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Showing 591 - 600 of 11512 results for "Point"

Positives remain at Perpetual, says Morningstar

JAMIE WILLIAMSON  |  THURSDAY, 25 JUL 2024
After Perpetual reported worse than expected outflows yesterday, Morningstar has lowered its fair value estimate for the 138-year-old wealth giant. However, it says things aren't all bad. In a quarterly update yesterday, Perpetual disclosed $8.9 ...

MLC investment chief shares portfolio plans

ANDREW MCKEAN  |  THURSDAY, 25 JUL 2024
MLC chief investment officer Dan Farmer has told an investment forum that while there have been times when diversifying felt like sacrificing returns, it's now being rewarded. For equity markets, a big driver of portfolio returns, Farmer said that MLC ...

How advisers can reap additional $2.1bn in revenue

KARREN VERGARA  |  THURSDAY, 25 JUL 2024
... Commission, the study found that opportunities abound and there is cause for optimism as the industry reaches a tipping point. To be successful in the future, the Advice 2030: The Big Shift report, co-written with Iress, urges advisers to act now on ...

ESSSuper appoints two executives

KARREN VERGARA  |  FRIDAY, 19 JUL 2024
... executive Robbie Campo said. "In recent years, we've been strongly focused on enhancing our members' experience at every point in their super journey, and the appointment of Stuart as chief member officer will make our offering even stronger," ...

RBA needs to 'rip the band-aid off' and hike rates: VanEck

ELIZA BAVIN  |  FRIDAY, 19 JUL 2024
The seasonally adjusted unemployment rate rose by less than 0.1 percentage point to 4.1% in June, according to data released by the Australian Bureau of Statistics (ABS). While a lower unemployment rate is normally a good sign for the economy, VanEck ...

Canned 'golden visas' ruffle fund managers

KARREN VERGARA  |  THURSDAY, 18 JUL 2024
... studies from Treasury, the Productivity Commission, and Grattan Institute that support the government's decision and point to the negative fiscal impacts of BIIP, SGH director and portfolio manager Adrian Di Mattina said the funds management industry ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
Total compensation for Dixon Advisory victims has reached $338.6 million as the Australian Financial Complaints Authority (AFCA) caps the total number of complainants at 2773. The Financial Advice Association Australia (FAAA) calculates that the financial ...

Platinum ends FY24 with $13bn FUM

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
Platinum Asset Management ended the 2024 financial year with $13 billion in funds under management (FUM), down nearly 30% from the prior year. The fund manager saw about $234 million exit in net flows in the month of June. The majority of this - $195 ...

Markets look to US rate cuts as inflation falls

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
The US Federal Reserve (Fed) has indicated that a cooling labour market has alleviated inflation pressures, signalling to investors that interest rate cuts could be on the horizon. June's US consumer price index (CPI) data revealed a rise of 3% from ...

Job mobility falls for first time in three years

ELIZA BAVIN  |  TUESDAY, 9 JUL 2024
Australia's job mobility rate has fallen for the first time in three years, back to around its pre-pandemic level, according to new data from the Australian Bureau of Statistics (ABS). ABS head of labour statistics Bjorn Jarvis said in the 12 months ...