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Showing 41 - 50 of 555 results for "Year End"

World's largest pension fund returns 22.67%

ANDREW MCKEAN  |  MONDAY, 8 JUL 2024
Japan's $2.27 trillion Government Pension Investment Fund (GPIF) reported a 22.67% return for the fiscal year ending 2023. This performance was driven primarily by domestic equities, which yielded 41.41% return, and foreign equities, which returned ...

Channel Capital, Arnott Capital set up strategic partnership

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
Channel Capital and Arnott Capital have formed a strategic partnership to support business growth and optimise operational efficiencies. Channel Capital will provide a full suite of non-investment services to Arnott Capital, including trustee responsibilities ...

HESTA returns 9.1% to members

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
HESTA's default MySuper balanced growth option has returned 9.1% over the last financial year. The option has averaged an annual return of 7.62% over the past 10 years. HESTA chief executive Debby Blakey said that despite ongoing uncertainty in financial ...

ASIC suspends AFSL for six managed investment schemes

ELIZA BAVIN  |  THURSDAY, 30 MAY 2024
The Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services licence (AFSL) of Aurora Funds Management until 20 September 2024. Aurora is the responsible entity of six registered managed investment schemes ...

The top investment funds over the past year

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
The top-performing investment funds for the year ending March 31 have been announced, with all being ETFs focused on international equities. The BetaShares Crypto Innovators ETF (ASX: CRYP), with $158 million in net assets, led the pack with a 163.8% ...

Macquarie Group profits falls 32% to $3.52bn

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
Macquarie Group has reported a net profit of $3.52 billion for the year ending 31 March 2024, a 32% decrease from the previous year. The firm's assets under management increased to $938.3 billion, up 7% from 31 March 2023, but primarily due to favourable ...

Future Fund posts 10.1% annual return, surpassing benchmark

ANDREW MCKEAN  |  MONDAY, 29 APR 2024
... "Markets have priced in this economic resilience and expectations of several rate cuts in Australia and the US before year end. But as we have been saying for some time, inflation remains sticky and while it remains above central bank targets the risk ...

Netwealth's share price rises following strong inflows

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... Netwealth's funds and flows were above its forecasts and consensus and provided upbeat commentary for strong flows to year end. "Looking ahead, management expects 4Q24 flows to be 'very strong' and we have lifted our FY24 FUA forecast by 3% to $89 billion," ...

Economists react to latest RBA rate decision

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
... RBA currently expects will ultimately "force its hand" seeing it cut rates from mid-year with three 0.25% rate cuts by year end, taking the cash rate down to 3.6% by December. Meanwhile, State Street Global Markets head of APAC macro strategy Dwyfor ...

Best default super funds revealed

ANDREW MCKEAN  |  MONDAY, 4 MAR 2024
Superannuation research shows that retail funds dominated in the 12 months to January end. League tables show Vanguard Super's default lifecycle investment option bested competitors for the year ending 31 January 2024. According to Rainmaker Information ...