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Showing 801 - 810 of 4503 results for "Case"

BlackRock implements ETF stock split

CASSANDRA BALDINI  |  WEDNESDAY, 7 DEC 2022
... a lower unit price, with no impact to the overall market value of their investments. For example, BlackRock said: "In the case of IVV, assuming the ETF had a pre-split price of $600 and an investor held 10 units in the fund, the investor would hold 150 ...

Global X launches uranium ETF

CHLOE WALKER  |  WEDNESDAY, 7 DEC 2022
... coming decades, with projections anticipating a 17% rise from current levels by 2035 and another 71.5% by 2050, he said. "The case for uranium is perhaps the strongest it's been in a decade, and this is where we see the investment appeal for Australian ...

ASIC launches civil action against American Express

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
ASIC has commenced the first ever court case in relation to alleged breaches of design and distribution obligations (DDO). The case concerns two credit cards issued by American Express (Amex) that were co-branded with retailer David Jones (the credit ...

DASS clients pushed to accept paltry recoupment

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
... proceeds than a liquidation scenario," the administrators said. The average investor claim is $79,880 which means that the best-case average return to creditors would be $3048 and the worst $86. Directors attributed the company's failure to the Australian ...

ASIC case against Commonwealth Bank dismissed

CASSANDRA BALDINI  |  WEDNESDAY, 30 NOV 2022
... covered by its licence were provided efficiently, honestly and fairly. ASIC deputy chair Sarah Court said: "ASIC pursued this case because we believed CBA did not have robust compliance systems to ensure customers were being correctly charged." "ASIC ...

Six local funds in world's top 100: Study

JAMIE WILLIAMSON  |  WEDNESDAY, 30 NOV 2022
There are six Australian entities in the top 100 asset owners by size, according to Willis Towers Watson's Thinking Ahead Institute. According to new research, total assets held by the globe's 100 largest owners is up 9% since the end of 2021 to US$26 ...

Pension fund buys up iconic Aussie vineyards

CHLOE WALKER  |  TUESDAY, 29 NOV 2022
A major Canadian pension fund has acquired 35 vineyards from Australia's largest family-owned wine company, Casella. Through its subsidiary Southern Premium Vineyards (SPV), the Canadian pension fund manager Public Sector Pension Investments (PSP) owns ...

Code of Ethics must be fixed: Phil Anderson

CASSANDRA BALDINI  |  MONDAY, 28 NOV 2022
... said the Code of Ethics for financial advisers was not backed by industry during its 2019 implementation and remains the case now. The Code of Ethics, developed by the now dissolved Financial Adviser Standards and Ethics Authority (FASEA), remains a ...

Advising through disability implications

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
... well and it will be a smooth process." But things do go wrong during claims administration, with Johns saying this is the case about 70% of the time. "You are most often handling insurance claims that aren't underwritten. We do get a lot of people ...

'Our fears were warranted': Chant West proposes YFYS alternative

ANDREW MCKEAN  |  THURSDAY, 24 NOV 2022
Chant West says the dire consequences of failing the Your Future, Your Super (YFYS) performance test is outweighing the rewards for passing, causing some funds to make passing the test their primary investment focus. "We are seeing clear evidence of ...