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Showing 4171 - 4180 of 10722 results for "May 19"

Super fund chair appointed to NSW Generations Fund

KANIKA SOOD  |  WEDNESDAY, 4 JUL 2018
The chair of a $42 billion government superannuation fund and a former RBA Governor are joining the advisory board of New South Wales' new sovereign wealth fund. The state has also appointed its first chief economist. State Super chair Nicholas ...

Chief economist update: Steady at 24 and counting

BENJAMIN ONG  |  WEDNESDAY, 4 JUL 2018
The Reserve Bank of Australia (RBA) didn't disappoint when it kept the official cash rate unchanged at a record low 1.5% following its 3 July board meeting. It has been 24 months now - the longest in recent history - that the official cash rate ...

AFA seeks overhaul of proposed education standards

JAMIE WILLIAMSON  |  TUESDAY, 3 JUL 2018
The Association of Financial Advisers is seeking significant changes to the Financial Adviser Standards and Ethics Authority's draft education standards, including calls for experienced advisers over 55 to be subject to more lenient requirements ...

Chief economist update: Draining the swamp

BENJAMIN ONG  |  TUESDAY, 3 JUL 2018
... - the Institute of Supply Management (ISM) Manufacturing PMI increased to a four-month high of 60.2 in June from 58.7 in May - and together with inflation now at target - the core PCE price index rose to 2.0% in May from 1.8% - are already inviting speculations ...

Chief economist update: US inflation hits target

BENJAMIN ONG  |  MONDAY, 2 JUL 2018
... Reserve's favoured gauge - the core PCE price index - is now smack bang where the Fed wants it, rising by 2% in the year to May (the fastest since April 2012) from 1.8% in the previous month. The headline PCE price index is even higher, up 2.3% from ...

Former Magellan research head joins boutique

KANIKA SOOD  |  FRIDAY, 29 JUN 2018
Former Magellan portfolio manager and head of research Nikki Thomas is joining a boutique manager. Thomas is joining Alphinity Investment Management as a global portfolio manager. The firm is partly owned by Challenger's boutique business Fidante. ...

ASIC slams SMSF advice, flags further education reform

JAMIE WILLIAMSON  |  FRIDAY, 29 JUN 2018
ASIC will pursue further education requirements for financial advisers in a damning report showing 90% of financial advice provided in establishing self-managed superannuation funds is non-compliant. Reviewing 250 client files from 102 different AFSLs ...

Qualitas creates LIT, enters retail market

DARREN SNYDER  |  FRIDAY, 29 JUN 2018
Real estate manager Qualitas is in the final stages of launching a listed investment trust, its first exchange-traded product and its first foray into the retail investment market. The listed investment trust (LIT) will focus on commercial real estate ...

Chief economist update: It's always slow in America in Q1

BENJAMIN ONG  |  FRIDAY, 29 JUN 2018
The third and final estimate of US GDP growth showed the economy grew at an annualised rate of 2% in the first quarter of 2018. This is lower than market expectations and would be unchanged from the second estimate's 2.2% rate. While the slight ...

Chief economist update: Shanghai's drop is China's problem, the yuan's slide is everyone's

BENJAMIN ONG  |  THURSDAY, 28 JUN 2018
The Shanghai Composite index's drop into bear market territory may have elicited some negative Trump thoughts, but China's response - through the accompanying depreciation of the yuan may have been "I'm taking you with me." Such is the ugliness ...