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Showing 3681 - 3690 of 14212 results for "Interest"

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
... about 80% of Japan's institutional investors and 14% of its retail and HNW investors. MUTB paid $425 million for the interest in December 2011 and AMP Capital is repurchasing it for $460 million. This comprises an agreed market value of $451 million ...

Asset managers still bearish, but less so

ALLY SELBY  |  WEDNESDAY, 12 AUG 2020
... short-to-medium term will dampen inflation, there are fears of an inflationary scenario in which central banks are unable to hike interest rates due to the unprecedented amount of outstanding debt in the economy," it said. "Risk managers are seeking ...

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
Magellan is readying a new low-cost lineup of its strategies for retail investors, as it reports 5% higher net profit after tax of $395.2 million for FY20. The Magellan Core series will kick off as open-ended funds on Chi-X (so far its ETFs use ASX ...

Emerging market debt rebounds

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
... a critical factor for investment success. "Within the EMD universe, investible risk factors include currencies, local interest rates, and sovereign and corporate spreads," Godfrey said. "While we are medium-to-long-term investors, the situation in global ...

CBA profit takes hit, dividend cut

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
... bank was able to make some gains due to the divestment of its wealth businesses which offset some losses due to lower interest rates and COVID-19. "We have now substantially divested our wealth management businesses in line with our simpler, better bank ...

Catherine Brenner case dropped

ELIZABETH MCARTHUR, ANNABELLE DICKSON  |  TUESDAY, 11 AUG 2020
ASIC has confirmed that it notified former AMP chair Catherine Brenner that it will not be taking any further action against her. A spokesperson for ASIC said that while Brenner was notified her case would not be pursued, the regulator continues to ...

FSC calls for scaled advice model

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... better manage their financial affairs. The advice provided under this model would also continue to operate within the best interest duty and would be free of conflicted remuneration, the FSC said. FSC chief executive Sally Loane said the industry body's ...

Bendigo and Adelaide Bank to face fresh class action

ELIZABETH MCARTHUR  |  TUESDAY, 11 AUG 2020
... Financial Standard that 850 entities including self-managed super funds, trusts and individual investors had expressed interest in the class action. With only 600 enrolments needed for the action to go ahead, Ivantsoff is quietly confident more than ...

AMP, CBA, Westpac face potential class action

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
The financial advice arms of AMP, Commonwealth and Westpac are all facing a potential class action from law firm Piper Alderman. The law firm is calling on any customers who have acquired, renewed or continue to hold a financial product on recommendation ...

Boutique launches multi-asset fund

KANIKA SOOD  |  MONDAY, 10 AUG 2020
... fund to the Australian market, in its third local launch. The Milford Diversified Income Fund (AU) will invest in fixed interest and equity income generating securities. It will give investors 12-month visibility over the expected yield. Neutral asset ...