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Showing 5641 - 5650 of 21771 results for "Dec"

PIMCO eyes ETFs

KANIKA SOOD  |  MONDAY, 22 FEB 2021
The fixed income giant is getting ready to list its fixed income funds as active ETFs in Australia. PIMCO, which managed over $52 billion in Australian assets at September end, has so far stayed away from ETFs. It did list nine of its strategies in ...

Investors on red alert despite vaccines

KARREN VERGARA  |  MONDAY, 22 FEB 2021
Despite the promise and optimism of COVID-19 vaccines, professional investors continue to worry about the pandemic's economic impact, a global study of 400 reveals. Natixis Investment Managers' annual 2021 Professional Fund Buyer Outlook, conducted ...

Aussie dividends slump 40%

KARREN VERGARA  |  MONDAY, 22 FEB 2021
Three-in-five Australian publicly listed companies have either cut or withheld their dividends during 2020 as a result of COVID-19, a global dividend index shows. Between April and December 2020, Aussie firms either cut or cancelled dividend payments ...

Industry fund expands leadership team

KARREN VERGARA  |  MONDAY, 22 FEB 2021
A $16 billion superannuation fund has welcomed two members to its executive team, as well as a portfolio manager from Victorian Funds Management Corporation. Sam Horskins is the new chief financial officer at CareSuper, overlooking the statutory and ...

Wealth group makes acquisition

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
A subsidiary of ASX-listed accounting firm Kelly+Partners has made a tuck-in acquisition of a financial services group on the New South Wales Central Coast. The subsidiary will acquire a 51% stake in the group which includes private wealth management ...

Review of AFCA underway

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
The government has released terms of reference for the review of the Australian Financial Complaints Authority, asking for stakeholder feedback. The review will be conducted by Treasury, aiming to test whether AFCA is operating effectively and achieving ...

Chief economist update: The vaccine has landed

BENJAMIN ONG  |  MONDAY, 22 FEB 2021
No more tears, fears... and hopefully snap lockdowns. Today, 22 February 2021, will go down in Australian history as VAC (vaccine against covid-19) Day (although Australian Prime Minister Scott Morrison and Chief Medical Officer Paul Kelly and 84-year-old ...

BOQ acquires ME Bank

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
Bank of Queensland has acquired industry super-owned ME Bank for $1.325 billion. The move sees BOQ acquire 100% of ME Bank for $1.325 billion cash, funded by an underwritten capital raising of $1.35 billion. The price represents 1.15 times ME's ...

Netwealth cash margin could squeeze

KANIKA SOOD  |  FRIDAY, 19 FEB 2021
Netwealth's revenue from its cash transaction accounts could fall in the next year as the risk of ANZ Bank renegotiating the rate rises, according to Macquarie. Netwealth had $38.8 billion in total funds under advice at December end. Of this, about ...

Woodside results vindicate divestment argument: Activists

ELIZABETH MCARTHUR  |  FRIDAY, 19 FEB 2021
Woodside Petroleum's annual results, with a $US4.028 billion net loss for 2020, are food for thought for super funds, according to divestment activists. Several of Australia's largest super funds have significant holdings in Woodside. It appears ...