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Showing 701 - 710 of 7219 results for "Record"

New Zealand exits recession

KARREN VERGARA  |  MONDAY, 24 JUN 2024
New Zealand reported 0.2% GDP growth in the March quarter following two consecutive quarters of decline, putting to bed its technical recession for the meantime. The economy was buoyed by electricity, gas, water, and waste services; rental, hiring ...

Global X cuts management fees

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
... cryptocurrency in their portfolios." The fess reduction comes after the company confirmed last month that EBTC had surpassed a record high of $118 million in assets under management. "Amid an exciting period for cryptocurrency, we're seeing robust inflows ...

Australia's competitiveness climbs world rankings

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
Stronger business and government investment, population growth and budget positions have seen Australia record its best international competitiveness ranking since 2011. The nation rose from 19th to 13th in the IMD World Competitiveness Yearbook 2024 ...

Betashares captures most net flows in managed funds industry

ANDREW MCKEAN  |  TUESDAY, 18 JUN 2024
Betashares has commandeered the top spot for net flows among all investment managers in the managed funds industry. The local fund manager, which yesterday received a $300 million injection from Singaporean conglomerate Temasek, amassed $5.3 billion ...

Most advisers satisfied with success: Research

KARREN VERGARA  |  TUESDAY, 18 JUN 2024
Most financial advisers are happy with the success and profitability of their businesses, rating their satisfaction 3.6 out of five, new research shows. The 171 advice practices canvassed by Elixir Consulting and Colonial First State recorded earnings ...

TAL appoints new chief executive

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
... Fiona Macgregor is an impressive leader with more than ten years in senior leadership roles at TAL. She has a strong track record of leadership in the business and has helped to grow and shape TAL," TAL chair Mark Joiner said. "Fiona knows our business ...

Will ASIC use AI for advice compliance monitoring?

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
... advisers are now using natural language AI in their day-to-day operations. Within the advice process, AI can also be used to record minutes of meetings and in the creation of fact find information and file notes," he said. Esler said that important considerations ...

US looks towards rate cuts, Australia lags behind

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... "Additionally, high wages growth in both public and private sectors show no significant sign of easing, as unemployment hovers near record lows. The stage 3 tax cuts that are rolling out in a couple of weeks are also the equivalent of two to three rate ...

BlackRock launches new government bond ETF

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... lower term rates," Stats said. "ALTB offers exposure to a portfolio of long-duration AAA-rated bonds, which have a track record of performing well when there's an anticipation of falling Australian interest rates. With a yield between 4.5-5% so far ...

Advice reforms draft laws consultation opens

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... remove the requirements for advisers to provide Fee Disclosure Statements as part of an ongoing fee arrangement, update record keeping obligations for new consent requirements, and remove references to civil penalties related to a fee recipient's failure ...