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Showing 411 - 420 of 8004 results for "Average"

Netwealth FUA nears $90bn

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... movement of $6.5 billion, buoyed by the 143,251 client accounts it had at the end of the period, up 12.3% year on year. On average, accounts held $583,000, driven by high-net-worth (HNW) and private clients. Nearly 3800 financial intermediaries are using ...

Monash Investors merges with DMX AM

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
... since July 2012, and over this time after all fees has outperformed the Index by approximately 4% per annum and deliver an average total return of approximately 10% per annum, Monash Investors said.

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... lockdowns reducing spending. "Australian households are generally net savers, as evidenced by a positive savings rate on average over time. As such, total household savings are almost always on an upward trend," CBA head of Australian economics Gareth ...

UK regulators propose framework for workplace pension schemes

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
... paper said. Notably, the proposals also intend to minimise the risk of providers making adjustments to stay close to the average of what's being measured to avoid being penalised for underperformance. "We have chosen not to propose 'red lines' or regulator-set ...

ESSSuper launches Balanced Growth Managed option

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... stream accounts. For example, if the consumer price index (CPI) averages 3% p.a. year over 10 years, the option aims for an average return of 6.25% p.a. or 6.75% p.a. respectively during that period. ESSSuper said the option is ideally for members who ...

Cbus taps ex-AustralianSuper equities chief for 'critical role'

ANDREW MCKEAN  |  TUESDAY, 6 AUG 2024
... Information research shows that this investment option returned 8.8% in the year to May, slightly above its long-term average, but it ranked in the third quartile among comparable products. However, over a 10-year period, that investment option has excelled ...

Markets melt down over 'premature' recession fears

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
... near three-year high. "That triggered the Sahm rule, which holds that a recession is likely underway if the three-month average of the unemployment rate rises by half a percentage point in a year," he said. The major sell-off has all but confirmed that ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... portfolio management approach. "If all you're doing is what everyone else is doing, then by definition, you'll only ever get average results," Hewish said. He also said that UGC prides itself on "creating long term relationships built on trust and integrity" ...

Private capital fundraising remains in the doldrums: Preqin

ANDREW MCKEAN  |  THURSDAY, 1 AUG 2024
Private capital fundraising across an aggregate of asset classes continues to remain at a low point, according to a report by Preqin. However, there is a silver lining as fundraising for APAC-focused private equity funds increased in the second quarter ...

Russell Investments default option returns up to 12.3%

ANDREW MCKEAN  |  THURSDAY, 1 AUG 2024
... posted returns ranging from 9.2% to 12.3% last financial year. Since its inception in March 2020, GoalTracker has delivered average annual returns of 8.3%-11.3%. Russell Investments head of Australia and New Zealand Tim Furlan said the strong returns ...