Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 774 results for "June quarter"

Future Fund posts 6% return

JAMIE WILLIAMSON  |  WEDNESDAY, 30 AUG 2023
... generate meaningful returns from a diversified range of assets such as that owned by the Future Fund." Meantime, for the June quarter, the fund returned just 1.6%. For context, and while a direct comparison cannot be drawn, the median return for superannuation ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... standards. According to ASFA, the annual expenditure needed to reach its comfortable retirement standard rose 0.5% in the June quarter to hit a record high of $70,806 per year for couples, and $50,207 for singles, taking the annual increase to 6.1%. ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... three months. Complaints involving financial difficulty rose by 9% year on year to 4849. These shot up 31% in the June quarter. Home loan complaints rose 10% annually but grew 19% quarter on quarter. Credit card complaints rose 15% year on year and more ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... the 7% annual rise in March, marking the second consecutive quarter of lower inflation. CPI rose by 0.8% over the June quarter, fuelled by higher rental prices (+2.5%), international holiday travel and accommodation (+6.2%), other financial services ...

Office sector down 8%: MSCI

KARREN VERGARA  |  FRIDAY, 14 JUL 2023
... Commercial real estate funds returned -4.4% for investors and provided a measly 3.7% in income during the period. In the June quarter alone, office funds recorded a -5.2% fall in capital growth, according to the MSCI/Mercer Australia Core Wholesale Monthly ...

Equity managed funds in record outflows: Calastone

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
Investors abandoned unlisted managed equity funds in record amounts in the June quarter, data from Calastone reveals, as they look to cash and fixed interest for security. Some $2.8 billion is the largest outflow Calastone has recorded in the last five ...

FinClear partners with trading platform

KARREN VERGARA  |  WEDNESDAY, 14 JUN 2023
... launched in Australia, is a market participant of the ASX and Cboe Australia. It is due to go live by the end of the June quarter. FinClear will provides clearing services for Webull customers trading in Australian-listed securities. It joins the likes ...

Thematic ETP launches lag funds flow

JAMIE WILLIAMSON  |  MONDAY, 7 NOV 2022
... Rainmaker ETP Report, total assets held in ETPs as at June end was $125.5 billion. Of the 12 new product launches in the June quarter, six were in cryptocurrencies. Just last week, Cosmos Asset Management applied to Cboe to delist its crypto ETFs after ...

What's the deal with managed funds?

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
... the total managed funds industry fell $180.2 billion (-4%) to $4296.3 billion in funds under management, during the June quarter. The consolidated assets of managed funds institutions fell by $127 billion (-3.5%) to $3457.3 billion. Cross invested assets ...

Future Fund assets drop to $194.4bn

CASSANDRA BALDINI  |  WEDNESDAY, 31 AUG 2022
... have meant the return is $4 billion better than it would have been had we not made them." He made the point that the June quarter was extremely volatile, and markets were down in some cases more than 15%. "If we recorded on the basis of March valuation ...