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

Search Results

Showing 11 - 20 of 77 results for "Cash Fund"

MLC Super overhauls fees

KARREN VERGARA  |  MONDAY, 9 NOV 2020
... MLC Wrap Investments Series 2. On November 2, MLC MasterKey Investment Service administration fees reduced for the MLC Cash Fund by 0.26% p.a. All other investment options' admin fees reduced by 0.41% p.a. The same reductions applied to the MLC MasterKey ...

Morgan Stanley to acquire Eaton Vance

JAMIE WILLIAMSON  |  FRIDAY, 9 OCT 2020
Morgan Stanley has entered an agreement to acquire Eaton Vance for close to $10 billion. The two parties have entered a definitive agreement which will see Morgan Stanley advance its plans to have three world-class business units in institutional securities ...

Will Janus Henderson and Invesco merge?

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
A fund manager that played a part in Legg Mason and Franklin Templeton's merger has now bought 9.9% stakes each in Janus Henderson Group and Invesco, sparking speculation of a potential merger in the latter two. Trian Funds Management revealed the positions ...

MLC cuts fees, commissions

ELIZABETH MCARTHUR  |  FRIDAY, 25 SEP 2020
... Investment Service and MLC MasterKey Unit Trust. For MLC MasterKey Investment Service the administration fee on the cash fund will reduce from 0.81% to 0.55%. The admin fee for the MLC Vanguard Australian Share Index Fund will reduce from 1.13% to 0.72% ...

ASIC cleans up 'cash plus' funds

KANIKA SOOD  |  WEDNESDAY, 23 SEP 2020
ASIC found 14 'cash' funds with $7 billion in assets had confusing or inappropriate labelling, resulting in changes to names, asset allocations or in one case, even a closure. The corporate regulator found some funds that labelled themselves as 'cash ...

Market rebound leaves behind active managers

KARREN VERGARA  |  TUESDAY, 1 SEP 2020
Even with the share market soaring back to pre-COVID-19 highs, active fund managers continue to struggle with performance and profitability, Deloitte analysis shows. Median revenue for asset managers that invest in publicly traded shares and bonds fell ...

Pinnacle puts zero-fee ETF experiment to bed

KANIKA SOOD  |  THURSDAY, 30 JUL 2020
... it has decided to wind up the fund after struggling to attract investors. Pinnacle's listed the aShares Dynamic Cash Fund (Managed Fund) on the ASX in late August, 2019. It was managed by Omega Global Investors. Listed under the ticker Z3RO, it was ...

Pendal winds back fees

KANIKA SOOD  |  TUESDAY, 14 JUL 2020
... funds, as it sees the Reserve Bank of Australia holding the cash rate at the record-low of 0.25%. The Pendal Managed Cash Fund will go from charging 22bps per year to 12bps, while the Pendal Stable Cash Plus Fund will reduce from 25bps per year to 18bps. ...

Pendal bolsters ESG fixed income capability

HARRISON WORLEY  |  TUESDAY, 16 JUN 2020
ASX-listed fund manager Pendal has moved to strengthen its capability in ESG fixed income investing through a series of appointments. Two new assistant portfolio managers have been appointed to the firm's bond, income and defensive strategy teams, with ...

Plenty still want in on ETPs: Research

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... ($17.8 billion versus $7.2 billion)," Dyall said. Suffering the highest net outflows was the Australian High Interest Cash Fund, which lost $257 million or 13% of funds under management. The product with the greatest increase in assets under management ...