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Showing 3651 - 3660 of 10719 results for "May 19"

Advisers wary of ethical funds, launch own rating system

ELIZABETH MCARTHUR  |  WEDNESDAY, 5 JUN 2019
A co-op of financial advisers believes superannuation funds are performing poorly when it comes to providing ethical and sustainable investment options, as reflected in a newly launched rating system. The Ethical Advisers Co-op is launching its own ...

J.P. Morgan cuts management fees

KARREN VERGARA  |  TUESDAY, 4 JUN 2019
J.P. Morgan Asset Management Australia has slashed management fees on all bond funds by nearly a third. From 1 June 2019, management fees for the following bond funds have been reduced: JPMorgan Global Strategic Bond Fund - from 0.60% to 0.40%; JPMorgan ...

Plato fund shuts down

KANIKA SOOD  |  TUESDAY, 4 JUN 2019
An Aussie equities fund from Plato Investment Management is shutting down following a decision from its responsible entity. The Plato Australian Shares Income Fund (Managed Risk) is set to close. It currently holds about $20 million in funds. The fund's ...

New AI innovation for Praemium

ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
Praemium announced new platform functionality to provide financial advisers with knowledge and insights to enhance client engagement, using artificial intelligence. The innovation uses data science and technology to examine client behaviour patterns ...

NAB looks to boost fintech

ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
The National Australia Bank announced its existing alliance with Bank Leumi of Israel and CIBC will move into fintech with the introduction of the Global Alliance Fintech Link. The Link is an online portal developed to help drive client-focused innovation ...

Chief economist update: The rate cut Australia has to have

BENJAMIN ONG  |  TUESDAY, 4 JUN 2019
Reserve Bank of Australia governor Philip Lowe is set to be remembered in history as the man who took Australia's official cash rate from a historic low of 1.5% - set under Glen Stevens one month before he stepped down as RBA head honcho in September ...

Macquarie Securities cops ASIC penalty

KANIKA SOOD  |  MONDAY, 3 JUN 2019
Macquarie's securities business has paid a $300,000 penalty for contravening market integrity rules, the corporate regulator said this morning. ASIC issued an infringement notice to Macquarie Securities on May 3, after its markets disciplinary panel ...

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
ASIC banned a former authorised representative of the now-defunct Austplan after clients were found to have been placed in a vulnerable financial position as a result of his advice. Gold Coast financial adviser Daniel Renneberg is banned from providing ...

Chief economist update: US recession in the offing

BENJAMIN ONG  |  MONDAY, 3 JUN 2019
... following month and every month thereafter until reaching 25%. This sent US equities lower the next day and last trading day of May - Dow (1.41%), S&P 500 (1.32%), Nasdaq (1.51%), Russell 2000 (1.35%). Meanwhile, 10-year US bond yields closed at 2.14% ...

Shock win leaves investors worse off

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
Investors who chose to rebalance their portfolios in anticipation of a Labor victory in the Federal election now find themselves at a critical junction: to revert to an Australian equity focus or accept a more balanced portfolio that rejects excess ...