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Showing 391 - 400 of 2729 results for "BEA"

Economic recap: Week to July 30

BENJAMIN ONG  |  MONDAY, 2 AUG 2021
... estimate of US GDP growth and the Fed's July FOMC meeting took centre stage last week. The US Bureau of Economic Analysis (BEA) reported that the country's GDP growth increased at an annualised rate of 6.5% in the second quarter. This represents ...

Pendal open to more acquisitions

KANIKA SOOD  |  FRIDAY, 23 JUL 2021
Pendal chief executive Nick Good says the firm is not ruling out future acquisitions, as it finalises its $414 million purchase of US value-oriented manager Thompson, Siegel and Walmsley. Pendal announced the 100% acquisition in May, paying about $414 ...

Greenwashing scrutiny needed: Evergreen

ELIZABETH MCARTHUR  |  FRIDAY, 23 JUL 2021
ASIC's research project into the extent of greenwashing in the investment management industry should be commended, according to Evergreen Consultants. "ESG or responsible investing is arguably the single largest trend in the investment universe today," ...

Acadian launches multi-asset fund

ANNABELLE DICKSON  |  TUESDAY, 20 JUL 2021
Acadian Asset Management has launched a multi-asset absolute return fund that aims to provide consistent returns regardless of market conditions. The Acadian Global Macro Fund uses a systematic approach to exploit inefficiencies across and within global ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
The government on Friday released the draft legislation for the Financial Accountability Regime (FAR) which will apply to superannuation funds and insurers. The FAR extends the Banking Executive Accountability Regime (BEAR) which has applied to banks ...

Top economist Don Stammer to fund UNE scholarship

MICHELLE BALTAZAR  |  FRIDAY, 16 JUL 2021
Before he was an investment banker and economist with an enviable career spanning more than half a century, Don Stammer was just a 'Vacy boy' trying to beat the odds. He pays it forward this year with a university scholarship program, held in ...

Netwealth FUA, inflows rise

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
Netwealth ended the June quarter with a 12% increase in funds under administration (FUA) and a 102% increase in inflows. The platform recorded $47.1 billion in FUA, up from $41.8 billion in March and a 49.6% increase to the previous corresponding period. ...

Adviser platform satisfaction slips

ANNABELLE DICKSON  |  WEDNESDAY, 7 JUL 2021
The level of satisfaction financial advisers have with their main platform has dropped as the pandemic puts pressure on platform providers to increase capabilities, new research shows. Investment Trends' latest Adviser Technology Needs Report showed ...

Retail funds blitz personal-balanced options

KARREN VERGARA  |  FRIDAY, 2 JUL 2021
Retail superannuation funds delivered the best performance in the personal-balanced category in Rainmaker's latest analysis of MySuper funds. Wholesale personal super product - FirstChoice Wholesale Multi-Index Growth - returned 23.7% per annum ...

Cbus expecting 19% returns for year

KANIKA SOOD  |  THURSDAY, 1 JUL 2021
The industry fund is expecting to cap off the financial year with 19% returns, on the back of strong markets and a 1.5% to 2% alpha contribution. Cbus chief investment officer Kristian Fok yesterday said the 19% expected return was a "remarkable turnaround" ...