifted it by 25 bps to 0.75% this time last year while at the same time maintaining "the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion". The BOE is now expected ...

New distribution head for listed platform

ELIZABETH MCARTHUR  |  MONDAY, 12 AUG 2019
Xplore Wealth announced the appointment of a new head of distribution and marketing. Anne Hamieh steps into the role, which has been empty since Tony Nejasmic departed for Lonsec in June. Hamieh was most recently intermediary sales manager at Vanguard ...

BT advice boss lands new role

KANIKA SOOD  |  WEDNESDAY, 7 AUG 2019
The former general manager of BT Financial Advice, who was grilled at Royal Commission hearings last year, will lead an ASX-listed managed accounts provider for a $500,000 base salary. Michael Wright will join Xplore Wealth (formerly Managed Accounts ...

Woodford suspension extended again

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
Woodford Equity Income Fund investors are unlikely to have access to their money in time to do their Christmas shopping. Link Asset Services confirmed last week that the Woodford Equity Income Fund is likely to remain suspended another four months ...

Pengana adds fee class for global equities fund

KANIKA SOOD  |  THURSDAY, 1 AUG 2019
The $97 million Pengana International Fund will now be available with a lower base fee and a performance fee structure, in response to adviser demand. Pengana has traditionally offered the fund to financial advisers at a flat 0.974% management fee per ...

Patersons launches first SMAs

ELIZABETH MCARTHUR  |  THURSDAY, 1 AUG 2019
Patersons Securities has launched its first separately managed account offerings. The stockbroking and wealth management firm released two SMA models this week. The models had previously been run by Patersons as in-house model portfolios. It is the ...

Industry not impressed with APRA

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
... transparency and accountability. "In the wake of both the Royal Commission and the more recent Capability Review, APRA is taking stock of how it can bring into effect a significant number of recommendations about how we must do more in new areas of risk ...

London Stock Exchange in talks to buy Refinitiv

KRISTI CHENG  |  TUESDAY, 30 JUL 2019
London Stock Exchange has confirmed it is in talks to acquire Refinitiv in a US$27 billion deal. The deal would see the stock exchange buying Thomson Reuters' 45% stake in Refinitiv, a global provider of financial markets data and infrastructure that ...

Pinnacle kicks off race to zero-fee ETFs

KANIKA SOOD  |  MONDAY, 29 JUL 2019
... relationship between an ETF's FUM and its MER, which includes expenses paid to the index provider, fund administrator, auditor, and stock exchange. "Potentially yes, all of these are negotiable based on the actual or more importantly, expected FUM for ...