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Showing 2581 - 2590 of 6278 results for "December 2021"

Centrepoint growing wealth business

KARREN VERGARA  |  MONDAY, 27 FEB 2017
December half-year results for financial advice group Centrepoint Alliance were buoyed by the performance of its wealth division and the sale of its premium funding business. The ASX-listed company's wealth segment reported a 29% EBITDA increase on ...

Cbus names new portfolio manager

EMMA RAPAPORT  |  MONDAY, 27 FEB 2017
Industry superannuation fund Cbus is continuing to expand its in-house investment capability with the appointment of Anthony Seabrook. Seabrook, a former fund manager at the family office Portland House, will join Cbus as senior portfolio manager in ...

Platinum's AUM and profit take a hit

KARREN VERGARA  |  FRIDAY, 24 FEB 2017
Platinum Asset Management reported a significant drop in assets under management and profitability in the six months to December 2016. Total AUM of $23.2 billion was hit with a $1.7 billion net outflow, down 13% on the previous corresponding period ...

IFM sees value in handbags

JAMIE WILLIAMSON  |  FRIDAY, 24 FEB 2017
The private equity arm of IFM Investors has branched out, making a significant minority investment in an Australian fashion accessory retailer. As part of a greater investment strategy, IFM bought into affordable handbag and accessory retailer Colette ...

In search of that elusive Australian animal spirit

BENJAMIN ONG  |  FRIDAY, 24 FEB 2017
Yesterday's decision by the Fair Work Commission to slash Sunday and public holiday penalty rates for hospitality, restaurant, fast food, retail and pharmacy workers threw another spanner in the works for RBA Governor Philip Lowe's positive outlook ...

Life insurance ranks lowest in customer satisfaction

ALEX BURKE  |  THURSDAY, 23 FEB 2017
Life insurance ranks the lowest of all insurance types, according to Roy Morgan research. In the year to December 2016, Roy Morgan's Single Source Survey of more than 9000 risk and life insurance policy holders found 67.4% were satisfied - down from ...

The power of optimism

BENJAMIN ONG  |  THURSDAY, 23 FEB 2017
... provides positive indications going forward. Unlike the seemingly inconsistent result from the NAB business survey for December - where business conditions gained 4 points while business confidence was flat - January's result showed business conditions ...

Active returns at their worst since 2009

ALEX BURKE  |  WEDNESDAY, 22 FEB 2017
The majority of Australian actively-managed funds in all categories underperformed their respective benchmarks in calendar 2016 - the first time this has happened since 2009. Over the 12 months to December 31, the 2016 S&P Dow Jones Indices Versus Active ...

Industry super attacks SMSFs

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2017
Industry Super Australia says growth in the SMSF sector is a result of members having low levels of financial literacy. Citing a 2016 working paper from CIFR, ISA chief economist Stephen Anthony said the 5.5% increase in SMSF membership in 2015 was ...

Vanguard introduces low-cost active funds

EMMA RAPAPORT  |  MONDAY, 20 FEB 2017
Vanguard Australia is now offering three quantitative low-cost active funds as part of an expansion to its product offering. The three new funds: Vanguard Global Quantitative Equity Fund; Vanguard Global Value Equity Fund; and Vanguard Global Minimum ...