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Showing 701 - 710 of 5344 results for "War"

Magellan FUM continues backwards slide

CHLOE WALKER  |  WEDNESDAY, 5 APR 2023
Magellan Financial Group has taken yet another hit to its funds under management, falling $2.2 billion to $43.2 billion during the month of March. Magellan saw net outflows of $3.9 billion, which included net retail outflows of $0.5 billion and net ...

RBA steadies cash rate, flags more hikes

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
As the Reserve Bank of Australia (RBA) kept the cash rate at 3.60% in April, most economists warn Australians not to rule out further increases throughout the year. Mortgage holders breathed a sigh of relief yesterday afternoon when RBA governor Philip ...

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
A Retail Market Conduct Task Force report, issued by IOSCO, has revealed a series of escalating threats to retail investors. The findings will shape ASIC's strategic priorities concerning retail investor harm, focusing on crypto assets, sustainable ...

Portfolio resistance is key: VanEck

CASSANDRA BALDINI  |  THURSDAY, 30 MAR 2023
Investors will likely benefit from considering newer levers to evolve their portfolios, including more defensive strategies while being selective, and look to Future Fund for inspiration. In an address on Tuesday, VanEck's head of investments and capital ...

Outflows, M&A batter active managers

KARREN VERGARA  |  THURSDAY, 30 MAR 2023
Rampant mergers and acquisitions, eye-watering redemptions and product closures over the last three years put to question if active fund managers are still fit for purpose. Rainmaker modelling shows that between 2020 and this month, more than 120 listed ...

Objective will not achieve any real purpose: IFPA

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
The Institute of Financial Professionals Australia (IFPA) has bucked the trend, rejecting the proposal to legislate an objective of superannuation. The IFPA said it supports consistency in future policy making around superannuation, which should be ...

Retail super fund pulls the plug

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
Following a series of successor fund transfers, the Aracon Superannuation Fund is set to be wound up. Spread across four divisions - ARA Retirement Fund, Xplore Super and Pension, Oracle Superannuation Plan, and Elevate Super - Aracon Super holds $590 ...

We need to be ready: APRA

CASSANDRA BALDINI  |  WEDNESDAY, 29 MAR 2023
APRA is looking to further safeguard Australia's banking system following recent global events, warning economic ripple effects can still be felt across the pond. In an address on Tuesday, APRA chair John Lonsdale said no matter how resilient the ...

US regulator sues crypto giant, chief executive

CASSANDRA BALDINI  |  TUESDAY, 28 MAR 2023
Binance and its chief executive Changpeng Zhao have been charged by the Commodity Futures Trading Commission (CFTC) following claims of "willful evasion of US law." The CFTC announced it filed a civil enforcement action in the US District Court against ...

It's not 2008, but there's likely more pain ahead: Iggo

CHLOE WALKER  |  TUESDAY, 28 MAR 2023
While it's not quite a repeat of the Global Financial Crisis, AXA IM's Chris Iggo has warned there may be more problems ahead as investors reconsider their holdings in banks and related assets. AXA IM's chief investment officer said the risk is also ...