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Showing 1571 - 1580 of 1758 results for "Covid"

Westpac AUSTRAC bill continues to grow

ELIZABETH MCARTHUR  |  TUESDAY, 14 APR 2020
... Westpac chief executive Peter King maintained the bank is well positioned to respond to the volatile environment amid the COVID-19 pandemic. However, Westpac's next results are expected to include an impairment charge in anticipation of credit losses ...

COVID-19 damage to stretch several quarters: Natixis IM

ALLY SELBY  |  TUESDAY, 14 APR 2020
Despite global market rebounds, Natixis Investment Managers believes the economic damage of the COVID-19 pandemic will stretch several quarters beyond the containment of the virus. There are now nearly two million confirmed cases of the coronavirus ...

Changes to foreign investment rules hurt managed funds

ALLY SELBY  |  TUESDAY, 14 APR 2020
... destination for investment. "The reforms importantly aim to safeguard the national interest against opportunism amidst the COVID-19 crisis," he said. "However, it also creates needless complications for managed funds that invest broadly across different ...

Chief economist update: BOK holds as infections ease

BENJAMIN ONG  |  TUESDAY, 14 APR 2020
... over a medium-term horizon, while paying attention to financial stability." "In view of the mounting economic impact of the COVID-19 pandemic, the board will conduct monetary policy in an accommodative manner in order to mitigate downside risks to the ...

Isolated advisers enter the digital age

ALLY SELBY  |  THURSDAY, 9 APR 2020
... known for its reliance on pen and paper, financial advisers have been quick to pivot their business models in the face of COVID-19 and embrace technology. For tech-savvy advisers the COVID-19 spurred shutdown will likely see no material change to their ...

Never say never to RBA help: First State Super

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
... despite First State having recently repriced its own unlisted assets, like other super funds, out of cycle. Asked whether the COVID-19 fallout would see the fund delay its plans to merge with VicSuper - as other funds have - Graham said the plan was ...

What's next for income-focused funds

KANIKA SOOD  |  THURSDAY, 9 APR 2020
... Telstra, which has cut dividends over the last few years could be a beneficiary of the world telecommuting de riguer [during COVID] which has forced people to add to their plans," he said. Hamson said the fund is focused on buying good companies that ...

Trading platforms see record use

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
The COVID-19 pandemic saw Australia's equity markets become a hive of activity throughout March, as self-directed investors moved to protect their portfolios from the crisis' economic fallout. Investment platform Self Wealth released its quarterly ...

Asset values could drop to 2017 levels: MSCI

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
... decision of super funds to make out-of-cycle write downs to the value of their unlisted property assets in response to the COVID-19 pandemic is "more comparable" to what happened around the time of the GFC than the early 90s recession. As a result, Reid ...

Will COVID-19 kill the balanced option?

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
As consumers saw their superannuation balances nosedive when the COVID-19 pandemic began wreaking havoc on the market, many were surprised to learn their retirement savings weren't quite as safe as they thought, reigniting the debate around 'balanced' ...