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Showing 5261 - 5270 of 11513 results for "DIV"

VanEck Australia makes first billion

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2017
VanEck Australia credited investors buying smart beta ETFs with helping it accumulate $1 billion in funds under management in just three years. Achieving the milestone last week, Australia's fifth largest ETF provider said recent years have seen the ...

Hastings names new chief executive

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2017
A former chief financial officer of Westpac's institutional bank will be the next chief executive of Hastings Funds Management. Hastings chairman Brian Scullin has confirmed that current chief executive Andrew Day will leave the business at the end ...

The BOJ's educated hope

BENJAMIN ONG  |  FRIDAY, 22 SEP 2017
They were just hours apart but the US Federal Reserve and the Bank of Japan's monetary policy decisions were as wide as their geographic locations, perhaps wider. While both central banks kept existing policies unchanged at their September meetings ...

Multi-asset strategy enters Aussie retail market

DARREN SNYDER  |  THURSDAY, 21 SEP 2017
The "institutionalisation" of financial advice dealer groups has attracted a London-based asset manager to open its multi-asset absolute return fund to Australian retail investors. Already established in Australia and managing about $2.5 billion for ...

CBA mulls CFSGAM IPO, head of wealth departs

KARREN VERGARA  |  THURSDAY, 21 SEP 2017
Commonwealth Bank announced its asset management arm, Colonial First State Global Asset Management, is undergoing a strategic review and could potentially list as a public company. CFSGAM, with $219 billion in assets under management, has "achieved ...

AIA acquires CBA life insurance businesses

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
The Commonwealth Bank has sold 100% of its Australian and New Zealand life insurance businesses to AIA Group for $3.8 billion. The sale of CommInsure Life and Sovereign also includes a 20-year bancassurance partnership with AIA for the provision of ...

Global $11bn manager acquires US firm

ALEX BURKE  |  WEDNESDAY, 20 SEP 2017
A global manager with over $11 billion in assets under advisory and management, which operates in Australia via BNP Paribas Asset Management, has acquired a US firm for US$52.5 million. Impax Asset Management entered into an agreement to acquire 100% ...

AMP launches LIF-ready resource

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2017
AMP launched an online Life Insurance Framework (LIF) resource aiming to prepare advisers for the 1 January 2018 legislative changes. The resource hub features video tutorials and a cashflow modeller that assesses the impact different remuneration structures ...

Investec to take on Aussie ABL sector

JAMIE WILLIAMSON  |  WEDNESDAY, 20 SEP 2017
The Investec Group will enter the local asset-based lending (ABL) market, complementing its products already offered in Australia. Investec Australia's Corporate and Acquisition Finance (CAF) division will focus on sponsored and non-sponsored event ...

Platinum LIC reaps Asia rewards

ALEX BURKE  |  TUESDAY, 19 SEP 2017
The Platinum Asia Investments listed investment company saw strong investment gains of 20.21% in the 12 months to June 30. The performance, measured in pre-tax net tangible assets growth, was nonetheless slightly lower than the return delivered by the ...