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Take your CAPE ratio with a grain of salt

ALLY SELBY  |  MONDAY, 17 AUG 2020
... performance since the Global Financial Crisis. And while the CAPE ratio is not 'the be all and end all', it does show how earnings and price have moved together over the past 40 years - giving investors a general sense of confidence or foreboding ...

iProsperity accused of being a Ponzi scheme

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
The administrator appointed to embattled investment group iProsperity, Cor Cordis, has released a damning creditors' report which includes accusations of Ponzi scheme style payments. The report suggests investor money was misappropriated by iProsperity ...

SG increase will impact wage growth: Lowe

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... economy is suffering the worst contraction in many decades. "We do not yet have the GDP data for the June quarter, but it will show the biggest economic contraction in many decades, likely to be around 7%," he said. "If there is any good news to be found ...

Praemium shows growth in crisis

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
Praemium has posted a positive full-year result despite the impacts of global headwinds caused by the COVID-19 pandemic. The platform provider saw a 26% increase in global funds under administration to $20.3 billion, a 14% increase in revenue to $51.2 ...

Top performing Aussie equity funds unveiled

ANNABELLE DICKSON  |  FRIDAY, 14 AUG 2020
... Wholesale Australian Growth Fund at 16.6%. Rainmaker executive director, research and compliance Alex Dunnin said: "The results show that fund managers are very efficient at running Australian equities, exceeding the index on a regular and reliable basis." ...

Chief economist update: Second wave threatens an oil spill

BENJAMIN ONG  |  FRIDAY, 14 AUG 2020
... of higher prices (at best) or stable prices at current prices (at worst). So far so good... Partial third quarter results show crude oil prices have stabilised - WTI oil at an average of US$40.99/barrel and Brent at US$43.59....but not if the coronavirus ...

Super fees hit record lows: Research

JAMIE WILLIAMSON  |  THURSDAY, 13 AUG 2020
Fees across all super fund types dropped to record lows last financial year, according to a recent study conducted by Rainmaker. The key finding of a review of 2720 products offered by 169 super funds, super fees came in at a total of $29.6 billion ...

Melbourne boutique deepens Canadian ties

KANIKA SOOD  |  THURSDAY, 13 AUG 2020
Munro Partners is introducing a global equities strategy to Canadian retail investors, after raising $1.5 billion in Canada since January 2019. The CI Munro Global Growth Equity strategy was launched to Canadian institutional investors in January, 2019 ...

Chief economist update: The wages of COVID-19

BENJAMIN ONG  |  THURSDAY, 13 AUG 2020
"After a steady period of wage growth over the previous 12 months, wages recorded the lowest annual growth in the 22-year history of the WPI, ABS head of price statistics Andrew Tomadini said. "The June 2020 quarter was the first full period in which ...

CBA profit takes hit, dividend cut

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
The Commonwealth Bank has announced an 11.3% profit hit due to the effects of the COVID-19 pandemic and slashed its dividend by 31%. The bank announced its FY20 results, saying it reflects the impact of COVID-19 on its customers and the economy, adding ...