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Showing 1691 - 1700 of 4414 results for "Ele"

Global equities fund purges tobacco, fossil fuels

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
An international equities fund that holds about $300 million of Aussie insto money is purging itself clean of all investments in tobacco and fossil fuels. Vontobel is a Swiss asset manager with $167 billion in assets under management. About 11.4% of ...

Intra-fund advice conflicted: Royal Commission

KARREN VERGARA  |  THURSDAY, 16 AUG 2018
Colonial First State admitted to falling below community standards when it crafted poor communication to super fund members to dissuade them from moving to a cheaper default option. One financial adviser was banned in the process, the Royal Commission ...

AFIC appoints chair

KANIKA SOOD  |  WEDNESDAY, 15 AUG 2018
Australia's oldest listed investment company is seeing a change of guard in its corporate governance as the current chair retires after 34 years on the board. Terrence Campbell will not seek re-election at the October 9 annual general meeting of the ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
Operational constraints and poor systems once again took a beating at this morning's Royal Commission hearing, contributing to what Colonial First State admits was a lengthy transition of members to MySuper products. CFS executive general manager ...

Mainstream enters SMA market

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
Mainstream Group is launching a separately managed account investment solution, one which the company says is its official entry into digital services targeted at financial advisers. The SMA solution will be initially launched in Australia. It will ...

New fund to invest in "clean disruption" tech

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
An investment platform led by former Macquarie bankers has launched a new thematic fund that will invest in listed companies that produce and utilise clean disruption technology. AtlasTrends was founded in 2015. Since then, two of its three funds have ...

Chief economist update: Turkey's roasted

BENJAMIN ONG  |  MONDAY, 13 AUG 2018
Think it's called a "swan dive" not a "Turkey" dive but this is exactly what the Turkish lira did over the past week as it engaged the world's biggest superpower into a diplomatic stoush. "I fought the law and the law won." - The Clash America ...

AMP wealth arm leaked $873 million in first half

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
AMP's wealth management arm, which includes its superannuation and platform products, saw net outflows of $873 million in the first half of 2018. By comparison, it had recorded net inflows of more than $1 billion in first half of last year. AMP's North ...

Chief economist update: Not before we get a pay rise

BENJAMIN ONG  |  MONDAY, 6 AUG 2018
Just in time for tomorrow's Reserve Bank of Australia (RBA) monthly board meeting, ME Bank published the results of the 14th survey of its "Household Financial Comfort Report", taken last June. "The ME Household Financial Comfort Report provides ...

Mis-selling super a win for consumers

JAMIE WILLIAMSON  |  THURSDAY, 2 AUG 2018
An advocacy body for superannuation fund members established in 2013 will finally become fully operational thanks to $2.5 million in penalties paid by CBA and ANZ for the mis-selling of super products. The Superannuation Consumers' Centre will receive ...