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Showing 3621 - 3630 of 21764 results for "Dec"

GQG Aussie inflows up, total FUM slumps

KARREN VERGARA  |  FRIDAY, 17 FEB 2023
GQG Partners reported positive inflows for its local business but saw profit and overall assets under management decline across the board. Total assets under management slumped 3.5% to US$88 billion ($128bn), according to full-year results ending December ...

Government housing measures progress

CASSANDRA BALDINI  |  THURSDAY, 16 FEB 2023
The legislations to create the $10 billion Housing Australia Future Fund that will deliver 30,000 affordable homes has passed. Minister for Housing, Julie Collins confirmed the legislation to deliver the single biggest investment in affordable and social ...

Industry fund joins the million-member club

ANDREW MCKEAN  |  THURSDAY, 16 FEB 2023
HESTA has welcomed its one-millionth member and reaffirmed its commitment to growth through its three-year strategic plan. AustralianSuper was the first fund to have one million members, reaching milestone in 2012. Since then, Rest, Hostplus, and Aware ...

Australia survives global pension rout

ANDREW MCKEAN  |  THURSDAY, 16 FEB 2023
Amid the largest drop in global pension assets since the GFC, Australian super funds held steady with lower bond allocations and Super Guarantee flows. Global pension assets had their largest annual decline since the GFC, dropping 16.7% to $47.9 trillion ...

Magellan profits down 67%

CHLOE WALKER  |  THURSDAY, 16 FEB 2023
After a period of turbulence, Magellan reported statutory net profit after tax of $83.8 million for the second half of 2022 - down 67%. The group reported the drop to the ASX this morning, though did declare an interim dividend of 46.9c per share, 85% ...

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2023
AMP is set to pay a dividend of 2.5c per share after reporting a statutory net profit after tax (NPAT) of $387 million, its first since the Royal Commission came to an end. It marks a significant turnaround for the wealth giant, having last year reported ...

Australian Retirement Trust, AvSuper sign merger MoU

JAMIE WILLIAMSON  |  WEDNESDAY, 15 FEB 2023
The two funds are considering merging, after AvSuper's plans with Commonwealth Superannuation Corporation (CSC) fell through. Australian Retirement Trust (ART) and AvSuper have signed a Memorandum of Understanding (MoU) to explore a merger, commencing ...

I know it's hard, but it could be harder: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 15 FEB 2023
Appearing at a Senate hearing today, Reserve Bank of Australia (RBA) governor Philip Lowe said people have forgotten how corrosive inflation is. The governor explained the RBA has one priority and that is to bring inflation down. "Inflation at the moment ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
Despite reporting bumper profits this morning, Commonwealth Bank continues to put out fires from its misconduct stemming from the Hayne Royal Commission, as it looks to tackle several class actions in 2023. One ongoing lawsuit alleges that Colonial ...

Cboe Australia chief exits, successor named

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
Cboe Australia appointed a new chief executive, with the incumbent stepping down at the end March. Vic Jokovic vacates the top job on 31 March 2023 and will be succeeded by AllianceBernstein executive Emma Quinn, who will assume the title of Cboe Australia ...