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Showing 741 - 750 of 1941 results for "SAFE"

Chief economist update: Japan reopens for business

BENJAMIN ONG  |  TUESDAY, 26 MAY 2020
... distancing rules and lockdown restrictions in other nations - and some semblance of financial market stability -- have reduced safe-haven buying in the yen. The Japanese currency has depreciated by 5.2% versus the US dollar to ¥107.65 from this year's ...

Chief economist update: Hong Kong is ours

BENJAMIN ONG  |  MONDAY, 25 MAY 2020
The COVID-19 pandemic was both a curse and a blessing (for lack of a better word) for China's Politburo. Social restrictions and lockdowns imposed by the powers-that-be to contain the virus sent the economy plunging 6.8% in the year to the March ...

New ETFs see success as UBS suspends funds

ALLY SELBY  |  FRIDAY, 22 MAY 2020
... of multi-asset portfolios." During the early stages of the pandemic, investors rushed to ETFs with exposure to traditional safe havens - like precious metals, gold, and broad-based market ETFs, Walesby said. However, more recently investors had shifted ...

Fund managers adapt to market pain

KANIKA SOOD  |  THURSDAY, 21 MAY 2020
... beating their benchmarks in the best performance of all asset classes that SPIVA looked at. "Fixed income securities are safe-haven investment during equity market crisis and corrections, though Australian bond funds tended to underperform benchmark ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
ASIC has announced it has secured $160 million in remediation for consumers sold junk credit insurance from 11 major banks and lenders between 2011 and 2018. These include offerings from ANZ, Australian Central Credit Union, Bank of Queensland, Bendigo ...

South Australian wealth firms merge

KANIKA SOOD  |  WEDNESDAY, 13 MAY 2020
An Adelaide wealth advisory and accounting practice has acquired a private wealth firm that was named the Financial Planning Association of Australia's Professional Practice of the Year in 2018. Perks is expanding its Perks Private Wealth business after ...

Investors pile into companies on life support

ALLY SELBY  |  TUESDAY, 12 MAY 2020
News that the Australian economy may be opening sooner than previously thought saw the S&P/ASX 200 surge on Monday, with investors buying into heavily sold-off sectors. Today, markets have dropped on fears of a second wave, with news of fresh cases ...

ERS paused as AFP investigates fraud

ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
... of an abundance of caution for every single taxpayer, that their information, that we can help them keep their information safe so they are not subject to these sorts of attacks or these sorts of attempted fraud." Sukkar said the pause is to allow the ...

Darwinian time for super

HARRISON WORLEY  |  THURSDAY, 7 MAY 2020
... lead Anthony Forbes said COVID-19 will be the shove that forces some superannuation funds to merge, while others thought safe prior to the pandemic will also be left pondering consolidation. Forbes said there are certain funds that are going to be hit ...

Early release applications top $9bn

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... applications, 4440, have been flagged for extra verification as part of the processes we have in place to keep members' money safe from fraud and money laundering," Rest chief executive Vicki Doyle. "These applications will likely extend beyond the ...