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Showing 311 - 320 of 1129 results for "Gross"

Hejaz climbs Islamic fund ladder

KRISTI CHENG  |  THURSDAY, 29 AUG 2019
... fund, the Global Ethical Fund, has outperformed Australia's other Islamic investment funds during FY19. It achieved gross returns of 6.82% per annum, while Crescent Wealth generated 4.56% per annum. The Sharia-compliant fund invests across multiple ...

ASIC sues ANZ over unlawful fees

KANIKA SOOD  |  THURSDAY, 25 JUL 2019
... ANZ, alleging the bank unlawfully charged customers certain periodic fees exceeding $50 million. ASIC estimates the total gross loss to customers is in excess of $50 million for 1.3 million occasions of unlawfully charged fees, dated from 1 January 2008 ...

Cooper Investors launches equities fund

KANIKA SOOD  |  MONDAY, 22 JUL 2019
... launched its first fund in five years, after running the strategy internally for over two years with a 16% plus annualised gross return. Cooper Investors said its new Global Endowment Fund will hold a concentrated portfolio of global stocks, with a long-term ...

US bonds present ESG problem

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
... you have more unlisted companies raising money through the corporate debt market," she said. "I don't want to make a gross generalisation because there are lots of great unlisted companies but in the opioid example some of the worst offenders were ...

New strategic advisory lead at Willis Towers Watson

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
... an investment analyst at Pengana Capital for two years. Willis Towers Watson director of investments in Australia Martin Gross said Melville has been an ambassador for the investment team. "Jessica is multi-talented having worked in a number of manager ...

ASIC to offer AFSL relief to overseas firms

HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
... limit foreign financial services providers (FFSP) from earning any more than 10% of their annual aggregated consolidated gross revenue from the provision of funds management financial services in Australia. If FFSPs eclipse that amount, they will still ...

Boutique advice firms merge

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
... have merged operations. Twelve Wealth has merged with Minchin Moore, effective this week. Twelve Wealth founder Cathryn Gross is now partner and principal adviser at Minchin Moore. Minchin Moore is headed up by managing partner Mark Minchin, who said ...

Sunsuper slashes fees

KARREN VERGARA  |  FRIDAY, 28 JUN 2019
... Australia." Compared to some funds which disclose administration fees on a net-of-tax basis, Sunsuper discloses admin fees on a gross-of-tax basis. "Unfortunately this makes some funds fees look 15% lower than they actually are, despite ASIC being clear ...

Group life premiums topple benefits paid: Research

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
... Using APRA data of industry and retail superannuation funds and their respective life insurers, Rainmaker research found the gross five-year payout ratio for NFP funds was 51%, while retail funds recorded a 41% margin. AMP Super topped the ladder, raking ...

Centuria acquires fund manager

HARRISON WORLEY  |  TUESDAY, 21 MAY 2019
... returns than traditional real estate sectors. It pointed out healthcare was one of the largest contributors to Australia's gross domestic product at 10.3%, according to the Australian Institute of Health and Welfare. Centuria chief executive John McBain ...