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Showing 1881 - 1890 of 14210 results for "Interest"

NGS Super names chief executive

ELIZABETH FRY  |  WEDNESDAY, 7 JUN 2023
Natalie Previtera has been permanently appointed to the role of chief executive after acting in the role for nearly a year. Her appointment followed the retirement of Laura Wright. Previtera joined the $13 billion asset owner in 2019 and was appointed ...

HNW population sees biggest decline in decade

CHLOE WALKER  |  WEDNESDAY, 7 JUN 2023
The global high-net-worth (HNW) population dropped by 3.3% to 21.7 million in 2022, while the value of its wealth decreased by 3.6% to $124.3 trillion, according to Capgemini's latest World Wealth Report. This drop, stated by the report, is the steepest ...

SMSFs continue to fly solo

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2023
... typical to see increased allocation to defensive assets such as fixed income or cash products during uncertain times. With interest rates rising, the data suggests SMSFs are favouring assets that they see as low risk, with trustees now allocating 22% ...

Cash rate hits 4.1%

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... highest level in more than a decade. Some underlying inflationary pressures in the economy cannot simply be fixed by hiking interest rates," said Groves. In the lead up to today's announcement, inflation stubbornly sat at 6.8% in May, up from 6.3% in ...

ASIC bans former Madison adviser

CASSANDRA BALDINI  |  TUESDAY, 6 JUN 2023
... misleading statements and omissions. The regulator further alleged Vick had a business structure that created conflicts of interest, prioritised his interests over the clients' interests, and accepted conflicted remuneration. Vick's banning is recorded ...

Advisers outsourcing to amplify investment capabilities: Mason Stevens

ANDREW MCKEAN  |  TUESDAY, 6 JUN 2023
A Mason Stevens whitepaper says that financial advisers are increasingly embracing outsourcing of their investment capability. Mason Stevens said the main economics of outsourcing are the time freed up for the adviser to nurture client relationships ...

SEC sues Binance, chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2023
... "Through 13 charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law," said SEC chair Gary Gensler. "As alleged, Zhao and Binance misled investors ...

First Sentier clients walk away with $13bn

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... volatile markets tend to see more movements. For example, cash is an asset class that sees volatility of flows based on interest rates - a higher interest rate environment may see clients seeking to take advantage of higher yields." One fund that took ...

Economists divided over cash rate decision

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
... only fractionally below the 2008 Global Financial Crisis peak. Lately, the index has been on the rise again. Current interest rate hikes have triggered cost-of-living pressures, though inflation is expected to subside through 2023. GDP growth is expected ...

Quality stocks outperform on average: Bell AM

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
... back in vogue as institutional investors seek out companies with high probability and strong balance sheets amid rising interest rates. Speaking to Financial Standard Bell Asset Management chief investment officer Ned Bell explained that the mean reversion ...