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Showing 471 - 480 of 732 results for "Coronavirus"

IOOF sees surge in FUM

ELIZA BAVIN  |  FRIDAY, 1 MAY 2020
IOOF announced funds under management grew 34% in the third quarter to $195.6 billion, despite recording a negative impact from its advice and investment management arms. The company said it recorded net outflows of $262 million from its financial advice ...

Lloyds profits down 95%

ELIZABETH MCARTHUR  |  FRIDAY, 1 MAY 2020
... Part of the impairment comes from the bank putting aside money to cover loans that it expects will not be paid. "The coronavirus pandemic presents an unprecedented social and economic challenge which is having a significant impact on people and businesses ...

Colonial First State closes global fund

ALLY SELBY  |  FRIDAY, 1 MAY 2020
... month of March, with the fund manager blaming the COVID-19 pandemic for the losses. "The quickening spread of the coronavirus this month sharply altered the global economic outlook," Acadian said. "We continue to believe in the value of our systematic ...

Chief economist update: Labor Day mayday

BENJAMIN ONG  |  FRIDAY, 1 MAY 2020
... have been funny had it not been for the gravity of the circumstances the planet has found itself in these days of the coronavirus pandemic. For right on the eve of "Labor Day", the US Department of Labor reports that more than 30 million Americans - ...

Future Fund not buying the oil dip

KANIKA SOOD  |  THURSDAY, 30 APR 2020
Oil prices crashed to record low last week but Australia's $162 billion sovereign wealth fund says it has no plans to buy the dip. Last Monday, immediate contracts for WTI crude fell into the negative territory. The drop prompted the US government to ...

More super funds will merge: QMV

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
COVID-19 will be the shove that forces some superannuation funds to merge, while others thought safe prior to the pandemic will also be left pondering consolidation. According to QMV practice lead Anthony Forbes, there are certain funds that are going ...

Is it really as bad as it seems?

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
Pandemic, crisis, unprecedented; these are some of the terms that have been filling up our newsfeeds, but is this really such a big deal? Everyone has heard the phrase 'don't let the solution be worse than the cause' and many people think this is worth ...

Investment approaches in change phase

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
The COVID-19 crisis may be the push superannuation funds needed as investment processes make the switch from strategic asset allocation (SAA) to a total portfolio approach (TPA). At the end of 2019, before the effects of the pandemic reached Australian ...

Adviser fears over ASIC relief

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
While backed by major industry associations and advocacy bodies, those that actually provide financial advice fear new temporary relief measures offered by ASIC may push Australians towards conflicted advice. On April 14 ASIC announced a raft of measures ...

Adviser bans fall

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
ASIC has revealed it adviser bans dropped by more than half in the second half of 2019, from 103 to 48. The figures were released in the regulator's half yearly ASIC Enforcement Update along with an outline of its enforcement strategy for 2020. However ...