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Showing 41 - 50 of 669 results for "September quarter"

Clime IM doubles down on strategy, taps into AI

ANDREW MCKEAN  |  MONDAY, 30 OCT 2023
... services and systems, a move that contributed to elevated operating and project consultant costs impacting the September quarter results. But Clime acknowledged "significant progress" in transforming into a private wealth business, highlighting that ...

Inflation eases to 5.4%, RBA tipped to hike interest rates

ANDREW MCKEAN  |  THURSDAY, 26 OCT 2023
... yesterday, showing a moderation in annual inflation from 6% to 5.4%. However, inflation climbed 1.2% in the September quarter, outpacing the 0.8% increase in June, prompting GSFM investment strategist Stephen Miller to label an upcoming interest rate ...

Netwealth to distribute private markets offering

ANDREW MCKEAN  |  THURSDAY, 19 OCT 2023
... update to the ASX, revealing a large increase in funds under administration (FUA) from $1.7 billion for the September quarter, despite a negative market movement of $0.4 billion. Netwealth's FUA has now reached $72 billion, marking a 23.9% increase ...

Multi-asset funds see $1bn exodus

KARREN VERGARA  |  WEDNESDAY, 11 OCT 2023
... economy is bad for tenant demand," she said. Overall, managed equity funds saw inflows of $705 million in the September quarter. Inflows were down 81% on a year-on-year basis. Just under half of the quarter's inflows went to Australian stocks, a net ...

Salary inflation becoming S issue for ESG managers

RACHEL ALEMBAKIS  |  FRIDAY, 20 JAN 2023
... in the September 2022 quarter, and 3.1% annually. The average size of hourly wage increases was 4.3% in the September quarter of 2022, and nearly half - 46.4% of private sector jobs - recorded a change in their hourly wage rate this quarter compared ...

Super assets decline despite contributions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 23 NOV 2022
... other assets comprise 2.3%. The rate of return (ROR) for funds with more than six members was -0.7% for the September quarter and -6.4% for the year to September end. "This is the third consecutive quarter of negative quarterly ROR, as investment markets ...

Cost of retirement in lockstep with inflation: ASFA

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... Superannuation Funds of Australia (ASFA), the amount needed for a comfortable retirement has risen again in the September quarter. The ASFA Retirement Standard September quarter 2022 figures show that couples aged around 65 living a comfortable retirement ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... data today from the Australian Bureau of Statistics (ABS) shows the Consumer Price Index (CPI) rose 1.8% in the September quarter. Over the 12 months to September 2022, CPI rose 7.3%, the highest annual movement since 1990. Nevertheless, over time, the ...

Perpetual takeover of Pendal progresses

ANDREW MCKEAN  |  WEDNESDAY, 19 OCT 2022
... strong outperformance for our clients." Separately, Pendal gave a quarterly update to investors, its FUM for the September quarter is $104.5 billion, down from $111 billion the previous period. Pendal Group chief executive Nick Good said: "This September ...

Netwealth FUA sits at $58bn

JAMIE WILLIAMSON  |  THURSDAY, 13 OCT 2022
Netwealth's funds under administration (FUA) increased by $2.5 billion in the September quarter, now coming in at $58.1 billion. FUA has increased a total of $6.1 billion in the 12 months to September 30, despite negative markets. Funds under management ...