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Showing 631 - 640 of 1754 results for "COVID"

CBA slashes profits, boosts dividends

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
... tax dipped 21% to $4.9 billion on the prior corresponding period. CBA chief executive Matt Comyn blamed the pressures of COVID-19, particularly the effects of loan impairments and higher expenses for the result. About two thirds of the NPAT relates to ...

Chief economist update: Nikkei not so fine

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... plumbed in mid-March 2020. As at 9 February 2021, the Nikkei-225 index has risen by another 7.5% despite Japan extending the COVID-19 state of emergency for another month in 11 prefectures. It was originally slated to end on February 7. Citizens of planet ...

Aware to focus on unlisteds over equities

ELIZA BAVIN  |  TUESDAY, 9 FEB 2021
... focused on building its unlisted infrastructure portfolio before it puts any more of its cash into stocks. Following the COVID crash in the first quarter last year, Graham said Aware was able to bounce back, finishing the year around 5% above the benchmark. ...

No tech bubble: BlackRock

ELIZABETH MCARTHUR  |  TUESDAY, 9 FEB 2021
... generating earnings and revenue growth in 2020 could provide resilience against bumps during the market recovery from the COVID-19 pandemic. A structural shift to digitization and aging societies all over the word should provide long-term growth potential ...

NEOS, ClearView lead satisfaction

ELIZABETH MCARTHUR  |  TUESDAY, 9 FEB 2021
... manager support and streamlined online processes. "When asked to describe in their own words how insurers helped them navigate COVID-19, planners most often acknowledged premium relief for impacted clients, proactive BDM contact and streamlined online ...

ETF liquidity disappears: Morningstar

ELIZABETH MCARTHUR  |  MONDAY, 8 FEB 2021
... their reputation as extremely liquid instruments, could not escape the market turmoil that occurred at the beginning of the COVID-19 pandemic. Even what is considered the most liquid market, US Treasuries, did not escape the fear impacting investors. ...

Evergreen launches stress testing tool

ELIZA BAVIN  |  MONDAY, 8 FEB 2021
... crisis, the US credit rating downgrade, oil shocks and US recession, rising global interest rates, trade conflict and the COVID-19 pandemic. "The tool assesses how today's portfolios would perform if these historical events - and the markets' reaction ...

Industry fund promotes for GM role

JAMIE WILLIAMSON  |  FRIDAY, 5 FEB 2021
... operations during a critical time for the fund, if not industry, including market volatility during the first months of the COVID-19 pandemic and the early release of super scheme," he said.

APRA commends super funds on tough year

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
... peer agencies, particularly the Australian Securities and Investments Commission (ASIC), was also prioritised." Byres said COVID-19 required APRA to adopt a broad perspective when identifying and responding to the risks and vulnerabilities that threatened ...

Lifecycle products cost members: Research

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
... 2020, there was a 3.3 percentage point gap between the top placed product, and the bottom placed product. Rainmaker said the COVID-19 crisis has added extra pressure with the difference in returns over the 12 months to 30 November 2020 growing to 5.5 ...