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Showing 1641 - 1650 of 1758 results for "Covid"

Statewide revises down investment objectives, ups fees

ELIZABETH MCARTHUR  |  TUESDAY, 31 MAR 2020
... fees was by two basis points in 2016. When asked whether the change in investment objectives for some options was due to COVID-19, Statewide chief investment officer Con Michalakis said: "No. Statewide Super has downside risk scorecards and stress testing ...

Super funds' dirty, poor performing stocks revealed

ELIZABETH MCARTHUR  |  TUESDAY, 31 MAR 2020
... divest. Market Forces argues that not only are the companies harming the environment, but they are not a good investment. The COVID-19 market corrections and oil crash have not been kind to the 22 companies in question. In January the 22 companies represented ...

Market recovery or dead cat bounce?

ALLY SELBY  |  TUESDAY, 31 MAR 2020
... the Aussie bourse followed a strong session in the US overnight, rising 2.7% in the first hour of trade. Despite cases of COVID-19 in the US lifting to 161,807, the Dow Jones Industrial Average rose 3.2% overnight, while the S&P 500 and the Nasdaq lifted ...

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
... yesterday, Assistant Minister for Superannuation, Financial Services and Financial Technology Senator Jane Hume said the COVID-19 crisis was rapidly revealing how some industry funds were suffering from having highly concentrated membership bases. According ...

FEW launches Livestream series

JAMIE WILLIAMSON  |  TUESDAY, 31 MAR 2020
In response to COVID-19, Financial Executive Women has launched an industry-first Livestream event series for its members. FEW Connect, which will showcase industry leaders and experts four days a week, is open to all members and staff of FEW's ...

Extraordinary stimulus provides wage subsidy

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... spending over the next six months to support the livelihoods of Australians who lose their jobs and income as a result of COVID-19. The government anticipates as many as six million Australians could be left without income as a result of COVID-19. During ...

Challenger shuffles life portfolio asset allocations

KANIKA SOOD  |  MONDAY, 30 MAR 2020
... tilted its investment portfolio away from equities and sub-investment grade fixed income and towards more liquid assets, as COVID-19 sparks volatility in most asset classes. Challenger Life has slashed equity holdings from 13% of the life investment ...

Investors flock to TCorp floating rate note

HARRISON WORLEY  |  MONDAY, 30 MAR 2020
TCorp has increased issuance into its 2025 floating rate note, as investors seek shelter from the COVID-19 pandemic and its impact on financial markets. With the COVID-19 pandemic continuing to impact financial markets, New South Wales' $108 billion ...

COVID-19 spurs greater scrutiny of foreign investment

KANIKA SOOD  |  MONDAY, 30 MAR 2020
... proposed foreign investment into Australia will be subject to regulatory approval to protect national interests during the COVID-19 crisis. The temporary measures, which came into effect on Sunday, mean that every foreign investment will be vetted under ...

Rent relief welcome news for SMSFs

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... superannuation funds that own commercial premises leased to a related party have been handed some relief form the impacts of COVID-19. The Australian Tax Office has given permission for these SMSFs to now reduce the rent for the 2019/20 and 2020/21 financial ...