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Showing 201 - 210 of 1395 results for "MAG"

Base rate lifts to 4.35%

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
The Reserve Bank of Australia (RBA) hiked the cash rate to 4.35% as it continues to grapple with subduing inflation. RBA governor Michele Bullock yesterday pushed up the base rate by another 25 basis points, saying that while inflation in Australia ...

GQG Partners FUM declines

ANDREW MCKEAN  |  TUESDAY, 7 NOV 2023
GQG Partners has posted a US$1.9 billion reduction in its fund under management (FUM) in October. The US-based boutique fund manager revealed in an ASX announcement that its FUM had fallen from US$105.8 billion as of September 30 to US$103.9 billion ...

Magellan chief executive quits

CASSANDRA BALDINI  |  WEDNESDAY, 25 OCT 2023
After 17 months in the top job, David George has relinquished his positions as Magellan Financial Group chief executive and managing director, effective immediately. Magellan's board said it is the right moment to redirect their leadership and thanked ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
The Federal Court has found in favour of Diversa in the case brought by ASIC in 2021 which alleged the trustee knew about a now banned adviser's dodgy behaviour but failed to act. In October 2021, ASIC commenced civil penalty proceedings against ...

Magellan mulls converting closed-end fund

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
Magellan Asset Management is considering overhauling the structure of one of its funds as it persistently trades below its net asset value. The closed-end Magellan Global Fund (MGF) is up for review as the board weighs up converting it into an open-end ...

Best and worst ETFs of past 12 months

ANDREW MCKEAN  |  THURSDAY, 12 OCT 2023
Stockspot has identified technology ETFs as the standout investment over the past 12 months. The Global X FANG+ ETF and the Global X Semiconductor ETF (SEMI) topped its rankings with gains of 56.1% and 55.5%, respectively. These returns are largely ...

Magellan FUM, share price tumble

ANDREW MCKEAN  |  FRIDAY, 6 OCT 2023
Magellan Financial Group's funds under management (FUM) has continued to nosedive, following the fund manager registering $2 billion in net outflows. At September end, the ASX-listed company's FUM stood at $35 billion, consisting of $16.2 billion from ...

Smart beta 'taking over' active management share: VanEck

ANDREW MCKEAN  |  THURSDAY, 5 OCT 2023
Financial advisers are increasingly incorporating smart beta ETFs in clients' investment portfolios, a survey shows. According to the latest VanEck Smart Beta Survey, over 80% of financial professionals plan to maintain or increase their smart beta ...

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
Platinum Asset Management has reported net outflows of $912 million in August, the month also saw the resignation of founder and chief executive Andrew Clifford. The outflows were largely driven by a previously disclosed $650 million redemption from ...

APRA finds signs of step change in remuneration practices

ANDREW MCKEAN  |  THURSDAY, 7 SEP 2023
APRA has found early signs of change in the remuneration practices of financial services entities in a review of how Prudential Standard CPS 511 has been applied. In a letter to all APRA-regulated entities, the regulator said it was pleased with the ...