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Showing 7621 - 7630 of 29079 results for "PRI"

ERS applications slow

ELIZA BAVIN  |  MONDAY, 24 AUG 2020
Over $31.6 billion has been removed from superannuation since the start of the Early Release of Superannuation (ERS) scheme, but applications appear to be slowing down. In the week to August 16, around $600 million was paid out to members, down from ...

VanEck to launch four new ETFs

ALLY SELBY  |  MONDAY, 24 AUG 2020
VanEck is set to launch four new ETFs, capitalising on innovation in healthcare and major worldwide trends such as eSports. These include a Video Gaming and eSports ETF (ESPO), Global Healthcare Leaders ETF (HLTH), Morningstar World ex-Australia Wide ...

Cromwell sells SA asset at premium

ALLY SELBY  |  MONDAY, 24 AUG 2020
Cromwell Funds Management has sold a refrigerated distribution facility in South Australia for $63.05 million; an 18.96% premium to the asset's book value. Cromwell has sold Rand Distribution Centre on behalf of its owner, Cromwell Property Trust (C12) ...

Chief economist update: Gone fishing

BENJAMIN ONG  |  MONDAY, 24 AUG 2020
"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime." Reserve Bank of Australia (RBA) governor Philip Lowe didn't exactly quote this proverb when he testified before the House of Representatives Standing ...

AMP hires risk lead

ELIZABETH MCARTHUR  |  FRIDAY, 21 AUG 2020
AMP has appointed a head of risk, superannuation, retirement and platforms. Justine Gorman will step into the role, joining AMP from National Australia Bank where she was head of risk, wealth transformation program. Gorman spent approximately two and ...

Dividend cuts not as bad as expected

KANIKA SOOD  |  FRIDAY, 21 AUG 2020
Most people expected dividends to fall by 30% this year, but company payouts this earnings season have been decent, says Ausbil. Ausbil's Michael Price, who manages its active dividend income fund, said in general, the firm has been pleasantly surprised ...

Westpac offloads vendor finance business

ALLY SELBY  |  FRIDAY, 21 AUG 2020
Westpac has sold its vendor finance business to a New York-headquartered private equity firm, in the first sale from the bank's strategic review stable. Cerberus Capital Management has acquired Westpac's Strategic Alliances, with the equipment ...

Retail investors surpass one million

ALLY SELBY  |  FRIDAY, 21 AUG 2020
The retail investor population has surged 41% since the beginning of the year, with now more than one million punters trying to profit from recent market volatility. In Investment Trends 2020 1H Online Investing Report, the research house found the ...

Suncorp wealth business down

ELIZA BAVIN  |  FRIDAY, 21 AUG 2020
Suncorp has reported an 8% drop in funds under administration for its wealth business, as it posted a 6.8% fall in ongoing operations for FY20 as a result of COVID-19. Suncorp has been battered by extreme weather events, high reinsurance costs and low ...

Northern Trust launches ESG capability

ALLY SELBY  |  FRIDAY, 21 AUG 2020
Global custodian Northern Trust announced it has redeveloped its environmental, social and governance analytics capabilities to now include key environmental data categories. Northern Trust's clients, many of which are asset owners such as pension and ...