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Showing 281 - 290 of 3288 results for "Above"

Budget 2024: The Budget by numbers

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... Chalmers said. "And we are banking 99% of revenue upgrades this year - keeping pressure off inflation while it is still above band. With Treasury not expecting we could be back to the inflation target this year, not next." In the 2023-24 Mid-Year Economic ...

Chalmers makes bold inflation prediction

ELIZA BAVIN  |  MONDAY, 13 MAY 2024
... sitting at around 2.75%. The prediction is at odds with the RBA's modelling which suggested inflation would still be sitting above the target range at 3.2% by June 2025. Chalmers said the reason the government is expecting inflation to fall more quickly ...

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... trust businesses supports their view that its current stock price undervalues these assets. "The face value of the offer is above our expectations and represents a step toward a capital return to shareholders," he said. However, he added that uncertainties ...

Betashares launches Australian Major Bank Subordinated Debt ETF

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... globally. "Generally, Tier 2 floating rate subordinated bonds offer attractive income potential, typically delivering returns above that of senior bank floating rate notes, along with a high degree of capital stability. At the same time, the income paid ...

Platinum's FUM dips below $14bn

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... usually benchmark-aware funds seeking to beat the benchmark," Morningstar said. The fund manager's share price traded just above $5 in 2021. It has sunk to $1.05 at the time of writing. About $237 million left the Platinum Trust Fund in April, a ...

Global X launches new gold ETF

ELIZA BAVIN  |  THURSDAY, 2 MAY 2024
... what is best suited to their unique portfolio needs." Gold prices have surged 20% over the past two months to record highs above US$2400 (AU$3754) an ounce despite recent challenges like elevated real bond yields and a robust US dollar, which historically ...

Vanguard Super lowers fees

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
... industry average fee of $479 per annum. It has returned 14.7% p.a. for members aged 47 and under in 2023, which is 4.65% above the industry median. For balances above $300,000, the annual fee for most investment options drops to 0.28% p.a. Shrimski said ...

Brighter Super to close socially responsible options

JAMIE WILLIAMSON  |  TUESDAY, 30 APR 2024
... Over three years it returned 6.9%, when the median was 6%, and over five, seven and 10 years its performance has hovered above 7%, in line with the median. However, it is one of the fund's most expensive offerings, with investment fees and costs ...

ClearBridge launches first local global equity fund

KARREN VERGARA  |  MONDAY, 29 APR 2024
... introduce more in the future. The ClearBridge Global Growth Fund invests in 60 to 100 growth companies and aims to deliver above-market returns. The fund tracks the MSCI AC World (Net) (AUD) Index and invests namely in the technology, financials, healthcare ...

Future Fund posts 10.1% annual return, surpassing benchmark

ANDREW MCKEAN  |  MONDAY, 29 APR 2024
... Australia and the US before year end. But as we have been saying for some time, inflation remains sticky and while it remains above central bank targets the risk is that rates will be held higher for longer," he said. "In addition, geopolitical risk ...