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Showing 1651 - 1660 of 7225 results for "Record"

Mirae appoints local chief executive

ANNABELLE DICKSON  |  TUESDAY, 13 JUL 2021
... BlackRock. "Combined with Kris's deep knowledge and understanding of investment management sector and his successful track record in growing businesses and developing people, we look forward to his contribution towards strengthening the Australian business," ...

Active managers lead new ETF issuers

ANNABELLE DICKSON  |  MONDAY, 12 JUL 2021
... multi-asset ($752 million) and listed property ($242 million). Funds under management across the industry grew 22% to the new record of $115 billion, having surpassed $100 billion in March. Further to this, trading values are at the same levels as the ...

Economic recap: Week to July 9

BENJAMIN ONG  |  MONDAY, 12 JUL 2021
At its July 6 meeting, the Reserve Bank of Australia (RBA) kept the cash rate unchanged at 0.1% and retained the April 2024 bond as "the bond for the yield target" - against speculation that it would roll this over to the November 2024 bond. At the ...

Advice engagement jumps during COVID-19

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
... engage with their adviser. A study by ASX-listed firm ClearView shows that demand for financial advice is building - despite record numbers of advisers leaving the industry. Some 54% of advisers ClearView surveyed believe that COVID-19 has increased ...

MySuper performance soars

ANNABELLE DICKSON  |  FRIDAY, 9 JUL 2021
MySuper options have delivered the best annual financial returns in over three decades, new research shows. The latest data from Rainmaker Information's Default MySuper Index recorded 2020/21 financial year returns of an average of 18%, after all fees ...

Funds grilled despite record returns

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
... chief executive Justin Arter appeared before the committee, chaired by Liberal MP Tim Wilson today. The funds both reported record returns for the 2021 financial year, with Cbus returning 19.34% in its MySuper option and AustralianSuper's MySuper option ...

Netwealth FUA, inflows rise

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
Netwealth ended the June quarter with a 12% increase in funds under administration (FUA) and a 102% increase in inflows. The platform recorded $47.1 billion in FUA, up from $41.8 billion in March and a 49.6% increase to the previous corresponding period. ...

AMP Capital GEFI sold to Macquarie

JAMIE WILLIAMSON  |  THURSDAY, 8 JUL 2021
AMP is selling AMP Capital's Global Equities and Fixed Income business to Macquarie, with the division valued at $185 million. Under the sale, the global equities and fixed income capabilities will be combined with Macquarie's public investments ...

ACSA chief executive steps down

ANNABELLE DICKSON  |  WEDNESDAY, 7 JUL 2021
... Brown said. ACSA members provide custody services along with investment administration, accounting and taxation books of record. In February, ACSA released statistics that showed nearly a quarter or $973.2 billion of the $1 trillion custody asset pool ...

FASEA maintains low pass rate

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
The Financial Adviser Standards and Ethics Authority (FASEA) exam held in May recorded another low pass rate, continuing the trend of previous exams. Of the 1894 advisers that sat the exam, 69% passed. This is in line with the March results which also ...