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Showing 461 - 470 of 7031 results for "December"

ANZ, Macquarie bring forward rate cut expectations

ELIZA BAVIN  |  MONDAY, 13 JAN 2025
... head of Australian economics Adam Boyton said the bank was expecting core inflation to drop to 3.2%, down from 3.5%, in December. "We think this will be enough for the RBA to cut the cash rate by 25 basis points at its February meeting, rather than waiting ...

Insignia takeover heats up, Bain Capital ups bid

KARREN VERGARA  |  MONDAY, 13 JAN 2025
... matching CC Capital Partners' $4.30 per share offer. Insignia rejected Bain Capital's bid of $4 per share on December 18, claiming it "does not adequately represent fair value" for shareholders. Shortly after, boutique private investment firm ...

Platinum AUM inches to $11bn

KARREN VERGARA  |  FRIDAY, 10 JAN 2025
... last month of 2024 to end up with $11.1 billion. The fund manager made a net gain of $93 million during the month of December despite experiencing outflows of $289 million. Some $247 million of these outflows left the Platinum Trust Funds. Total AUM ...

Bitcoin returns 147%, outshines bull market

KARREN VERGARA  |  FRIDAY, 10 JAN 2025
... classes, followed by Aussie equities at $7.6 billion. VanEck said the Australian ETF industry broke new records in 2024 as December net flows hit an all-time high of $35 billion. The ETF sector reached $247 billion, up 38% year on year. "A growing preference ...

Insignia denies yet another takeover bid

ELIZA BAVIN  |  FRIDAY, 10 JAN 2025
... takeover offer Insignia has had to consider since Bain Capital launched a $2.9 billion takeover offer late last year. On 18 December 2024, Insignia rejected Bain's offer with the wealth manager saying the board believed the proposed transaction didn't ...

GQG ends year with $32.7bn net inflows

ANDREW MCKEAN  |  THURSDAY, 9 JAN 2025
GQG Partners experienced net inflows of US$20.3 billion ($32.7bn) for the full year ending 31 December 2024, nearly double the US$10.2 billion it netted in 2023. Of the total inflows last year, US$2.8 billion came in the fourth quarter - this is despite ...

Chalmers boasts inflation data, experts divided

ELIZA BAVIN  |  THURSDAY, 9 JAN 2025
... market optimism towards an earlier rate cut was triggered by comments made by [RBA] governor [Michele] Bullock in early December, but it was predicated on the requirement that a rate cut was supported by data." Chesler said VanEck expects a rate cut ...

ASX bleeds $41bn from delistings

KARREN VERGARA  |  THURSDAY, 9 JAN 2025
... 2024 took $40.5 billion in market capitalisation with them. A total of 78 companies left the ASX in the 12 months to December, netting a total of 2116 entities that remained listed on the exchange. ASX general manager of listings James Posnett said like ...

Regal, Magellan book performance fees

KARREN VERGARA  |  WEDNESDAY, 8 JAN 2025
... Companies Fund were also standout performers. Regal grew its funds under management (FUM) to $18 billion at the end of December, marking a 4.6% rise on the September quarter. Some $700 million was net inflows recorded in the last three months of 2024. ...

Morgans Financial crowned largest licensee

KARREN VERGARA  |  WEDNESDAY, 8 JAN 2025
... largest number of financial advisers. Morgans recorded 431 active advisers at the end of 2024, while AMP FP had 426. On December 20, both AFSLs had 430 registered advisers, Rainmaker Information modelling of the ASIC Financial Advisers Register shows. ...