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Showing 8191 - 8200 of 22801 results for "Funds"

Super funds cut exposures to banks

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
Not-for-profit superannuation funds have an average of 3% less exposure to bank stocks in their equities portfolios than last year, according to recent Rainmaker research. These funds still have a large exposure to bank stocks, owning about $30 billion ...

Legal woes continue for super fund

JAMIE WILLIAMSON  |  WEDNESDAY, 3 OCT 2018
... climate risks and comply with the Task Force on Climate-related Financial Disclosures. As APRA is the regulator of super funds, McVeigh's new claim quotes a speech delivered by APRA executive board member Geoff Summerhayes in 2017 in which he said ...

IOOF completes ANZ dealer group acquisitions

HARRISON WORLEY  |  TUESDAY, 2 OCT 2018
... year. At the time, IOOF said the acquisitions would position it to be the second largest advice business in Australia by funds under advice and adviser numbers. Commenting at the time, IOOF managing director Christopher Kelaher said: "We have a proven ...

Fidelity cuts management fees

KANIKA SOOD  |  TUESDAY, 2 OCT 2018
Fidelity international has dropped the management fee on two of its funds. Fidelity's Global Emerging Markets fund and Global Equities Fund will charge a management fee of 0.99%. This reduces fees by 0.31% for the global emerging markets fund and 0.16% ...

StatePlus general manager departs

JAMIE WILLIAMSON  |  TUESDAY, 2 OCT 2018
... StatePlus is currently undertaking a remediation process for clients invested in its Allocated Pension Fund, Investment Funds - Class A, Fixed Term Pension Plan, Personal Retirement Plan and Term Allocated Pension Fund. Clients in these products pay ...

Industry fund members more satisfied

KARREN VERGARA  |  TUESDAY, 2 OCT 2018
... members. This is according to a survey of 50,000 participants conducted Roy Morgan, which pitted industry and not-for-profit funds against retail funds. In the 12 months to August, industry funds gained a 3.9% satisfaction point increase. Retail funds ...

BlackRock outlines ETF plans for Australia

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
... the market so far this year. Fellow top-10 ETF issuer BetaShares joined forces with Legg Mason to launch actively managed funds. Yet, the take up of active ETFs has been slow. In the 13 years since the first actively managed ETF started trading on the ...

Macquarie chiefs embroiled in German investigation

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... German authorities are investigating Macquarie Bank's alleged role in lending capital to a group of "independent" investment funds. The funds were trading shares around the dividend payment dates, strategy in which investors could obtain the benefits ...

Blue Sky refunds $4.1m overcharge

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... estate and private equity fund. The fees, Blue Sky said, were charged in an "inconsistent" manner to what was stated in the funds' disclosure statements and were in excess of capped annual admin expenses. Blue Sky told the ASX it was in the process of ...

RBNZ on ice into 2020

BENJAMIN ONG  |  FRIDAY, 28 SEP 2018
... policy decisions of their respective central banks on the same day - 26 September. The US Federal Reserve raised the fed funds rate by 25 bps to 2.0%-2.25% on the day, the dot plots indicated that there'll be three more 25 bps lift next year and ...