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Showing 511 - 520 of 2161 results for "Extra"

Managed funds redemptions top US$62bn

KANIKA SOOD  |  TUESDAY, 23 JUN 2020
At least US$62 billion of mutual funds across the globe have suspended redemptions so far this year, already higher than at least the previous eight years, owing to COVID-19, according to Fitch Ratings. Fitch attributed the high level of suspensions ...

S&P warns of record fallen angels

ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
S&P Global has warned of a record number of junk bonds in June as issuance in the US high yield bond market tracks at its busiest pace. The global ratings agency said there is an expected US$23.88 billion priced through June 12, following on from May's ...

ISA plays devil's advocate on SG

HARRISON WORLEY  |  MONDAY, 15 JUN 2020
... retirement for a couple each earning $50,000 a year. However, if the SG were not to increase, the same couple would have an extra $111 to spend each year. "The objective of assuming an offset scenario is not to recognise that rate as correct but rather ...

Sargon liquidators in talks with litigation funder

KANIKA SOOD  |  MONDAY, 15 JUN 2020
Sargon Capital's liquidators have found no takers for its May 22 call to creditors for extra funding to dig deeper into the company's affairs, and are now talking to a litigation funder. On May 22, Wexted Advisors asked Sargon Capital's 23 creditors ...

Men gamble ERS payment away: Research

ELIZABETH MCARTHUR  |  MONDAY, 15 JUN 2020
... on a gambling binge. Men's spending on gambling was 93% higher than women's. Men who accessed their super early spent an extra $290 a fortnight gambling, coming off a pre-COVID base of $56 a fortnight. With access to pubs and clubs restricted as part ...

FPA accuses ASIC of price gouging

ELIZA BAVIN  |  MONDAY, 15 JUN 2020
The Financial Planning Association of Australia has hit back at the corporate regulator accusing it of price gouging after increasing the industry funding levy for financial advisers by 38%. The FPA has urged the corporate regulator to reconsider the ...

SEC charges COVID-19 microcap scammers

ALLY SELBY  |  FRIDAY, 12 JUN 2020
... Warawa, with fraudulently dumping shares of one of the microcaps. SEC Boston director Paul Levenson encouraged investors to be extra vigilant when investing in microcaps in the current environment. "Microcap stocks can be particularly vulnerable to manipulative ...

FASEA extension hits snag

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
The extensions that will allow financial advisers an extra year to complete the FASEA exam and two years to complete the FASEA education requirements was returned to the House of Representatives after an amendment was sought. Despite being introduced ...

Chief economist update: The second wave

BENJAMIN ONG  |  FRIDAY, 12 JUN 2020
Wall Street is down! Repeat, Wall Street is down! At the close of last night's trading activity all US benchmark equity indices closed sharply lower: Dow (6.9%), S&P 500 (5. 9%), Nasdaq (5.3%), Russell 2000 (7.6%). Financial market wire and web ...

BetaShares to list hedged versions of global stocks ETFs

KANIKA SOOD  |  WEDNESDAY, 10 JUN 2020
... in demand for hedged [funds]. Australian dollar fell significantly to under 65 cents and has bound back to 70 [and] that extra volatility it adds to portfolio is not always welcome," Vynokur told Financial Standard. "In the last 10 years, the story has ...