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Showing 191 - 200 of 555 results for "Year End"

How much Future Fund spends in fees

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
Australia's sovereign wealth fund returned a stellar 11.5% in the year to June, but how much did it spend on fees? In its annual report published this week, the Future Fund reported it had a "direct ratio cost" of 0.203% and "look-through costs" ...

CommInsure eyes deferred lifetime annuities

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
CommInsure is looking to expand its annuity offering as it sees opportunity in the fast-approaching deadline for superannuation funds to develop comprehensive retirement income products (CIPRs). The life insurer, which is in the process of changing ...

ASX faces challenge on ETF stronghold

KANIKA SOOD  |  TUESDAY, 15 OCT 2019
... more listings to come. "We are expecting to have a number of other funds on Chi-X... about four to five on the market by year end," Jokovic said. Six to seven ETF product issuers are approved to list their ETFs on the exchange, Chi-X director, product ...

CFSGAM picks new name, updates on CBA separation

KANIKA SOOD  |  MONDAY, 16 SEP 2019
Colonial First State Global Asset Management has kept its initials but picked a French name, as its chief executive and financial officer announce a rebrand and operational update under its new owner. CFSGAM will henceforth be called First Sentier Investments ...

Queensland-based AFSL suspended

ELIZABETH MCARTHUR  |  TUESDAY, 10 SEP 2019
ASIC has suspended the AFS licence of a Queensland-based financial advice practice over concerns it was not meeting its obligations as a licensee. The regulator said Financial Options Pty Ltd failed to lodge its accounts and audit report for the year ...

Perpetual profits dip, investments down 29%

KANIKA SOOD  |  THURSDAY, 22 AUG 2019
Perpetual reported 17% lower net profit after tax of $115.9 million for the year ending June, as its value-style funds underperformed and had to hand back institutional money. Perpetual Investments, which is the biggest contributor to group profits ...

Netwealth FUA, adviser numbers rise

KARREN VERGARA  |  MONDAY, 19 AUG 2019
... during FY2019. A key driver of this increase was the increase in the average account size to $323,000 per account at year end. Larger accounts typically earn higher transaction and ancillary fee income as these clients desire higher functionality." Netwealth's ...

Sovereign wealth fund plans Ancestry.com retreat

KANIKA SOOD  |  FRIDAY, 16 AUG 2019
... funding a special dividend, the report said, adding that the investors are also looking for an extra distribution before year end. In May, Ancestry.com passed 15 million members in its DNA network. It has three million paid subscribers and generated ...

Magellan posts bumper profits, raising $275m

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
Magellan Financial Group reported a 78% jump in its profit for the financial year ending June and announced a $275 million institutional raise for MFG shares this morning. Magellan's stable of well-performing equities funds are now managing an average ...

Pinnacle profits up 32%

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
Pinnacle Investment Management profits jumped 32% to the year ending June with Firetrail accounting for most of the net institutional inflows across its 13 affiliates. The ASX-listed business, which takes stakes in boutique investment firms and offers ...