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Plenty still want in on ETPs: Research

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
Despite the market volatility wrought by COVID-19, money flowed into exchange traded products in March. The ASX's latest ETP data shows that even as the market was losing money, cash was flowing in. Rainmaker analysis shows the Australian ETP market ...

ClearView promotes resilience

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
... responses should the COVID-19 pandemic have a more sustained impact on the firm over the next two years, with expense reductions not out of the question. In a document filed with the ASX this week, ClearView said it had assessed a range of stress test ...

Wall Street surges as Sanders drops out, Wuhan reopens

ALLY SELBY  |  THURSDAY, 9 APR 2020
... "Australia (-27.5%) continues to struggle to lift despite very low case numbers, central bank QE and zero interest rate policy, not to mention one of the largest fiscal responses amongst all nations (which could cost us our AAA sovereign rating)," he ...

Hostplus responds to PDS controversy

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
Hostplus has responded to a series of reports suggesting the fund does not have ample liquidity to handle the government's plan to allow people to access their super early and claims it updated its PDS in preparation for mass redemptions. As part of ...

Chief economist update: Credit ratings downgrades versus fiscal salvation

BENJAMIN ONG  |  THURSDAY, 9 APR 2020
... of emergency in the country on April 7. Then again, as Al Jazeera reports: "The type of lockdown seen in other countries is not possible because the government's powers to control the population are restricted by the constitution, which was effectively ...

Wall Street rally runs out of steam

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
... distancing laws wouldn't be easing anytime soon. "This is an enemy we have underestimated since day one," he said. "This is not the time to be lax. We need to #StayHome and stay properly distanced." The number of deaths from the virus in the city ...

COVID-19 to push life premiums up: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... "So far, insurers have strong messaging reassuring the community that any existing cover that has pandemic exclusions will not have them applied," the firm said. "It may be more difficult to promise no pandemic exclusions on new cover given the potential ...

1.5 metres to trigger real estate downfall

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
... on REITs, Principal portfolio manager Janine Yoong said. "We are all finding ourselves in a situation that's definitely not business as usual," she said. "The market is pricing in the impact of social distancing. Real estate, as a place of congregation ...

Taxman simplifies work from home deductions

KANIKA SOOD  |  WEDNESDAY, 8 APR 2020
... arrangements in line with COVID-19 developments to see if they are required for the next financial year. "These new arrangements do not prohibit Australians from making a standard working from home claim using the two standard approaches should they ...

Big banks cop a beating

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
The big four banks have all suffered a rating downgrade due to the COVID-19 fallout, while APRA warns they should cut dividends and bonuses. Fitch Ratings downgraded all four of the major banks, and their New Zealand subsidiaries, due to its expectation ...