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Showing 531 - 540 of 2216 results for "In March"

Chief economist update: COVID-19 causes double-dip

BENJAMIN ONG  |  MONDAY, 3 MAY 2021
... surveys. The IHS Markit flash Eurozone Composite PMI increased to a nine-month high reading of 53.7 in April (from 53.2 in March). The region's manufacturing PMI rose to a record high of 63.3 while the services PMI went up to a reading of 50.3 - ...

OpenMarkets hires, acquires, preps for IPO

ELIZABETH MCARTHUR  |  FRIDAY, 30 APR 2021
... chair of the audit risk committee for Citadel Group. The appointments come as OpenMarkets expands its team from just 17 in March 2020 to now 88 people and prepares for an IPO. It also acquired financial adviser platform InvestFit which it will rebrand ...

Chief economist update: Low for longer

BENJAMIN ONG  |  THURSDAY, 29 APR 2021
... recovering faster than expected and the labour market has improved significantly. The unemployment rate dropped to 5.6% in March after jumping to 7.5% in July last year -- its highest level in 22 years. This jobless rate remains insufficient to drive ...

AMP Capital shutters dud fund, Naeimi departs

ELIZABETH MCARTHUR  |  THURSDAY, 29 APR 2021
... since climbed back, according to Morningstar data. The most recent fund update shows it returned 23.67% year on year in March 2021, and 5.71% gross of fees since inception for wholesale investors. Its objective was 6.47% since inception.

Go, iron ore, go

BENJAMIN ONG  |  WEDNESDAY, 28 APR 2021
... that's a 14.9% increase from the start of 2021 and a stupendous 128.5% surge from the pandemic low of US$78.33 recorded in March last year. No prize for the whys and wherefores but as it was then, it's still China's need for steel that's ...

Chief economist update: Tomorrow never dies

BENJAMIN ONG  |  MONDAY, 26 APR 2021
... record. The IHS Markit flash Eurozone Composite PMI increased to a nine-month high reading of 53.7 in April (from 53.2 in March). The region's manufacturing PMI rose to a record high of 63.3 while the services PMI went up to a reading of 50.3 - the ...

Defined benefit fund in SFT

ELIZABETH MCARTHUR  |  FRIDAY, 23 APR 2021
... Trustees will cease as trustee as new trustee Mercer Superannuation takes over. Members were notified by Equity Trustees in March and will be automatically transferred to the new plan on 29 April 2021, unless they choose to exit the fund prior to that ...

Chief economist update: Copper 10,000

BENJAMIN ONG  |  TUESDAY, 20 APR 2021
... depreciation. The US dollar index (versus major currencies) has now fallen by 11.4% from the 17-year high it recorded in March last year - which, itself, suggests greater investor confidence (i.e., lesser safe-haven purchases) in the revival of global ...

Netwealth FUA crosses $40 billion

KANIKA SOOD  |  FRIDAY, 16 APR 2021
... slower than previous corresponding period. Managed fund netflows for the March quarter were $32 million ($52 million in March quarter, $74 million in December 2020 quarter). Managed accounts net inflows were $889 million, which is higher than December ...

Chief economist update: Australians all let us rejoice

BENJAMIN ONG  |  FRIDAY, 16 APR 2021
... decreased to 7.9% - below pre-pandemic levels. Monthly hours worked increased by 38 million hours to a record 1,800 million in March. To be sure, and according to Bjorn Jarvis, head of labour statistics at the ABS, "The data was collected during the ...

Editor's Choice

Praemium's new leadership toughens earnings yardstick

RIDDHIMA TALWANI
Praemium's new leadership will be keeping a close eye on costs, with new chief executive Denis Orrock noting he will make sure the technology upgrade underway translates into stronger earnings and better returns for shareholders.

Australian Ethical FUM drops by $70m

RIDDHIMA TALWANI
Australian Ethical saw a net outflow of $100 million in its investment business in the first quarter of the financial year.

Perennial expands wholesale offer for pre-IPOs

MATTHEW WAI
Perennial Partners is launching a new strategy for wholesale investors to capitalise on global pre-IPO opportunities, requiring a minimum investment of $100,000.

Macquarie wealth investment chief to depart

MATTHEW WAI
Macquarie chief investment officer for wealth will take on a new role at a New Zealand-based investment management firm after serving in the position for close to three years.

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