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Showing 1861 - 1870 of 7097 results for "June 2011"

Short consultation window for stamping fee exemption

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
The consultation window for the exposure draft set to extend the ban on conflicted remuneration to listed investment companies and trusts is open, for a short period of time. Stakeholders have been given just one week to respond to the government's ...

Global manager shuts fund

KANIKA SOOD  |  FRIDAY, 5 JUN 2020
AXA Investment Managers has decided to close a $109 million fund as its largest investor pulls out. The AXA IM Global Dynamic Equity Plus fund invested in global equities and was 3.06% under its benchmark MSCI World Index ($A, unhedged) after fees for ...

Global ETF leaders push for reform

ALLY SELBY  |  FRIDAY, 5 JUN 2020
The world's largest exchange traded product issuers have partnered to petition for classification reform, in a move which BlackRock head of iShares Australasia Christian Obrist said would help to improve transparency for investors. In a proposal to ...

Chief economist update: The ECB's PEPP economy

BENJAMIN ONG  |  FRIDAY, 5 JUN 2020
When the going gets tough... the European Central Bank (ECB) gets more policy provision going. At its June 4 Governing Council meeting, the central bank raised the size of its Pandemic Emergency Purchase Program (PEPP) by €600 billion to a total of ...

MLC Life names new chief executive

JAMIE WILLIAMSON  |  THURSDAY, 4 JUN 2020
MLC Life has appointed a new chief executive and managing director, effective June 15. Rodney Cook has been appointed to lead MLC Life, close to six months after David Hackett departed the insurer. He will replace Sean McCormack who has been acting ...

Retirement specialist makes board appointment

ALLY SELBY  |  THURSDAY, 4 JUN 2020
An Australian retirement income solution provider appointed an independent non-executive director to its board, effective June 1. Sally Evans has nabbed the role at Allianz Retire+, bringing with her more than 30 years' experience in investment, wealth ...

Arena REIT completes oversubscribed capital raise

ALLY SELBY  |  THURSDAY, 4 JUN 2020
The ASX-listed social infrastructure developer has raised $60 million in an oversubscribed institutional placement, raising $10 million more than previously hoped. Due to the strong support of its existing and new investors, Arena REIT said the institutional ...

Chief economist update: Australian recession - the next generation

BENJAMIN ONG  |  THURSDAY, 4 JUN 2020
Technically, we're not there yet but Federal Treasurer Josh Frydenberg opted not for a stay of execution and acknowledged that Australia's 29-year recession-free run is over. "Well, the answer to that is yes. And that is on the basis of the ...

Economic outlook not as bad as predicted: RBA

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
The Reserve Bank of Australia governor Phillip Lowe said the extent of the economic downturn, as a result of the impacts of COVID-19, is not as dire as expected. At the June meeting, the RBA board decided to maintain the current policy settings, keeping ...

Clime buys Madison Financial Group

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUN 2020
The much-anticipated sale of Madison Financial Group was finalised Tuesday evening, with the buyer paying $4.5 million to $5 million, Financial Standard understands. Clime Investment Management will be the new owner of Madison Financial Group, which ...