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ANZ sells off retail Vietnam business

ALEX BURKE  |  MONDAY, 24 APR 2017
... capital efficiency. It allows us to focus resources on our largest business in Asia - institutional banking - where we are a top-four corporate bank supporting regional trade and capital flows." "We have a long history in Vietnam and we will be maintaining ...

Negative gearing exposing Australia's poor: KPMG

DARREN SNYDER  |  FRIDAY, 21 APR 2017
... said. He says the answer is not further ratcheting up marginal tax rates for higher tax earners. "Our analysis shows that the top 20% of households already pays 50% more income tax than the bottom 80% combined," he said.

Perennial loses Century LIC mandate

ALEX BURKE  |  WEDNESDAY, 19 APR 2017
... team is very excited about the opportunity to manage and grow Century Australia." "The company currently has a portfolio of top 300 companies and we look forward to adding value to the portfolio using our proven research-driven, market-driven and investment-driven ...

Fund added to Macquarie Wrap

EMMA RAPAPORT  |  THURSDAY, 13 APR 2017
... from both Zenith Investment Partners and Lonsec Research, was launched in 2014 and has returned 38.9% pa, placing it in the top 20 long short funds globally in both 2015 and 2016. Its objective is to deliver a net return of at least 10% pa with strong ...

Fintech apps disrupt advice model

KARREN VERGARA  |  WEDNESDAY, 12 APR 2017
... terms of functionality. XPLAN was the first application to support native digital document signing. AdviserNETgain is the top ranked hybrid application, while Decimal is the leading intra-fund advice application. It also shows developers are increasingly ...

Workplace default funds deliver strong returns

EMMA RAPAPORT  |  TUESDAY, 11 APR 2017
... found that February marked the 11th straight month of positive average annual returns for the workplace default segment. The top performing fund, CFS FirstChoice - LifeSafe (1970-1974) achieved a return of 19%, followed by RBF Investment Account - MyPath ...

CGT top of adviser minds

KARREN VERGARA  |  TUESDAY, 11 APR 2017
Capital gains tax is the fastest growing adviser query ahead of the 1 July changes to superannuation, according to the BT Advice Technical team. BT technical consultant Tim Howard said during the March quarter advisers were most keen to identify how ...

ANZ launches global technology ETF

EMMA RAPAPORT  |  TUESDAY, 11 APR 2017
ANZ ETFS is providing investors access to the world's top technology stocks in one trade with the launch of a global technology exchange traded fund. The ANZ ETFS Morningstar Global Technology ETF will track the Morningstar Developed Markets Technology ...

Morningstar downgrades Franklin Templeton parent rating

ALEX BURKE  |  MONDAY, 10 APR 2017
... argued this has led to a situation where "there's insufficient room for the fresh perspective an outsider might bring to a top executive-level post." There are four funds mentioned in Lucas' analysis: Franklin Rising Dividends (rated neutral), Templeton ...

Employers urged to fund workers' financial advice

KARREN VERGARA  |  FRIDAY, 7 APR 2017
... Benefit Trends Study. More than half (55%) of workers said not having enough money to live comfortably in retirement is a top financial concern. Employees, particularly for those on a lower salary, also reported low levels of confidence in their health ...