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Showing 3101 - 3110 of 11511 results for "DIV"

Property Funds Association appoints president

JAMIE WILLIAMSON  |  THURSDAY, 29 APR 2021
The peak body for Australia's unlisted property funds sector has appointed the former executive director of institutional funds at Evans Dixon as its new president. Property Funds Australia (PFA) has appointed Andrew Cannane to a two-year term ...

AMP Capital fails to stop fund merger

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
AMP Capital has failed in its bid to stop a merger between the Dexus Wholesale Property Fund and the AMP Capital Diversified Property Fund. Unitholders in both funds voted in favour of the merger. The AMP Capital Diversified Property Fund (ADPF) has ...

Suncorp divests super unit to industry fund

KARREN VERGARA  |  WEDNESDAY, 28 APR 2021
Suncorp will divest its wealth division to an industry fund, transferring $6.4 billion in assets under management and 137,000 members. LGIAsuper will pay $45 million for the acquisition of Suncorp Portfolio Services and will retain about 130 staff that ...

BetaShares launches hybrids ETF

KANIKA SOOD  |  TUESDAY, 27 APR 2021
BetaShares has launched a new ETF that invests in ASX-listed preference shares issued by the big four Australian banks. The BetaShares Major Bank Hybrids Index ETF (ASX: BHYB) will invest in ASX-listed, AUD denominated preference share issues with a ...

Primewest, BlackRock enter JV

ANNABELLE DICKSON  |  TUESDAY, 27 APR 2021
Following its merger plans with Centuria Capital, Primewest has formed a joint venture with a fund advised by BlackRock Real Assets and has made headway on acquiring its first property. The joint venture has exchanged contracts to acquire an office ...

Dealer group offers new fee structure

ELIZABETH MCARTHUR  |  TUESDAY, 27 APR 2021
A dealer group is offering a new fee structure for financial advisers who choose to work part-time. Centrepoint Alliance has launched a new flexible fee model, available to financial advice firms with more than one authorised representative. For advisers ...

Westpac earnings take hit

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
The bank has announced a $282 million hit to its statutory profit after an increase in customer refunds, software write-downs and accounting losses, ahead of its interim results. Westpac recorded $220 million in customer refunds, payments, associated ...

Moelis Australia to rebrand

KANIKA SOOD  |  FRIDAY, 23 APR 2021
Moelis Australia will seek shareholder approval to rebrand, as its revenues from asset management outstrip the contribution from its original business of investment banking services. ASX-listed Moelis Australia wants to change the name to MA Financial ...

Perpetual AUM climbs, hires in UK

ANNABELLE DICKSON  |  FRIDAY, 23 APR 2021
Perpetual has recorded a $6 billion increase in total assets under management, reaching $95.3 billion and has made a raft of appointments to its ESG investment manager Trillium Asset Management. International AUM grew 8% over the March quarter, inclusive ...

Defined benefit fund in SFT

ELIZABETH MCARTHUR  |  FRIDAY, 23 APR 2021
A defined benefit fund with $77 million in funds under management is completing a successor fund transfer to a Mercer subplan. Factory Mutual Insurance Company Superannuation (FMIC) members and assets will be transferred from the existing fund to a ...