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Showing 1921 - 1930 of 8248 results for "June"

Super funds accused of chest beating on climate change

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 SEP 2020
... change news this week, ClimateWorks released a report on the superannuation sector's momentum to net zero emissions. "In June, HESTA set a portfolio-wide target of net zero emissions by 2050. In July, Aware Super announced plans to divest from thermal ...

Managed funds recover FUM losses

ANNABELLE DICKSON  |  WEDNESDAY, 16 SEP 2020
... AMP's decrease was impacted by the sale of its life insurance business to Resolution Life. Gross inflows for the year to June 2020 were $192.2 billion, up 6.9% from the previous 12 months. While wholesale funds declined 2.2% over the year to June, Challenger ...

Super fund overhauls performance on red rating

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... members," he said. The cost reductions consequently have benefitted members to the tune of $21 million per annum as at 30 June 2020. In December last year, four of Mine Super's default lifecycle products were criticised for their unsatisfactory investment ...

Former analyst gets three year sentence

KANIKA SOOD  |  MONDAY, 14 SEP 2020
... company which claimed to use its software to make promotional videos for small business owners rose from being a penny stock in June that year to crossing $3 a share by December. At one point in 2017, it was up 1,383% since the start of that year. An ...

ERS applications flat line

ELIZA BAVIN  |  MONDAY, 14 SEP 2020
... July as those who had already drawn on their savings were given the opportunity to withdraw a second time. In the week from June 29 to July 5, around 511,000 applications were received; a massive number compared to the 49,000 most recently reported. ...

HESTA adds to leadership team

ELIZA BAVIN  |  MONDAY, 14 SEP 2020
... two new "heads of" roles announced in March and follows Stephanie Weston joining the fund as head of portfolio design in June. HESTA chief executive Debby Blakey said it was vital for the investment team to have the right blend of experience, capabilities ...

High performance funds significantly underperform: Research

ALLY SELBY  |  FRIDAY, 11 SEP 2020
... found that high performance Australian equity funds significantly underperformed their benchmark over the three years to June 2020. The median high performance fund underperformed its benchmark by 300 basis points, while the median active core fund underperformed ...

Chief economist update: ECB keeps it steady

BENJAMIN ONG  |  FRIDAY, 11 SEP 2020
... currency region. The September forecasts show Eurozone GDP contracting by 8% in 2020 - better than the 8.7% slump predicted in June. Growth projections for the year 2021 and 2022 were unchanged at 5% and 3.2%, respectively. Euro area economic growth ...

ISPT writes down assets

JAMIE WILLIAMSON  |  THURSDAY, 10 SEP 2020
... this morning, ISPT chief executive Daryl Browning told chair Tim Wilson that a review of the trust's assets at the end of June saw "significant write downs" across all sectors. Browning said retail assets have borne the brunt of the impact of COVID-19 ...

NZ Super Fund posts positive result

ANNABELLE DICKSON  |  THURSDAY, 10 SEP 2020
... of Australian MySuper products and the Future Fund. The $44.8 billion fund recorded a return of 1.73% for the year ending June 30 underperforming its benchmark reference portfolio which returned 3.82%. Comparatively, Australian MySuper products delivered ...