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Showing 1601 - 1610 of 7108 results for "December"

Magellan continues fund restructure

ANNABELLE DICKSON  |  MONDAY, 18 JAN 2021
... option is exercised. Those eligible for the partnership offer must have been a unitholder in the Magellan Global Fund on 8 December 2020. The partnership benefits will be funded by Magellan and is open until February 23 while the expected date for the ...

Chief economist update: Eurozone at risk of double-dip

BENJAMIN ONG  |  MONDAY, 18 JAN 2021
... activity improved from the six-month low reading of 45.3 in November, it remains in contraction (below 50) at 49.1 in December. It was dragged down by a fourth straight month of contraction in the service sector to 46.4 due to the negative effects of ...

Platforms start to shake ERS impact

KANIKA SOOD  |  FRIDAY, 15 JAN 2021
... A$0.5bn) which should see platform flows inflect positive in 4Q CY20," the note read. Credit Suisse thinks the ERS's end in December 2020 should benefit the institutional platforms like IOOF, who were the most affected by the scheme. In individual platforms ...

Pendal reports $1.6bn in net outflows

KANIKA SOOD  |  FRIDAY, 15 JAN 2021
Investors pulled $1.6 billion net from Pendal Group's strategies in the December quarter, but total funds under management grew 5.4% to hit $97.4 billion as performance picked up. The net outflows of $1.6 billion were mostly from the JO Hambro Capital ...

Chief economist update: Yuan the victim of China's success

BENJAMIN ONG  |  FRIDAY, 15 JAN 2021
... Despite the yuan's sharp appreciation, Chinese exports jumped by 18.1% to a fresh record high of US$281.9 billion in December 2020, mainly supported by increased demand for protective equipment and working from home products. This should continue ...

Bad year for super funds

KANIKA SOOD  |  THURSDAY, 14 JAN 2021
... year, while only 33 had a positive year, according to APRA's fund-level data for the year ended June 2020, released in December. APRA calculated superannuation funds' net earnings by subtracting their spending on investment expenses, administration costs ...

Bell Financial Group profits up 44%

KANIKA SOOD  |  THURSDAY, 14 JAN 2021
... Financial Group this morning said its net profit after tax for 2020 increased 44% to $46.7 million for the year ending December. The unaudited results precede the results announcement coming in February. Revenue increased 18% to $299 million. Earnings ...

IFM impersonated in scam

ELIZA BAVIN  |  THURSDAY, 14 JAN 2021
... an even higher premium to its market value, and to other funds' valuations of the same shares, than it did as of December 31, 2018." An IFM spokesperson told Financial Standard : "These allegations are false and as these matters are the subject of ...

MLC Life appoints executive

KANIKA SOOD  |  WEDNESDAY, 13 JAN 2021
... by disagreements on terms of the transition. Nippon in its recent statement said it injected capital into MLC Life in December 2019 [$290 million] and June 2020 to ensure the business's soundness and support execution of their business plan. MLC ...

Legacy pensions score win

KARREN VERGARA  |  WEDNESDAY, 13 JAN 2021
... change was announced in the federal government's mid-year economic and fiscal outlook (MYEFO), which was released last December. Retirees with legacy products, who were previously unable to commute amounts exceeding their transfer balance cap, will be ...