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Showing 421 - 430 of 924 results for "REIT"

PIMCO sells Aussie banks as correction looms

ALEX BURKE  |  THURSDAY, 15 MAR 2018
PIMCO is winding down its exposure to Australian banks and certain real estate investment trusts as risks increase in these investments. In an outlook report, PIMCO portfolio manager Aaditya Thakur and credit research analyst John Dwyer said that while ...

REITs the saving grace on SPIVA scorecard

KANIKA SOOD  |  WEDNESDAY, 14 MAR 2018
... and real estate investment trusts. REITs were the only funds to beat their benchmark index, outperforming the S&P/ASX 200 A-REIT index by 1.1 percentage points. "Evidently, the vast majority of A-REIT funds tended to be more defensive than their benchmark ...

REIT sells Cromwell stake for $406 million

KANIKA SOOD  |  THURSDAY, 8 MAR 2018
... subsidiary of Singapore-based ARA Asset management is acquiring a 19.5% stake in Cromwell Property Group. South African-based REIT Redefine Properties sold its stake to the ARA AM subsidiary in a move described by the former as a "process to refine its ...

CBA affirms BBSW position

DARREN SNYDER  |  TUESDAY, 27 FEB 2018
Commonwealth Bank reiterated it is disputing ASIC allegations in relation to trading which allegedly affected the Bank Bill Swap Rate on six occasions in 2012. CBA said yesterday that ASIC lodged an updated Statement of Claim to the Federal Court and ...

JPMAM consolidates insto and retail distribution

DARREN SNYDER  |  TUESDAY, 20 FEB 2018
The head of J.P. Morgan Asset Management's Australian institutional business will depart following a strategic review of the insto and retail distribution teams. After about four years in the role, Stephen Alcorn is searching for new opportunities. ...

Institutions suffer financial adviser drain

ALEX BURKE  |  MONDAY, 19 FEB 2018
About one in 10 financial advisers swapped their licensee in 2016-17 - and 56% of these either stayed in or migrated to non-institutional options, according to Rainmaker research. Another third of those 2100 advisers migrated to institutional licensees ...

A-REIT chair retires, successor named

JAMIE WILLIAMSON  |  MONDAY, 12 FEB 2018
An ASX-listed real estate investment trust has announced the retirement of its chair, to be replaced by a former Merrill Lynch Australia managing director. GPT Group chair Rob Ferguson will retire at the $20 billion firm's annual general meeting in ...

Market volatility ideal for fundamental investors: Expert

DARREN SNYDER  |  WEDNESDAY, 7 FEB 2018
An Australian equities expert believes the recent volatility on Wall Street and the ASX signifies an investment opportunity for fund managers that target fundamental valuations. Nikko Asset Management head of Australian equities Brad Potter described ...

CBA chair says culture needs improvement

ALEX BURKE  |  THURSDAY, 1 FEB 2018
In responding to APRA's ongoing prudential inquiry into the bank, Commonwealth Bank chair Catherine Livingstone acknowledged "there are aspects of our culture where we could improve." APRA issued an update on its progress with the inquiry, saying that ...

Population growth drives real income

DARREN SNYDER  |  THURSDAY, 25 JAN 2018
... growth," he said. Research completed by the firm shows the fund is 30% less exposed for interest rate movements than the A-REIT 300 index. This positions the fund well for the predicted rise in bond rates, Reid said. Another dynamic Reid has seen over ...