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Showing 1741 - 1750 of 12383 results for "May"

Lowe hands down RBA board shake up

CASSANDRA BALDINI  |  THURSDAY, 13 JUL 2023
... current frequency of 11 times per year to eight times per year. Four will be scheduled for the first Tuesday of February, May, August, and November, while the remaining four will be conducted approximately midway between these designated meetings. Board ...

Australian ETF industry crosses $150bn milestone

ANDREW MCKEAN  |  THURSDAY, 13 JUL 2023
... foreseeable future." In contrast, Morningstar data shows unlisted funds have seen net outflows of $23.4 billion between January and May this year. According to Betashares analysis of ASX and Cboe data, it received the largest net inflows in the first ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
Fund managers that were recently acquired or have undergone significant structural changes are seeing massive outflows within their unit trust business to the tune of $21 billion. According to Rainmaker's Benchmarking research note, an interesting ...

UK pensions tapped to strengthen local startups

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
The UK Treasury has announced plans to consolidate the nation's pension fund sector and unlock £75 billion in retirement savings to back high-growth companies. Yesterday, Chancellor Jeremy Hunt delivered the Mansion House reforms and cited plans ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... said. "Banks manage their operations with an eye on the entire system, and as such, adjustments to one part of the regime may imply adjustments to another." Over the past nine months, Barr said he engaged with a wide range of stakeholders to get a broad ...

Equity managed funds in record outflows: Calastone

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
... bond prices down and this slowed the inflows, but with yields now having reset at even more attractive levels this slowing may well prove temporary," she said. Short-dated fixed income funds currently offer income of 4.4%. The 10-year Australian bond ...

Count hunts new operations chief

CHLOE WALKER  |  TUESDAY, 11 JUL 2023
... continues to grow its adviser network, having recently added 75 practices through the acquisition of TAL's Affinia licensee in May. At the time, Humphrey said the acquisition signalled a new dynamic phase for the company, "giving clients greater certainty ...

GQG hits US$104bn in FUM

ANDREW MCKEAN  |  MONDAY, 10 JUL 2023
... quarter." GQG's global, international and US equity positions are now overweight in the Information Technology sector as at 31 May 2023. Meanwhile, despite a "difficult industry environment", the asset manager added that it continues to see a reasonable ...

16% of asset managers to exit by 2027: PwC

ANDREW MCKEAN  |  MONDAY, 10 JUL 2023
... building market share and mitigating risks will drive deal appetite over the next year and beyond, though some transactions may be held up by valuation uncertainty and funding constraints in the short term," PwC said. "The need for control of distribution ...

Iress expands superannuation leadership

CHLOE WALKER  |  MONDAY, 10 JUL 2023
... The appointment follows Iress chief executive Marcus Price detailing a product-led growth strategy at the company's AGM in May. It also follows a major restructure in April aimed at enhancing the group's focus on financial advice, trading and market ...