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Showing 2911 - 2920 of 10713 results for "May 19"

Hundreds of billions ripped from super

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
For a moment, Australia's superannuation system was beyond the magic $3 trillion mark. But, COVID-19 momentarily set the sector back, according to new data. Latest Australian Bureau of Statistics data shows the super sector was smashed to the tune of ...

BlackRock drops fees on bond ETFs

KANIKA SOOD  |  FRIDAY, 5 JUN 2020
BlackRock has cut the fees on three fixed income ETFs for Australian investors, bringing them under 20bps per year each. The iShares Core Composite Bond ETF (IAF) will go from charging 20 bps per year in management fees to 15bps. Both iShares Government ...

Sustainable dividend stocks offer yield opportunities: Report

ELIZA BAVIN  |  FRIDAY, 5 JUN 2020
Sustainable dividend stocks may offer equity exposure and yield with some insulation from price fluctuations, according to QS Investors. In its latest investment insight note, QS Investors, a Legg Mason affiliate, said it is critical to consider valuations ...

Chief economist update: The ECB's PEPP economy

BENJAMIN ONG  |  FRIDAY, 5 JUN 2020
... increased to a reading of 31.9 in May from a record low of 13.6 in the previous month; manufacturing PMI rose to 39.4 in May (from 33.4 in April); services s PMI went up to 30.5 in May (from 12.0 in April) - private sector activity remained in deep contraction ...

MySuper goes back-to-back in the black

HARRISON WORLEY  |  THURSDAY, 4 JUN 2020
For the second consecutive month, Australia's MySuper options have generated positive returns, after a couple of negative months due to the COVID-19 pandemic. Latest Rainmaker research shows the average return for MySuper products in May was 2.1%, which ...

Hedge funds record best month since GFC

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
... recovery in 2020," Preqin said. "And with the public markets continuing to rally -- the S&P 500 produced a return of +4.53% in May -- hedge funds may be completing their comeback sooner rather than later." Equity strategies were the top performing hedge ...

Taper rates need revamp

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
A new paper published by Actuaries Institute says current taper rates may be encouraging middle-income earners to spend their retirement savings too quickly and live on the Age Pension alone. People with $300,000 to $800,000 in retirement savings could ...

What advisers need to know: BT

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
BT head of financial literacy and advocacy Bryan Ashenden has observed a significant increase in calls for technical support from financial advisers during the COVID-19 pandemic. "The level of queries and questions we were getting through from advisers ...

38 staff punished over AUSTRAC scandal: Westpac

ELIZA BAVIN  |  THURSDAY, 4 JUN 2020
Westpac has confirmed 38 staff copped a range of remuneration consequences as a result of the bank's investigations into the AUSTRAC scandal. In a statement, the bank confirmed it should have recognised the faults in its systems earlier. "The report ...

Raiz Super bleeds red

ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
Raiz Invest's super offering lost a further $2 million during the month of May, with Australians taking advantage of the government's early release scheme to preemptively access their retirement savings. Over the last three months, funds under management ...