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Showing 491 - 500 of 8223 results for "June"

Active managers outperform in limited asset classes, fall short in survivorship

KARREN VERGARA  |  MONDAY, 18 NOV 2024
... management when it comes to Australian bonds. Active managers performed best over 10 years at 2% versus 1.9% as at the end of June 2024. "Active funds in the fixed-income domain have more than made up for their lag in performance prior to mid-2020. The ...

AFCA names and shames in fresh Datacube release

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... consumers and financial firms. This newest update adds data covering firms with four or more complaints from 1 July 2023 to 30 June 2024. In the superannuation sector, the largest funds in terms of membership received the most complaints. AustralianSuper ...

Fiji super fund picks Northern Trust for custody

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
... compulsory superannuation fund. The fund, which was established over 50 years ago, has about $6.5 billion in assets as at June 2023. It is a major investor in the local Fiji economy and one of the country's largest property owners, including owning many ...

Wages grow 3.5% for the year

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... head of price statistics Michelle Marquardt said this was the first time annual wage growth had fallen below 4% since the June 2023 quarter. Commonwealth Bank senior economist Stephen Wu said the reading was softer than what the Reserve Bank of Australia ...

Bell Financial Group bids $51m for SelfWealth

KARREN VERGARA  |  WEDNESDAY, 13 NOV 2024
... under administration (FUA) of about $11 billion. The transaction will see BFG's FUA rise to $94 billion. At the end of June, SelfWealth had 128,700 active traders and made $27.6 million in operating revenue and $3.4 million in profit. SelfWealth ...

Magellan chief operating and financial officer departs

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... announced Kirsten Morton has resigned as chief operating officer and chief financial officer. Morton started with the group in June 2013 in the joint role of chief financial officer and chief operating officer. She also served as interim chief executive ...

Australian economy 'fundamentally sound': CBA

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... thresholds. Troublesome and impaired assets were marginally higher at $8.8 billion, around $100 million up on the end of June 2024, representing 0.63% of total committed exposures. This comes as CBA also released its Household Spending Insights (HSI) ...

Fidelity makes key sales appointments

ELIZABETH FRY  |  WEDNESDAY, 6 NOV 2024
... experience in the wealth management industry, including with ING Australia and BT Investment Management. He joined the firm in June 2023 as a global cross-asset specialist, working closely with clients to communicate Fidelity's broad investment strategy ...

Australian Unity offloads banking business

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2024
... will acquire Australian Unity banking customers and their existing loans, credit cards and deposit accounts, which at 30 June 2024 sat at approximately 25,000 customers, $1.4 billion in loans and credit, and $1.6 billion in deposits. Australian Unity ...

Perpetual halves investment in embattled Star

ELIZA BAVIN  |  TUESDAY, 5 NOV 2024
... WAM portfolio managers Matthew Haupt and John Ayoub admitted they "got the call wrong" when they took a 4% stake in Star in June last year. In September, the WAM Leaders Fund announced it would be gearing up for a "huge rotation" in Australia's share ...