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Chief economist update: Devilish details

BENJAMIN ONG  |  TUESDAY, 21 MAY 2019
It's still a month away, but when the policy board of the Bank of Japan (BOJ) meets to assess the state of the economy and its monetary policy response on 19-20 June, it could claim the economy is progressing as printed at its meeting in April. ...

Super funds to dominate ASX: Research

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
... estimates that super funds hold more than 20% of the banking sector. Including SMSFs, this figure jumps to one third. The top 10 most popular companies among super funds are: CSL, NAB, Westpac, ANZ, BHP, CBA, Westfarmers, Macquarie Group, Woolworths ...

Chief economist update: June RBA rate cut not a sure bet

BENJAMIN ONG  |  FRIDAY, 17 MAY 2019
... remain lacklustre going forward. Not only that, while total employment grew by a greater-than-expected 28,400 in April on top of a strong 27,700 addition in the previous month, the details of the ABS report showed ALL of April's gain in total employment ...

CBA down, industry up for employment

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... a hit. The bank went from being the most attractive financial institution in the country last year, to falling out of the top three completely - to fifth place. The top three instead were: ANZ, Macquarie Bank and Westpac. Speaking to Financial Standard ...

Frontier highlights best in show list weaknesses

KARREN VERGARA  |  THURSDAY, 16 MAY 2019
... relationship doesn't always hold true either," Frontier said. The asset consultant found the movement of funds in and out of the top 10 was harder to predict. Of the top 10 performing funds in the three years to 30 June 2018, four dropped from the ...

Rainmaker unveils the best wholesale managed funds

KARREN VERGARA  |  THURSDAY, 16 MAY 2019
An Australian Unity fund has topped Rainmaker's analysis of top-performers in the wholesale managed funds sector over the last three years. The Australian Unity Retail Property Fund delivered 25.1% in the three years to March 2019, outstripping ...

Advisers forgo charitable conversations: Poll

KARREN VERGARA  |  THURSDAY, 16 MAY 2019
Many financial advisers intend to incorporate charitable giving in the advice process, but the majority still do not broach the topic with clients, a Financial Standard survey shows. More than half (54%) of the financial advisers polled do not have ...

Labor proposal targets low income earners: Association

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 MAY 2019
... "would not be considered wealthy by most Australians." More than 92% of tax payers do not receive any franking credits, but the top 1% of self-managed super funds received an average cash refund in franking credits of more than $80,000 in 2014-15, according ...

Industry fund dips toes in private equity

KANIKA SOOD  |  THURSDAY, 9 MAY 2019
... equities exposures because it believes valuations are over-heated by artificially low interest rates. Its bond option is now the top performer on SelectingSuper personal super performance tables to March 13, with a 6.5% return over the year and the investments ...

Chief economist update: Not spring yet in the Eurozone

BENJAMIN ONG  |  MONDAY, 6 MAY 2019
Green shoots are appearing in the Eurozone just in time for spring. Eurostat reports its preliminary estimates show the single-currency region's GDP increased by 0.4% in the March 2019 quarter - better than market expectations for a 0.3% gain - ...