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Showing 751 - 760 of 9739 results for "Major"

Global X set to launch an Australian Bank Credit ETF

ANDREW MCKEAN  |  THURSDAY, 11 JUL 2024
Global X will launch an Australian Bank Credit ETF (ASX: BANK) later this month, affording investors exposure to credit in the local banking sector. The ETF will track the performance of the Solactive Australian Bank Credit Index and will be Australia's ...

Fiji National Provident Fund hunts active fund managers

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
... FNPF is the country's superannuation fund, a defined contribution scheme, established more than 50 years ago. FNPF is a major investor in the country. Its portfolio includes Amalgamated Telecom Holdings, Vodafone Fiji, and HFC BANK. It is the owner of ...

Inflation pummels adviser pay by 20%

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
... further increase may not be acceptable to the client market." A survey from BT found that running a profitable business is a major worry for advisers. About one third (34%) of advisers said cost base increases and pressure to make a profit were challenges. ...

Spaceship returns 19.41% to super members

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
Spaceship's superannuation offerings have delivered some of the best results seen so far, with its flagship product returning almost 20% while the other achieved close to 17%. The GrowthX investment option, first launched in January 2017, returned 19.41% ...

Regulation, profitability top adviser worries: BT

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
The heavy hand of the law and cost to run a profitable business are the two major worries of financial advisers, a new BT survey shows. Compliance burdens and constant legislative change are keeping financial advisers awake at night as 38% cited regulation ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
ASIC's regulation activity for the 2024 financial year is expected to slug financial advisers $48.39 million collectively as the annual levy does not appear to be reducing. Licensees that provide personal advice to retail clients on relevant financial ...

Global outfit acquires Vasco Trustees

JAMIE WILLIAMSON  |  MONDAY, 8 JUL 2024
Vasco Trustees is to be bought by diversified financial services group TMF Group. Melbourne-based Vasco Trustees has been acquired by the group, which boasts more than 125 offices across 87 jurisdictions, offering employee, financial and legal administration ...

HMC Capital announces new $50m investment

ELIZA BAVIN  |  MONDAY, 8 JUL 2024
HMC Capital has announced a strategic investment in Stor-Energy, a specialist developer, owner, and operator of utility-scale battery energy storage systems (BESS). This represents the first investment by HMC's Energy Transition platform which is seeking ...

ANZ, Blackstone launch HNWI fund

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... a doubling of our allocation to alternative assets." "In the decade ahead, we expect global markets to be transformed by major structural themes including disruptive technology, global demographics, and the green energy transition. We believe hedge funds ...

Retirement Income Covenant still weak: APRA, ASIC

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... income strategy obligations, citing financial advice regulation uncertainty, costs, and the lack of member engagement as major barriers. This is according to joint oversight by ASIC and APRA, which surveyed 48 trustees who conceded that they have only ...