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Showing 601 - 610 of 1637 results for "valuation"

Fund manager outflows spread into June quarter

KANIKA SOOD  |  THURSDAY, 23 JUL 2020
... 3-8%, according to Macquarie. "With the sector having re-rated ~20% since the end of March, there is diminished absolute valuation appeal, however relative valuation appeal to broader market is evident (~30% discount to industrial ex banks)," Macquarie ...

Pension funds apply pressure on climate change

ELIZABETH MCARTHUR  |  THURSDAY, 23 JUL 2020
Some of the largest pension funds in the US have sent letters to their government urging action on climate change after a proposal sought to limit their ESG investing capabilities. The California State Teachers Retirement System (CalSTRS), which has ...

Property winners, losers of COVID-19 crisis

ALLY SELBY  |  THURSDAY, 23 JUL 2020
... have been impacted the most by the pandemic, Everett said, and have experienced the greatest changes in operations and valuation declines. "When we have increasing clarity on valuation reductions, there may be future opportunities for discounted investment," ...

New global funds added to HUB24, Netwealth

ELIZA BAVIN  |  THURSDAY, 23 JUL 2020
Neuberger Berman has had two of its global strategy funds added to both HUB24 and Netwealth platforms. The Neuberger Berman Emerging Markets Equity Select Fund and Neuberger Berman Strategic Income Fund were launched in Australia 12 months ago, with ...

State Street warns of dot-com parallels

ALLY SELBY  |  WEDNESDAY, 22 JUL 2020
State Street Global Advisors has warned the current rally in equities markets parallels that of the dot-com boom, as price to earnings multiples continue to expand. Since the March 23 low, the ASX All Technology Index, which features the likes of buy-now-pay-later ...

HUB24 wins out over Netwealth: Ord Minnett

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
... under administration for FY20 while Netwealth had $31.5 billion. Both finished FY20 with strong flows. "HUB24's valuation relative to NWL has diverged significantly, with both trading on similar FY21 PE ratios but HUB24 growing ~6x more rapidly in ...

Spaceship Super gets boost from Voyager

KANIKA SOOD  |  TUESDAY, 14 JUL 2020
... firm now has about 40 full-time staff and a few casuals and combined $420 million in funds under management. Its last valuation, during its 2018 raise, pegged it at $80 million. Superannuation is currently the bigger revenue contributor of the two streams ...

REIT revises up portfolio value

KANIKA SOOD  |  MONDAY, 6 JUL 2020
... properties which are about half of the portfolio by value. The remaining 21 properties were subject to internal or directors valuation. It attributed the 1.3% or $21 million interim increase in portfolio value compared to the preceding book value to ...

Gordon Brothers appoints Aussie executive

JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
... Brothers said Smyth becomes a key member of the global valuations management team, which is rounded out by European valuation team lead Scott Fuller and global valuations president Chris Carmosino. Gordon Brothers head of Australia Tim Stewart said ...

Managed funds redemptions top US$62bn

KANIKA SOOD  |  TUESDAY, 23 JUN 2020
... years, owing to COVID-19, according to Fitch Ratings. Fitch attributed the high level of suspensions in redemptions to valuation uncertainty and holdings with limited liquidity in managed funds. "We believe that the spate of suspensions and application ...