Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 2891 - 2900 of 7101 results for "June 2011"

Custody sector hits $3 trillion

KARREN VERGARA  |  THURSDAY, 2 MAR 2017
The custody and administration sector grew 5.2% between June and December 2016, the latest figures from the Australian Custodial Services Association show. Assets under custody (AUC) for Australian investors reached $3 trillion for the first time, with ...

Bad credit

BENJAMIN ONG  |  WEDNESDAY, 1 MAR 2017
Good one month, not so good the next. This is the story of private sector credit in Australia - the month-on-month growth rates, at least. Total private sector credit went up by a lower than expected 0.2% in the month of January - the slowest pace since ...

Mason Stevens to launch super, grows SMA menu

JAMIE WILLIAMSON  |  TUESDAY, 28 FEB 2017
Mason Stevens is shaping up for a big year, with the platform provider announcing a number of key projects to roll out in 2017. Speaking at an event in Sydney today, managing director Thomas Bignill confirmed Mason Stevens will launch a retail super ...

Pricing error shaves $2.2m off Australian Ethical profit

ALEX BURKE  |  TUESDAY, 28 FEB 2017
The cost of remediating a unit pricing error drove Australian Ethical Investments' 1H17 profits down 62% to $0.5 million. The consolidated net profit, which includes the results of the Australian Ethical Foundation, was also impacted by employment restructure ...

A good set of numbers (almost)

BENJAMIN ONG  |  TUESDAY, 28 FEB 2017
It was good. Nay, it was very good. The Australian Bureau of Statistics' (ABS) report on company profits helped explain the latest jump in the NAB survey that showed business conditions increased by 6 points to a reading of +16 in January - the highest ...

Confusion reigns in super and life insurance: CHOICE

EMMA RAPAPORT  |  MONDAY, 27 FEB 2017
Australians are missing out on thousands in retirement savings due to confusing superannuation products according to consumer advocacy group CHOICE. In their submission to the Parliamentary Inquiry into the Life Insurance Industry in Sydney and Melbourne ...

Inflows drive first net profit for HUB24

ALEX BURKE  |  MONDAY, 27 FEB 2017
HUB24 recorded its first net profit of $0.9 million in the half-year to 31 December 2016. In its half-year accounts, HUB24 attributed this dramatic upswing in profits to strong net inflows of $1.6 billion over calendar 2016. This is up from the company ...

Super consolidation imminent: research

KARREN VERGARA  |  FRIDAY, 24 FEB 2017
The number of super funds (excluding SMFSs) have dropped by 72% from 872 to 244 in the last ten years (see Figure 1), according to new research from Rice Warner. The annual Superannuation Market Projections Report shows in 2016, 83 out of 219 funds ...

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 ...

Copia boutique wins micro-cap mandate

ALEX BURKE  |  FRIDAY, 17 FEB 2017
A Copia Investment Partners boutique won a $27 million micro-cap investment mandate. OC Funds Management, founded in 2000 by head of investments Robert Frost, will manage a micro-cap portfolio for Contango MicroCap. Contango said OCFM was selected after ...