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Showing 761 - 770 of 11410 results for "Rate"

World's largest pension fund returns 22.67%

ANDREW MCKEAN  |  MONDAY, 8 JUL 2024
... experienced the highest net inflows, whereas domestic equities saw outflows. Since fiscal 2003, GPIF has maintained an annual rate of return of 4.36%.

Adviser exam yields 70% pass rate

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
The latest financial adviser exam results show that 70% passed the June sitting. Some 235 candidates sat the exam, with 165 passing. Of the total, 158 did so for the first time. There has been a total of 21,260 candidates who sat through an exam. Over ...

MLC MySuper option returns 9.8%

ANDREW MCKEAN  |  FRIDAY, 5 JUL 2024
... respectively. MLC Asset Management head of diversified portfolios Steve Gamerov said the return is well above the inflation rate for the year, indicating growth in the real value of balances for members fully invested in the fund. Gamerov said that the ...

ANZ, Blackstone launch HNWI fund

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... fund, which is a Cayman Islands-exempted limited partnership. The fund aims to achieve returns above the Australian RBA Cash Rate Target Index + 400bps over a rolling five-year period. ANZ Private chief investment officer Lakshman Anantakrishnan said ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... misconduct, and recommended it be legislated that ASIC or future authorities investigate such reports "at an appropriate rate." Evidence to the committee suggests just 1% if misconduct reports are investigated each year, the report states. The committee ...

Colonial First State reports strong super returns

ANDREW MCKEAN  |  THURSDAY, 4 JUL 2024
Colonial First State (CFS) has posted double digit returns for its MySuper balanced and growth funds during FY24. CFS's FirstChoice Employer Super balanced fund (MySuper Lifestage 1965-69) achieved a 12.1% return, while its FirstChoice Employer Super ...

RBA minutes confirm potential August rate hike

ELIZA BAVIN  |  WEDNESDAY, 3 JUL 2024
... time. Commonwealth Bank senior economist Belinda Allen said the RBA will be relying on upcoming data to determine whether a rate hike will be necessary in August. "The runway is shortening for our central scenario of a November easing, we too are watching ...

Rest's MySuper option returns 8.67% in FY24

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
Rest's core strategy default MySuper investment option, where most of its two million members are invested, delivered a one-year return of 8.67% over the last financial year. This exceeds its long-term average annual return of 8.29% since July 1988. ...

HESTA returns 9.1% to members

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
HESTA's default MySuper balanced growth option has returned 9.1% over the last financial year. The option has averaged an annual return of 7.62% over the past 10 years. HESTA chief executive Debby Blakey said that despite ongoing uncertainty in financial ...

Corporate borrowing hits all-time high despite interest rates

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
The world's largest listed companies took on US$378 billion of net new debt last financial year, driving corporate debt to an unprecedented US$8.18 trillion, according to Janus Henderson's latest corporate debt index. While significant, the increase ...