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Showing 2211 - 2220 of 6939 results for "% December"

Chief economist update: The Fed has hit neutral

BENJAMIN ONG  |  WEDNESDAY, 27 FEB 2019
The widely-anticipated market moving event this week - US Federal Reserve Chairman Jerome Powell's semi-annual testimony before the Committee on Banking, Housing, and Urban Affairs of the US Senate - turned out to be a bummer. We've seen this ...

Local fintech investment soars

KARREN VERGARA  |  TUESDAY, 26 FEB 2019
Australia's fintech industry is catching the interest of international investors and raked in US$600 million of funding last year, according to KPMG analysis. KPMG's 2018 Pulse of Fintech report showed Australian-based Avoka and its sale to ...

Royal Commission boosts platform provider

HARRISON WORLEY  |  TUESDAY, 26 FEB 2019
Another platform provider believes it's well positioned after the Royal Commission. Releasing its half-yearly results to the ASX today, HUB24 said it expects to benefit from Kenneth Hayne's suite of recommendations for improving the wealth management ...

Equity Trustees acquires superannuation trustee

KARREN VERGARA  |  TUESDAY, 26 FEB 2019
Equity Trustees announced it will acquire a superannuation trustee for $6.2 million. Equity Trustees' parent company EQT Holdings has signed an agreement to purchase Zurich Australian Superannuation (ZAS), a subsidiary of Zurich Australia. ZAS has ...

Centrepoint emerges from the red

KARREN VERGARA  |  MONDAY, 25 FEB 2019
Centrepoint Alliance's business and leadership restructure have helped pull the ASX-listed company out of the red. Centrepoint overturned a $1.3 million loss to $100,000 of after-tax profit in the six months to December 2018. Operating expenses fell ...

Chief economist update: The RBI surprises (again)

BENJAMIN ONG  |  MONDAY, 25 FEB 2019
The Reserve Bank of India is full of surprises. When financial markets expected it to raise interest rates, it didn't. When everyone expected interest rates to remain steady, it cut. Recall that back in October 2018, the RBI surprised markets by ...

Australia ahead in gender diversity

KARREN VERGARA  |  MONDAY, 25 FEB 2019
Australia's commitment to making gender diversity on boards a serious business imperative and without government intervention has made it a standout from other countries. And financial services led the way. Women accounted for 32.4% of superannuation ...

MLC MySuper switches to lifestage

KANIKA SOOD  |  FRIDAY, 22 FEB 2019
MLC is switching its default superannuation product from single strategy to lifestage. It's also increasing its allocation to growth assets. MLC MySuper currently has a 70% allocation to growth assets like stocks, property and infrastructure and ...

Former Arnhem partners join boutiques

KARREN VERGARA  |  FRIDAY, 22 FEB 2019
Two former partners of Arnhem Investment Management have joined boutiques following news of its closure. Theo Maas finished up at Arnhem last September after serving as a partner and portfolio manager for the Arnhem Global Growth SMA capability for ...

Trust deficit boosts Australian Ethical membership, FUM

KARREN VERGARA  |  FRIDAY, 22 FEB 2019
The demand for sustainable and ethical products has helped boost Australian Ethical's inflows and superannuation fund membership in the six months to December 2018. The fund manager and superannuation provider recorded positive net flows of $147.8 ...