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Showing 6691 - 6700 of 21776 results for "Dec"

Global manager shuts fund

KANIKA SOOD  |  FRIDAY, 5 JUN 2020
AXA Investment Managers has decided to close a $109 million fund as its largest investor pulls out. The AXA IM Global Dynamic Equity Plus fund invested in global equities and was 3.06% under its benchmark MSCI World Index ($A, unhedged) after fees for ...

QIC appoints executive director

KANIKA SOOD  |  FRIDAY, 5 JUN 2020
The $80 billion fund manager has hired BMO Global Asset Management's Asia Pacific managing director as an executive director as the incumbent retires. Ravi Sriskandarajah will join QIC as executive director, client solutions and capital on September ...

Global ETF leaders push for reform

ALLY SELBY  |  FRIDAY, 5 JUN 2020
The world's largest exchange traded product issuers have partnered to petition for classification reform, in a move which BlackRock head of iShares Australasia Christian Obrist said would help to improve transparency for investors. In a proposal to ...

Sustainable dividend stocks offer yield opportunities: Report

ELIZA BAVIN  |  FRIDAY, 5 JUN 2020
Sustainable dividend stocks may offer equity exposure and yield with some insulation from price fluctuations, according to QS Investors. In its latest investment insight note, QS Investors, a Legg Mason affiliate, said it is critical to consider valuations ...

Chief economist update: The ECB's PEPP economy

BENJAMIN ONG  |  FRIDAY, 5 JUN 2020
When the going gets tough... the European Central Bank (ECB) gets more policy provision going. At its June 4 Governing Council meeting, the central bank raised the size of its Pandemic Emergency Purchase Program (PEPP) by €600 billion to a total of ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
At a hearing of the House of Representatives Standing Committee on Economics that was supposed to focus on ME Bank's recent troubles, the super funds performing poorly in terms of early release copped surprise criticism. APRA had advised that early ...

Chief economist update: Australian recession - the next generation

BENJAMIN ONG  |  THURSDAY, 4 JUN 2020
Technically, we're not there yet but Federal Treasurer Josh Frydenberg opted not for a stay of execution and acknowledged that Australia's 29-year recession-free run is over. "Well, the answer to that is yes. And that is on the basis of the ...

38 staff punished over AUSTRAC scandal: Westpac

ELIZA BAVIN  |  THURSDAY, 4 JUN 2020
Westpac has confirmed 38 staff copped a range of remuneration consequences as a result of the bank's investigations into the AUSTRAC scandal. In a statement, the bank confirmed it should have recognised the faults in its systems earlier. "The report ...

Housing affordability improves

ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
Housing affordability marginally improved during the March quarter, with the proportion of income required to meet loan repayments decreasing by 0.1%. The report comes out of industry body REIA, which found that affordability improved in NSW, Queensland ...

Boutique to remediate clients

KANIKA SOOD  |  WEDNESDAY, 3 JUN 2020
A fund manager will remediate clients in eight funds after a recent review of its management costs identified a unit pricing error. Alpha Fund Managers' investors in eight funds were charged the wrong fees between July, 2017 and January, 2020 for ...