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Showing 261 - 270 of 1134 results for "Gross"

Fiducian posts $10.5m in FY20 profits

KANIKA SOOD  |  MONDAY, 17 AUG 2020
... financial planning, corporate and platform administration - was mostly flat, rising only about 1% from FY19's $10,350. Group gross revenue was $54.9 million. The biggest contributor to profit, funds management ended June 30 with $2.79 billion in ...

Praemium shows growth in crisis

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... increase in revenue to $51.2 million and a 25% increase in underlying EBITDA to $14.2 million. Praemium said it had record gross platform inflows of $3.3 billion, a 9% rise, and it posted a net profit after tax of $4.9 million which was a 91% increase ...

Super fees hit record lows: Research

JAMIE WILLIAMSON  |  THURSDAY, 13 AUG 2020
... super fees came in at a total of $29.6 billion in 2019-20 - down 5% year on year. If we consider super assets as a share of gross domestic product, this converts to 1.6% of GDP. Looking at 93 not-for-profit funds, 68 retail offerings and seven eligible ...

Boutique launches multi-asset fund

KANIKA SOOD  |  MONDAY, 10 AUG 2020
... defensive assets and 40% growth assets. The fund is permitted to obtain leverage via short selling (set at maximum 10% of gross asset value) or derivatives. It is managed by David Lewis (also the deputy chief investment officer) who joined from Merrill ...

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... dividend payout ratio. Last year, the big four banks accounted for about 30% of total dividends paid by S&P 200 stocks, on a gross basis including cash dividends plus franking, according to Plato Investment Management's estimates. "Today's announcement ...

Janus Henderson lists new active ETF

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... share class of the Janus Henderson Tactical Income Fund, which is managed by Jay Sivapalan. It has delivered 5.50% p.a. (gross) and 5.03% p.a. (net) since 2009 inception to June end. "Our clients are demanding more choice in how they access our world ...

Former investment adviser charged with $85m fraud

ELIZA BAVIN  |  MONDAY, 20 JUL 2020
The US Securities and Exchange Commission have charged a former registered investment adviser with fraud for his alleged role in a US$60 million Ponzi-like scheme. The SEC alleges that David Hu, the co-founder and chief investment officer of International ...

Specialist platforms prosper in June quarter

ALLY SELBY  |  MONDAY, 20 JUL 2020
... June quarter alone, HUB24 experienced net inflows of $1.1 billion (up 11% compared to the same period last year), while its gross inflows for the quarter were up 7% at $1.6 billion. HUB24 also signed 34 new licensees to the platform during the quarter ...

Experts battle for GST reform

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... generate "maximum economic bang for the government's buck". In an opinion piece for The Conversation, economics lecturer Isaac Gross argued a six-month break from the 10% tax would help fight the COVID-19 recession. It comes as PwC proposes an increase ...

Chief economist update: Victoria's secret

BENJAMIN ONG  |  MONDAY, 6 JUL 2020
... economy. So much so that Deloitte Access Economics' latest quarter business outlook report predicts that: "Victoria's gross state product will contract 1.6 per cent in real terms this financial year, the worst of all the states", according to ...