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Showing 621 - 630 of 5506 results for "September 2016"

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
ANZ has agreed to pay $42 million to settle a class action regarding consumer credit insurance (CCI) products. Commonwealth Bank has also reached a settlement for a similar matter. Slater and Gordon filed the class action against ANZ, OnePath Life ...

Aussie income equities fare well amid turmoil

JAMIE WILLIAMSON  |  MONDAY, 14 NOV 2022
Australian income equities were the top performing asset class in the 12 months to September end. Analysis by Rainmaker Information shows that while global market turmoil impacted all sectors, Australian income equities fared best with a median return ...

Super fund with highest customer satisfaction named

ANDREW MCKEAN  |  THURSDAY, 10 NOV 2022
Roy Morgan's Superannuation Satisfaction report shows an overall decline in super fund satisfaction, but several funds have bucked the trend. The report said that overall, funds scored a satisfaction rating of 67.9% in September 2022, a decrease ...

Women-led global equities teams outperform in downturn

JAMIE WILLIAMSON  |  WEDNESDAY, 9 NOV 2022
Women-led or co-led large cap global equity investment teams outperformed their male counterparts in the calendar year to September, research shows. Investment Metrics reviewed 90 portfolios from 73 different asset managers across the globe and found ...

Westpac updates on strategic priorities

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
In releasing its full-year results, Westpac has provided an update as to its simplification efforts. The banking giant said one of its main priorities is the continued simplification of its business. Portfolio simplification relating to the businesses ...

Thematic ETP launches lag funds flow

JAMIE WILLIAMSON  |  MONDAY, 7 NOV 2022
New research shows it takes about 15 months for new thematic products to launch after a change in funds flow patterns. According to a study by Rainmaker Information, products manufacturers are taking about five quarters to bring new products to market ...

October proves kinder to Magellan

CHLOE WALKER  |  FRIDAY, 4 NOV 2022
After months of decreasing funds under management, Magellan Financial Group has reported the slightest of increases to its FUM despite further outflows. As at October end, Magellan's FUM sat at $51 billion; a month earlier it was $50.9 billion. Its ...

Cosmos Asset Management delists crypto ETFs

CHLOE WALKER  |  FRIDAY, 4 NOV 2022
Just months after launching, the Sydney-based investment firm has said it intends to delist two of its cryptocurrency exchange-traded funds (ETF) on the Cboe stock exchange. In a letter addressed to Cboe, Cosmos stated that it would be applying to revoke ...

MySuper index records worst rolling return since 2009

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
The median return for MySuper products in September was -3.3%, causing the Rainmaker MySuper Index to see its worst annual rolling return since August 2009. For the 12 months to September end, the MySuper index returned -6.4%. It was dragged by the ...

ClearView abandons potential takeover transactions

ANDREW MCKEAN  |  WEDNESDAY, 2 NOV 2022
ClearView Wealth has concluded its strategic review process, with the board deciding not to proceed with any transactions. As previously reported by Financial Standard, ClearView began its strategic review process in September 2021, with the objective ...