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Showing 5311 - 5320 of 19588 results for "RIS"

Global manager shuts fund

KANIKA SOOD  |  FRIDAY, 5 JUN 2020
AXA Investment Managers has decided to close a $109 million fund as its largest investor pulls out. The AXA IM Global Dynamic Equity Plus fund invested in global equities and was 3.06% under its benchmark MSCI World Index ($A, unhedged) after fees for ...

Global ETF leaders push for reform

ALLY SELBY  |  FRIDAY, 5 JUN 2020
The world's largest exchange traded product issuers have partnered to petition for classification reform, in a move which BlackRock head of iShares Australasia Christian Obrist said would help to improve transparency for investors. In a proposal to ...

Volatility is not the devil: Pengana

ALLY SELBY  |  THURSDAY, 4 JUN 2020
Volatility, despite its stomach turning swings, should not be feared; instead investors should take time to understand it to take advantage of the opportunities it presents. That's according to Pengana Capital Group executive director and manager for ...

Dealer groups slam FPA policy

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
Fortnum, Centrepoint, Easton Wealth, CountPlus, Fitzpatricks and Paragem have all criticised the Financial Planning Association of Australia's latest policy proposal. The FPA wants to see AFSLs only responsible for the oversight of product compliance ...

Taper rates need revamp

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
A new paper published by Actuaries Institute says current taper rates may be encouraging middle-income earners to spend their retirement savings too quickly and live on the Age Pension alone. People with $300,000 to $800,000 in retirement savings could ...

IFM Investors hits back at MP demanding probe

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
Greg Combet has written to Standing Economics Committee chair Tim Wilson, rejecting the latter's claims of a conflict of interest in IFM's business and the demand for an APRA investigation into industry funds. Last month, Wilson wrote to APRA asking ...

38 staff punished over AUSTRAC scandal: Westpac

ELIZA BAVIN  |  THURSDAY, 4 JUN 2020
Westpac has confirmed 38 staff copped a range of remuneration consequences as a result of the bank's investigations into the AUSTRAC scandal. In a statement, the bank confirmed it should have recognised the faults in its systems earlier. "The report ...

Charities call for further stimulus

ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
Charities have called on the government to plan for a gradual transition of its stimulatory payments so as to avoid the loss of more than 200,000 jobs in the sector. New research from Social Ventures Australia (SVA) and the Centre for Social Impact ...

GDP figures reveal start of COVID-19 impact

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
The Australian Gross Domestic Product fell 0.3%, seasonally adjusted, in the March quarter and growth slowed to 1.4% through the year, according to figures released by the Australian Bureau of Statistics. ABS chief economist Bruce Hockman said this ...

Economic outlook not as bad as predicted: RBA

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
The Reserve Bank of Australia governor Phillip Lowe said the extent of the economic downturn, as a result of the impacts of COVID-19, is not as dire as expected. At the June meeting, the RBA board decided to maintain the current policy settings, keeping ...