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Showing 451 - 460 of 2187 results for "Plus"

Schroders adjusts fund return targets

ANNABELLE DICKSON  |  MONDAY, 1 FEB 2021
... interest rates and bond yields and the impact of the pandemic on economies around the world. The Schroder Real Return CPI Plus 3.5%, Schroder Real Return CPI Plus 5% and Schroder Real Return Fund (managed fund) have been renamed and given new return ...

Future Fund increases cash again

KANIKA SOOD  |  WEDNESDAY, 27 JAN 2021
... from FY20's negative returns. The 1.7% return for 2020 is still below the target return of 4.4%, which is set at CPI plus 4-5% over the long-term. It is also a sharp contrast to 2019's pre-COVID returns of 14.3%. Longer-term returns (three-years ...

Volatility ahead for Magellan shareholders: Morgan Stanley

KANIKA SOOD  |  THURSDAY, 21 JAN 2021
... earnings volatility." It also noted Magellan's narrow selection of strategies, recent underperformance, and the six-month plus delay in the retirement strategy. Morgan Stanley revised down its NPAT for Magellan by 7% for FY21 and 5% for FY22. Its price ...

Longstanding Netwealth chair resigns

ANNABELLE DICKSON  |  THURSDAY, 21 JAN 2021
... than two decades. Tongs said it was time to pass the baton as she believes board renewal is a key governance matter. "My 20 plus years at Netwealth have been extraordinarily rewarding to me in a professional capacity having overseen the growth of the ...

Challenger welcomes board director

ANNABELLE DICKSON  |  WEDNESDAY, 20 JAN 2021
... have entered into an agreement with an expected settlement date of March 2021. Challenger will fund the $35 million price plus the ADI capital requirements via a $100 million distribution in the March quarter.

Quoted funds going strong at Mainstream

KANIKA SOOD  |  MONDAY, 18 JAN 2021
Mainstream said half of the 150,000 plus investors it services are now invested in a quoted fund, as it reports December quarter assets. Mainstream added $14 billion in funds under advice, four clients and 53 funds in the quarter ending December 2020. ...

Bad year for super funds

KANIKA SOOD  |  THURSDAY, 14 JAN 2021
... had the lowest net earnings for FY20 at about -$2.7 billion. About 36 funds posted negative net earnings of $100 million or plus. AustralianSuper had net earnings of -$76 million for the period. The highest net earnings for the period were from Super ...

HESTA hires from Frontier

KANIKA SOOD  |  MONDAY, 11 JAN 2021
... overall investment strategy that aims to continue delivering competitive, long-term investment performance for our 870,000-plus members," HESTA chief investment officer Sonya Sawtell-Rickson said. "With over 20 years' experience in financial services ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... retirement incomes of our customers while also attracting a new cohort of customers." Challenger will fund the $35 million price plus the ADI capital requirements via a $100 million distribution in the March quarter. Normalised NPAT for FY21 will be ...

Future Super cuts fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 DEC 2020
... a year and the investment fee of 0.20% will remain the same. The Future Super Balanced Impact and Future Super Renewables Plus Growth options will enjoy the same admin fee cut from 0.65% to 0.554% with the flat fee remaining the same. However, members ...