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Showing 51 - 60 of 140 results for "LICs"

Stamping fees consultation kicks off

KANIKA SOOD  |  TUESDAY, 28 JAN 2020
... (ETPs) has over $60 billion in total market cap at end of last year, with over 52% growth in the last year alone. Meanwhile LICs and LITs have grown to over $53 billion, after growing almost 30% in the 12 months to December 2019. The consultation, which ...

Government ignored ASIC over LIC carve-out

HARRISON WORLEY  |  MONDAY, 6 JAN 2020
... Documents released under Freedom of Information laws reveal the government ignored ASIC's advice to not create a carve-out for LICs and LITs in the Future of Financial Advice conflicted commission ban. According to documents published last week under ...

Antares portfolio manager moves to LIC

KANIKA SOOD  |  THURSDAY, 7 NOV 2019
... more than 14 years with the company. He is joining the Australian Foundation Investment Company, which is among the largest LICs in the country and had market cap of $7.7 billion at the end of September. McNeill joins an investment team of nine. He will ...

ASX faces challenge on ETF stronghold

KANIKA SOOD  |  TUESDAY, 15 OCT 2019
... Miller said. "Once ASIC makes their views around it clear, the issuers will come to a decision." The exchange has looked at LICs and LITs in the past but does not have plans to list them in the foreseeable future, according to Jokovic. Chi-X is also ...

Portfolio manager departs LIC

KANIKA SOOD  |  TUESDAY, 15 OCT 2019
One of Australia's oldest global shares LICs is bidding farewell to its portfolio manager who is leaving the manager after 19 years to pursue other opportunities. Franklin Templeton announced Peter Wilmshurst's departure from the company earlier this ...

mFunds crack $1 billion, PIMCO dominates

KANIKA SOOD  |  FRIDAY, 11 OCT 2019
... Exchange traded products sat at almost $56 billion at September end, after crossing the $50 billion mark two months ago. LICs have $48 billion, A-REITS have $149 billion while infrastructure funds have $88 billion.

Discounted LIC fund opens to all

HARRISON WORLEY  |  WEDNESDAY, 4 SEP 2019
... Affluence chief executive Daryl Wilson, a lack of research and fewer institutional investors active in the market ensure LICs trade at large discounts to net tangible assets. "Most investors concentrate their holdings in a few of the largest LIC's," ...

State Street loses biggest ETF title

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
... million and $9.7 million of new money come into the ETFs. Exchange traded products stood at $53 billion at July end while LICs stood at $347.5 billion.

Pinnacle profits up 32%

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
... as $2.9 from retail investors and the remaining from institutional investors. Pinnacle has made a push into listed funds (LICs, LITs and recently ETFs) which accounted for almost a third of retail inflows of the year $2.9 billion. Majority of net institutional ...

PM Capital LICs add director

JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2019
... Andrew McGill who has indicated a likely desire to resign from the board following the issuing of financial results for the LICs.

Editor's Choice

Early release of super scammers cop prison time

KARREN VERGARA
Three people will go to prison after pleading guilty to defrauding the COVID-19 early release of superannuation scheme for $103,500.

Super funds slash external mandates by 54%

KARREN VERGARA
The number of investment managers winning institutional mandates has tanked 54% in less than two years as superannuation funds ramp up the in-house management of assets, Rainmaker Information research reveals.

ASIC tells super funds to 'step it up'

ELIZA BAVIN
ASIC commissioner Simone Constant delivered a stern warning to super fund trustees.

Brookfield bids for majority stake in Neoen

ANDREW MCKEAN
Brookfield and its institutional partners have lobbed a bid to acquire a 53% majority stake in French renewable energy company Neoen.

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