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Showing 761 - 770 of 4056 results for "LIT"

BT changes adviser fee structure

ELIZA BAVIN  |  TUESDAY, 3 NOV 2020
BT Index Funds will be ceasing ongoing adviser fees (OAFs) and introducing a new feature to facilitate one-off advice fees. BT said from 1 December 2020 it will introduce a new feature that will allow investors and their financial advisers to agree ...

Rest climate case dismissed

ELIZABETH MCARTHUR  |  MONDAY, 2 NOV 2020
The Federal Court case brought by Mark McVeigh against the $57 billion industry super fund has been dismissed. The case was scheduled to be heard today but Justice Perram ordered that by consent the case was to be dismissed. McVeigh and Rest have been ...

GSFM sizes up ETFs with Munro launch

KANIKA SOOD  |  MONDAY, 2 NOV 2020
The Sydney multi-boutique is dipping its toes into active ETFs, with the first being a long/short fund from Munro Global Partners. The Munro Global Growth Fund (Hedge Fund) started trading on the ASX today with the ticker MAET. The active ETF will invest ...

Wages will not rise from SG cut: ISA

ELIZA BAVIN  |  FRIDAY, 30 OCT 2020
Industry Super Australia has hit out at arguments that wages will increase if the planned superannuation guarantee rise is delayed. ISA said the evidence that ditching the SG rise will not help wages can be seen from the last time it was cut in 2014. ...

Ares bids for AMP

ELIZA BAVIN  |  FRIDAY, 30 OCT 2020
AMP has confirmed Ares Management has made an offer to takeover 100% of AMP shares. AMP announced to the ASX that it has received an indicative, non-binding, conditional proposal from US-based Ares Management. The offer is to acquire 100% of the shares ...

Evans and Partners looks to delist LITs

KANIKA SOOD  |  THURSDAY, 29 OCT 2020
... will continue to charge 1.35% plus 10% of excess return each year. Today's announcements come after a late-August review of LIT structure at Evans & Dixon. As at September end, the firm had four LITs trading on the ASX, with a combined market cap of ...

Magellan's largest client asked to review costs

KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
An activist shareholder is asking for a cost review at Magellan's biggest client, St James Place. But the risk to Magellan is low, says Credit Suisse. The UK wealth manager has been using Magellan's strategies since 2011 and was its first overseas client. ...

Chief economist update: The recession is over

BENJAMIN ONG  |  WEDNESDAY, 28 OCT 2020
The Australian recession is over! This was what Reserve Bank of Australia deputy governor Guy Debelle implicitly told a Senate Estimates virtual hearing when he said :"At the moment it looks like the September quarter for the country probably recorded ...

Gender doesn't influence company returns: Research

ELIZA BAVIN  |  MONDAY, 26 OCT 2020
Analysis of ASX 300 companies since 2005 has shown a 33.1% rise in women filling non-executive director (NED) roles has had no influence on company returns. The Ownership Matters (OM) study examined the total shareholder return for each company, during ...

Magellan chief backs health startup

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
When it comes to investing his own money, Magellan's chief executive Brett Cairns likes to go back to his roots in science. Cairns was paid $1.5 million in FY20, not including variable remuneration of $772,500, which he was eligible for but waived. ...