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Showing 1701 - 1710 of 12383 results for "May"

Online investor numbers dip as cost-of-living bites

CHLOE WALKER  |  FRIDAY, 4 AUG 2023
... cause for the decline in online investing this year. Based on a survey of 22,324 investors and traders conducted from April to May, found about 1.28 million Australians placed trades on shares or ETFs in the 12 months to May, down from 1.51 million six ...

Former director pleads guilty to super misuse

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
... lend those funds to his two companies, Secure Investments Pty Ltd and Aquila Group Pty Ltd. The regulator said between 13 May 2015 and 6 January 2020, the former director dishonestly obtained more than $520,000 from six investors on the basis that the ...

Trust trumps product advice: Research

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... adviser. Trust was found to increase with age, wealth, tenure, and financial literacy. Australian Retirement Trust said this may suggest that the more time a client spends with an adviser, the more they come to understand and appreciate the value their ...

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... "Our message to industry is that CFD target markets should be narrowly defined given the significant risk that retail clients may lose all of their deposited funds. CFD issuers must comply with the design and distribution regime and cannot simply reverse ...

HUB24 unveils new data feeds

CHLOE WALKER  |  WEDNESDAY, 2 AUG 2023
... documents, which also supports compliance processes." The upgrades follow in a long line of recent developments for HUB24. In May, HUB24 agreed to buy finance app myprosperity for $40 million. "The acquisition is expected to deliver long term shareholder ...

Mortgage holders, retailers relax after rate pause

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... the latest pause will help bolster business confidence and gives retailers "cautious optimism around whether interest rates may be lowered in the near future". "Continued interest rate hikes have the dual effect of reducing customer spending whilst also ...

Mayfair 101 calls for senate inquiry into ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 2 AUG 2023
... founder and chief investment officer of hedge fund Bronte Capital, that was sent directly to ASIC deputy chair Karen Chester may have been what triggered the regulator's investigation. Chester and Hempton previously worked together at the Department ...

Raiz increases portfolio fees

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... Diversa to Equity Trustees after it was determined that a successor fund transfer was in the best interests of members. In May, it launched the Raiz Property Fund to enable investors to allocate up to 30% of their portfolio to properties nationwide.

RBA sustains cash rate at 4.1%

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... determination to return inflation" and "will do what is necessary to achieve that". The base rate has skyrocketed by 4% since May last year. More than one year later, Lowe said that the higher rates are working to establish a more sustainable balance ...

State Street brings Fund Connect ETF Portal to Australia

ANDREW MCKEAN  |  TUESDAY, 1 AUG 2023
... and redemption of exchange-traded funds (ETFs), acting as a central platform for accessing issuers. State Street flagged in May last year that the platform would hit local shores, having received jurisdictional approval around the time it launched in ...