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Showing 1521 - 1530 of 14210 results for "Interest"

Global X accelerates push to leapfrog local rivals

ANDREW MCKEAN  |  WEDNESDAY, 6 DEC 2023
Global X is intensifying efforts to challenge local ETF managers, targeting an ambitious growth in assets under management (AUM) by the end of 2024. The ETF manager, having reached $6 billion AUM in 2023, is now pursuing a goal of $10 billion by 2025 ...

Interest rates on hold as RBA pauses

CHLOE WALKER  |  WEDNESDAY, 6 DEC 2023
In its final decision of the year, the Reserve Bank of Australia (RBA) kept interest rates unchanged at 4.35%. The decision to hold spares borrowers a sixth interest rate rise in 2023, following a 25 basis point increase at its previous meeting in November. ...

Qantas Super takes merger plans to new heights

JAMIE WILLIAMSON  |  TUESDAY, 5 DEC 2023
Qantas Super recently provided an update as to its merger plans, including the appointment of a dedicated committee and an outline of the three key issues forcing its hand. In September, the $8.4 billion fund confirmed it was exploring its options in ...

Ultra-low fees define basic ETPs

ANDREW MCKEAN  |  TUESDAY, 5 DEC 2023
... lower buy/sell spread of 0.02% but a slightly higher management fee of 0.16% per annum. Among single asset classes, fixed interest ETPs rank as the most expensive, with total costs ranging from 0.14% to 0.4% and an asset-weighted cost of 0.22%. Meanwhile ...

Superhero Super swallows Smartsave, overhauls offerings

KARREN VERGARA  |  TUESDAY, 5 DEC 2023
Diversa Trustees sub-plans Smartsave and Superhero Super have merged as the latter announces significant changes to its fees, structure, and investment menu. On October 26, Smartsave moved into Superhero Super. This was after a "thorough evaluation ...

Payday super protects most vulnerable: SMC

CHLOE WALKER  |  MONDAY, 4 DEC 2023
... unpaid super or a higher retirement balance due to more frequently paid employer super contributions attracting compound interest for longer." Roxon added that moving to payday super modernises outdated laws, making the system fairer and more equitable ...

Changing retirement landscape needs regulatory framework: Actuaries Institute

CASSANDRA BALDINI  |  MONDAY, 4 DEC 2023
The government has been encouraged to create a regulatory framework that empowers superannuation trustees to offer members targeted help, guidance, and advice (HGA) on issues outlined in the Retirement Income Review (RIC). The Actuaries Institute dialogue ...

Income investors to thrive in 2024: Report

CHLOE WALKER  |  MONDAY, 4 DEC 2023
... who shared his top investment ideas in Morningstar wealth's 2024 outlook report, said the recent large-scale reset in interest rates presents an excellent opportunity for income-producing assets. "All investors need to consider interest rates. It impacts ...

Former Schroders executive enters VC space

ELIZABETH FRY  |  FRIDAY, 1 DEC 2023
... year, Antler announced the successful closure of the $425 million Global Elevate Fund and has continued to see strong interest and commitments to its early-stage strategies globally. The Antler board is co-chaired by Sheila Patel, former chair of Goldman ...

Global X slashes ETF fees

CHLOE WALKER  |  FRIDAY, 1 DEC 2023
... favourable fixed income opportunities presented by global economic conditions," Metcalf said. "We observe increased investor interest in the role of bonds within a portfolio, driven by historically robust yields, and a positive market outlook further ...