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Showing 41 - 50 of 599 results for "December quarter"

Inflation beats forecasts, hits 7.8%

JAMIE WILLIAMSON  |  WEDNESDAY, 25 JAN 2023
The official Consumer Price Index jumped 1.9% in the December 2022 quarter, rising to the highest annual rate of inflation in over 30 years. The figures were released by the Australian Bureau of Statistics (ABS) today and mark the fourth consecutive ...

Generation Development Group inflows decline, FUM increases

ANDREW MCKEAN  |  TUESDAY, 24 JAN 2023
... reported negative quarterly gross inflows, down 38% on the period prior. GDG's net inflows were $59 million in the December quarter. The business also had $114 million sales inflows. GDG chief executive and managing director Grant Hackett called this ...

Praemium takes 53% hit to inflows

CASSANDRA BALDINI  |  MONDAY, 23 JAN 2023
... billion last June, while Separately Managed Accounts (SMA) increased by 11% to $9.0 billion from $8.1 billion. "The December quarter of the 2023 financial year has seen both Powerwrap and Praemium's SMA scheme continue to generate positive net flows," ...

Netwealth reports FUA increase

CHLOE WALKER  |  THURSDAY, 19 JAN 2023
Netwealth's funds under administration (FUA) increased by $4.3 billion in the December quarter, bringing the total to $62.4 billion. Netwealth said its FUA increased a total of $5.8 billion in the 12 months to December, representing a growth of 10.2%. ...

Adviser population dropped 17% in 2022

JAMIE WILLIAMSON  |  FRIDAY, 13 JAN 2023
... exited the sector last year, bringing the total number at December end to 15,529 - the lowest in 19 years. The December quarter alone saw a 6% decline, likely driven by the October adviser exam deadline. The total number of advice licensees also fell ...

Easter Bunny feels the inflationary pinch

ANDREW MCKEAN  |  THURSDAY, 14 APR 2022
... the chocolate index, inflation has run rampant in almost all consumer price index groups in Australia. From the December quarter 2020 to December quarter 2021, all groups CPI rose 3.5%. Transport and housing with 12.5% and 4% respective rises had the ...

Inflation hitting retiree budgets: ASFA

CHLOE WALKER  |  THURSDAY, 10 FEB 2022
... addition, the percentage increases in the budgets for those aged around 65 was higher than the increase in the December quarter All Groups CPI of 1.3%. The research also found that price increases for retirees are outstripping those for employees and ...

Magellan shuns turnaround companies

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... high rate of return or satisfactory rate of return on your money." Magellan shareholders suffered a tumultuous December quarter, fearing what the loss of a major mandate and troubles at the executive level meant for their investments. UK wealth manager ...

Future Fund now over $200bn

CHLOE WALKER  |  WEDNESDAY, 2 FEB 2022
... in assets for the first time, its latest portfolio update has revealed. Future Fund continued to grow over the December quarter, contributing to an annual return of 19.1% for the calendar year, against a target of 7.5%. Its total assets have now reached ...

Record inflows for HUB24

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 JAN 2022
HUB24 has reported record platform inflows for the December quarter of the financial year. HUB24 saw platform net inflows of $3.6 billion during the quarter, including $349 million transitioned from externally administered legacy IOOF private labels ...