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Showing 241 - 250 of 1796 results for "Returned"

Rest's MySuper option returns 8.67% in FY24

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
... long-term average annual return of 8.29% since July 1988. For its pension members, the default balanced investment option returned 7.56%. The standout, however, was Rest's low-cost overseas shares - indexed option, which returned 18.07%. That option ...

HESTA returns 9.1% to members

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
HESTA's default MySuper balanced growth option has returned 9.1% over the last financial year. The option has averaged an annual return of 7.62% over the past 10 years. HESTA chief executive Debby Blakey said that despite ongoing uncertainty in financial ...

Aviva exits Australia, shutters fund

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... decided to shutter the fund on June 12 as it did not meet its long-term performance objective. Since inception, the fund returned 4.06% gross of fees at the end of May, while its benchmark returned 6.60%. It also meant that Aviva Investors Pacific as ...

Australian Retirement Trust delivers 11.3% in FY24

KARREN VERGARA  |  MONDAY, 1 JUL 2024
Australian Retirement Trust (ART) returned 11.3% p.a. for its High Growth option for the 2024 financial year. ART head of investment strategy Andrew Fisher told Financial Standard that equities over the last two years have been "surprisingly resilient ...

Citi Australia appoints debt capital markets lead

KARREN VERGARA  |  MONDAY, 24 JUN 2024
... overseeing engagement with institutional partners such as super funds, asset managers, insurers, and wealth platforms. Ashton returned to Citi in 2022 serving as director of equities. Prior to her return, she was the managing director of hedge fund sales ...

JPMAM, iCapital launch new private market fund for wholesale investors

ANDREW MCKEAN  |  TUESDAY, 18 JUN 2024
... diversification from traditional core investments and can help lower a portfolio's volatility. The underlying solution has returned 46.17% since inception in July 2023. However, the Australian fund's performance will differ from the underlying solution ...

Older clients boost book values

KARREN VERGARA  |  THURSDAY, 13 JUN 2024
... said. "However, as the pandemic subsided, the business environment began to stabilise. Transaction activities have since returned to more typical patterns, though the legacy of the pandemic's impact on supply remains." Using a metric based on fee ...

ANZ dumps remaining stake in AmBank

ANDREW MCKEAN  |  FRIDAY, 31 MAY 2024
... block of AmBank shares in March. Earlier this year, ANZ said that divestment released $668 million in capital, which was returned to shareholders through a $2 billion on-market share buy-back. However, the most recent sale proceeds will have no material ...

NovaPort Capital team calls it a day

JAMIE WILLIAMSON  |  TUESDAY, 21 MAY 2024
... delivered 2.43% against the same benchmark. Over five years the Microcap Fund achieved 7.7% while the Smaller Companies Fund returned 4.99% against the benchmark's 3.93%. NovaPort started out in 2010 with about $200 million, with both funds having been ...

Fidelity shutters, delists funds

KARREN VERGARA  |  TUESDAY, 21 MAY 2024
... concentrated portfolio of 20 to 40 listed Australian shares, Fidelity said. The fund was valued at about $186.50 million and returned 8.95% p.a., nearly in line with its benchmark's 9.07 % p.a. "The above change will not result in any change to the ...