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Showing 3171 - 3180 of 6512 results for "Jul"

Industry fund inks MetLife mandate

DARREN SNYDER  |  TUESDAY, 16 AUG 2016
An industry superannuation fund is ending its partnership with CommInsure after more than a decade, moving its group insurance to MetLife in the New Year. CareSuper will be working with MetLife to reshape the fund's existing insurance offering which ...

Schroders joins exchange-quoted managed fund game

MARK SMITH  |  TUESDAY, 16 AUG 2016
Schroders has joined Magellan, K2 Asset Management and AMP Capital in launching an ASX-quoted version of one of its managed funds. The Schroder Real Return Fund (Managed Fund) is based on the firm's successful Real Return CPI Plus 5% fund - which at ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 16 AUG 2016
Empire State manufacturing survey Factory activity in the New York region softened in August with the Empire State manufacturing index falling to a reading of minus 4.21 in the month from 0.6 in the previous month and expectations for a 2.5 print. While ...

Sell everything (again?)

BENJAMIN ONG  |  MONDAY, 15 AUG 2016
In a week punctuated by disappointing key stats from the world's major economies, something strange in our neighbourhood happened... Wall Street produced a trifecta. The Dow, the S&P 500 and the Nasdaq all closed at record highs on the 11th of August ...

AAT upholds ASIC adviser ban

KERRIE SYDEE  |  FRIDAY, 12 AUG 2016
The Administrative Appeals Tribunal (AAT) has upheld a decision to permanently ban a Sydney finance broker. Shiv Sahay of Lidcombe NSW, was permanently banned from providing financial services and engaging in credit activity following an ASIC investigation ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 12 AUG 2016
Australia consumer inflationary expectations If it's anything to go by, the latest result from the Melbourne Institute's survey of consumer inflationary expectations, along with the resurgence in the Australian dollar, would strengthen speculation for ...

Magellan full year profits up 14%

MARK SMITH  |  THURSDAY, 11 AUG 2016
Magellan Financial Group has seen its net after tax profit increase 14% to $198.4 million in the last financial year. Funds under management rose 11% to total $40.5 billion at 30 June with 83% of assets in global equities and 17% in infrastructure equities. ...

Bell FG delivers flat HY profit

KERRIE SYDEE  |  THURSDAY, 11 AUG 2016
Bell Financial Group has delivered a half year net profit of $5.7 million, the same profit the group delivered in 1H 2015. Revenue was up by 2% in 1HY 2016 to $84.7 million, slightly higher than the $83 million recorded in 1H 2015. The group has declared ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 11 AUG 2016
Australian consumer confidence The Westpac-Melbourne Institute consumer sentiment index rebounded by 2.0% in August after declining by 3.0% in July. More importantly, at a reading of 101.4, optimists outnumbered pessimists this month. Not surprisingly ...

BUSSQ sees C-suite expansion

DARREN SNYDER  |  WEDNESDAY, 10 AUG 2016
Queensland industry superannuation fund BUSSQ has confirmed it will undergo a C-suite expansion from October as part of its strategy to split the chief executive and chief investment officer roles. BUSSQ chief executive David O'Sullivan confirmed he ...