Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1531 - 1540 of 6256 results for "December 19"

Pinnacle reports FY20 inflows, profits

KANIKA SOOD  |  TUESDAY, 4 AUG 2020
... billion in total funds under management at June 30, up 8% over June, 2019. However, total assets went backwards after December (when they stood at $61.6 billion) as net inflows slowed in both retail and institutional markets and COVID-19 volatility affected ...

SelfWealth awards brokerage mandate

ALLY SELBY  |  TUESDAY, 4 AUG 2020
ASX-listed trading platform SelfWealth has renewed its clearing, settlement and execution (CS&E) mandate with retail broker OpenMarkets, in a move that it says demonstrates the two fintech's shared objective of disrupting the status quo. The agreement ...

Magellan to restructure retail global equities funds

KANIKA SOOD  |  MONDAY, 3 AUG 2020
Magellan is seeking unitholder approval to create a mega fund of $15 billion that would combine the investment pools of the unlisted, ETF and LIT versions of the Magellan Global Fund. Magellan will create a single trust and issue two unit classes - ...

ESG funds crowned winners of COVID-19 crisis

ALLY SELBY  |  MONDAY, 3 AUG 2020
Australasian sustainable funds attracted inflows worth more than $207 million in the second quarter of 2020, with Australian Ethical and Dimensional reaping the majority of these rewards. Morningstar's latest Global Sustainable Fund Flows report, which ...

Gold rally continues to hit new highs

ALLY SELBY  |  THURSDAY, 30 JUL 2020
Both AMP Capital's Shane Oliver and Saxo Capital Markets' Eleanor Creagh believe there is further upside for gold, as investors desperate for an inflationary hedge send prices soaring higher. Futures contracts for gold hit all-time highs on Monday ...

CBA ups remediation bill for advice

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
The Commonwealth Bank of Australia has announced an extra $300 million has been added to its remediation bill in relation to ongoing service fee and customer remediation costs. CBA said it is constantly addressing the full range of remediation issues ...

ASIC terminates illegal investment scheme

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
The Federal Court has taken action to dissolve an unregistered investment scheme operated by a former AMP authorised representative. MyWealth Manager was operated by Mustafa Mohammed, along with Mahek Mustafa, Mubashir Mohammed. The scheme related to ...

Tasmania leads the nation: CommSec

ALLY SELBY  |  TUESDAY, 28 JUL 2020
For the first time since October 2009, Tasmania has taken out CommSec's top gong as the best performing economy in its own right. It replaces Victoria, which has held the top spot in the online stockbroker's State of the States survey - either outright ...

Sydney boutique winds up fund

KANIKA SOOD  |  TUESDAY, 28 JUL 2020
Redpoint Investment Management has wound up its industrials fund but will continue to offer it as the much-bigger model portfolio. The boutique decided to shutter its industrials fund (and equivalent mFund), saying it has not been able to grow the funds ...

APRA intervention blindsided AFA, FPA taskforce

ELIZABETH MCARTHUR  |  TUESDAY, 28 JUL 2020
At the Financial Services Council Life Insurance Summit, the heads of financial advice industry associations admitted to being blindsided by APRA's intervention on individual disability income insurance. Association of Financial Advisers chief executive ...