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Showing 751 - 760 of 6259 results for "Cash"

HUB24 profits surge 64%

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... buy-back program on September 11 with shares to be bought back over a 12-month period. The buy-back will be funded from existing cash reserves and the current intention, it said, is that the maximum value of shares bought back will be approximately $50 ...

Platform comparison fintech launches

KARREN VERGARA  |  TUESDAY, 22 AUG 2023
... client. Other than admin fees, we look at transaction fees, holding fees of different types of assets, interest earned on cash, and family linking benefits," Peker said. SuitabilityHub is currently linked to the major platforms and boutique providers. ...

ASX profits hit by CHESS setbacks, acts on review findings

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
... challenges. Due to these findings, the project was paused, leading to the derecognition of all CHESS capitalised costs. This non-cash derecognition and related project wind-down costs amounted to a pre-tax loss of $251.9 million ($176.3 million post-tax). ...

ASIC proposes five-year extension to DDO

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
ASIC has proposed a five-year extension to the design and distribution obligations (DDO), the instrument for which was originally set for a two-year period. DDO was introduced following a recommendation from the 2019 Financial System Inquiry to compel ...

Fund manager injects $28m in Stockspot

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
... robo-adviser. Stockspot currently manages more than $650 million on behalf of 13,000 clients. The latest funding follows a $3 million cash injection from a group of investors that included Alium Capital and H2 Ventures and led by ETF Securities founder ...

Franklin Templeton launches alternatives fund in Australia

CASSANDRA BALDINI  |  TUESDAY, 15 AUG 2023
... equities, fixed income, and currencies. The underlying strategy was launched in 2021. Franklin Templeton said, given the cash-rich nature of the portfolio, the fund is also well positioned to take advantage of the tailwinds from a higher interest rate ...

ASX-listed firms partner for financial education

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
TIP Group and Clime Investment Management have joined forces to provide a financial education program that utilises the expertise of financial advisers. The two ASX-listed firms launched My Financial Fitness, which provides subscribers with online content ...

Australian Ethical unveils new moderate fund

CHLOE WALKER  |  FRIDAY, 11 AUG 2023
... real grassroots impacts from a financial perspective." As a further benefit, Woods said these types of assets tend to pay cash plus returns. "Cash is paying at a reasonable return; we haven't seen these levels in over a decade," he said. "We're finding ...

High rates impacting REITs: Quay

CHLOE WALKER  |  FRIDAY, 11 AUG 2023
Expectations of a global recession caused by an unprecedented interest rate increase has seen sentiment towards listed global real estate soar, according to Quay Global Investors (Quay) principal and portfolio manager Justin Blaess. While the listed ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... cost, the cost of debt, which is borne by the budget," said Burshtein. Using the Reserve Bank of Australia's official cash rate of 4.1%, Burshtein said the fund would need to generate 4.1% returns after costs to just break even. "... and to break ...