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Showing 2861 - 2870 of 10713 results for "May 19"

Volatility wreaks havoc with heat map measures

HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
With market volatility rife over recent months, new analysis shows the relationship between risk and return has practically vanished, leaving many funds exposed to APRA's MySuper heat map investment performance measure. New analysis prepared by Frontier ...

Local investment firm to list in Canada

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
A Melbourne investment company has gained approval to list on the Canadian Securities Exchange. First Growth Funds Limited, which used to be listed on the ASX, will now trade on the CSE with the ticker FGFL, with the start date to be advised to shareholders ...

Westpac sells legacy stake in Pendal

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
Westpac sold its 9.5% stake in Pendal Group after market close yesterday sweeping clean its stake, and will continue to withdraw from the $14 billion in assets that Pendal currently manages for it. The block trade, which was handled by UBS last evening ...

Sargon buyers announce execs, ditch Sargon name

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
The buyers of Sargon's operating businesses have announced its new executive and board lineup and will rebrand it to Certes Corporation, leaving behind the Sargon brand. Former PEXA chief Marcus Price will move into the role of group chief executive ...

ASIC lays out product intervention plans

HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
ASIC has explained how it plans to tackle products and distribution linked remuneration structures in the event it believes they will bring about significant consumer detriment. Regulatory guide 272 shows ASIC may use its new powers to order a product ...

Profound uncertainty remains: IMF

ELIZA BAVIN  |  THURSDAY, 18 JUN 2020
The International Monetary Fund (IMF) said in surveying the economic landscape, the sheer scale and severity of the global lockdown has been striking. Gita Gopinath, economic counsellor and director of the research department at the IMF, said the "Great ...

Chief economist update: COVID-19 nightmare makes Brexit a dream

BENJAMIN ONG  |  THURSDAY, 18 JUN 2020
... had been a rough ride heading into Brexit. As well as claiming the scalps of two Prime Ministers - David Cameron and Teresa May - the uncertainty borne of Brexit slowed the UK's economic growth rate from an average annual growth rate of 2.4% in 2015 ...

SSGA model portfolios land on HUB24

HARRISON WORLEY  |  WEDNESDAY, 17 JUN 2020
Advisers using HUB24 will soon be able to invest in four State Street Global Advisors ETF model portfolios on behalf of their clients. HUB24 has added a suite of SSGA ETF model portfolios to its Invest and Super offerings, as investors seek transparent ...

Hedge funds in the green in May

ALLY SELBY  |  WEDNESDAY, 17 JUN 2020
Global hedge funds have posted another month in the green, with roughly one fourth of fund strategies now reporting positive returns for the year. Hedge funds around the globe returned 2.54% on average in May, with nearly a quarter posting average returns ...

AustralianSuper gives Rio Tinto slap on the wrist

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUN 2020
Rio Tinto got a talking to from AustralianSuper in relation to it blowing up a 40,000 year old Aboriginal heritage site, but the fund won't be selling down its $1 billion dollar stake. AustralianSuper chief investment officer and deputy chief executive ...