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Showing 671 - 680 of 8407 results for "June"

Australian Unity Office Fund to be wound up

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... will not be an active market for AOF units." Australian Unity said winding up is expected to be completed no earlier than June 2025 and may occur after this time. Approval of AOF unitholders is not required for the winding up.

Low-cost funds outperform in most asset classes: Morningstar

MATTHEW WAI  |  TUESDAY, 19 NOV 2024
... managers have performed best over the past decade by 10 basis points against their passive counterparts as at the end of June 2024. Manager research senior analyst Zunjar Sanzgiri highlighted what active managers have predominantly performed well in ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... option - and Hostplus which devalued assets within its property and infrastructure portfolios by a range of 7.5%-10%. In June 2024, APRA said there was room for improvement when it comes to trustees' oversight of unlisted asset valuations, finding ...

CareSuper, MIESF assess merger potential

JAMIE WILLIAMSON  |  TUESDAY, 19 NOV 2024
... under the age of 40. It's a steady performer, having achieved a net return of 7.82% to MySuper members over 10 years to June 30. Still, the fund has gained less than 5000 members since 1983. It faces challenges as a result of not being open to the ...

Active managers outperform in limited asset classes, fall short in survivorship

KARREN VERGARA  |  MONDAY, 18 NOV 2024
... management when it comes to Australian bonds. Active managers performed best over 10 years at 2% versus 1.9% as at the end of June 2024. "Active funds in the fixed-income domain have more than made up for their lag in performance prior to mid-2020. The ...

AFCA names and shames in fresh Datacube release

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... consumers and financial firms. This newest update adds data covering firms with four or more complaints from 1 July 2023 to 30 June 2024. In the superannuation sector, the largest funds in terms of membership received the most complaints. AustralianSuper ...

Fiji super fund picks Northern Trust for custody

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
... compulsory superannuation fund. The fund, which was established over 50 years ago, has about $6.5 billion in assets as at June 2023. It is a major investor in the local Fiji economy and one of the country's largest property owners, including owning many ...

Wages grow 3.5% for the year

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... head of price statistics Michelle Marquardt said this was the first time annual wage growth had fallen below 4% since the June 2023 quarter. Commonwealth Bank senior economist Stephen Wu said the reading was softer than what the Reserve Bank of Australia ...

Bell Financial Group bids $51m for SelfWealth

KARREN VERGARA  |  WEDNESDAY, 13 NOV 2024
... under administration (FUA) of about $11 billion. The transaction will see BFG's FUA rise to $94 billion. At the end of June, SelfWealth had 128,700 active traders and made $27.6 million in operating revenue and $3.4 million in profit. SelfWealth ...

Magellan chief operating and financial officer departs

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... announced Kirsten Morton has resigned as chief operating officer and chief financial officer. Morton started with the group in June 2013 in the joint role of chief financial officer and chief operating officer. She also served as interim chief executive ...