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Showing 811 - 820 of 4498 results for "Reach"

ETF industry poised for growth: BetaShares

ANDREW MCKEAN  |  THURSDAY, 12 JAN 2023
The ETF industry continued to attract new investor funds, even as asset values declined in 2022, a BetaShares Australian ETF review said. The Australian ETF industry had $13.5 billion of net inflows in 2022. In contrast, Australian managed funds had ...

Don't call it a comeback: APRA on IDII

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
There may well be a light at the end of the individual disability income insurance (IDII) tunnel, but there's still a way to travel before the end is reached, according to APRA. Analysis of data to September 2022 shows IDII enjoyed a run of favourable ...

Managed accounts dominated by SMAs

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
According to Rainmaker data, separately managed accounts' (SMA) footprint in the managed account sector has risen dramatically in two years. SMAs funds under advice (FUA) in the past two years increased 151%. Meanwhile, managed discretionary accounts ...

Westpac settles BT Super class action

CASSANDRA BALDINI  |  MONDAY, 19 DEC 2022
Westpac has reached a $29.95 million settlement in a class action relating to the bank's subsidiaries, BT Funds Management Limited and Westpac Life Insurance Services Limited. Tens of thousands of Australians may receive compensation following the ...

Apex Group wins fund services mandate

CASSANDRA BALDINI  |  THURSDAY, 15 DEC 2022
... efficiency of contracting with a single, local team in Australia is important to the investment manager. "Apex Group's global reach and cross-jurisdictional experience offers the ability to support our business needs in Australia in a scalable manner ...

Apollo increases Challenger stake

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... class of voting stock. Meanwhile, in May, Challenger announced that it's restructuring as part of a broader strategy to reach more customers. Challenger created a new customer division that comprises all customer functions for the group and as part of ...

ASIC hands out more interim stop orders

CHLOE WALKER  |  MONDAY, 5 DEC 2022
... having regard to the risks and features of their products," ASIC said. "Issuers also need to consider how their product will reach the target market and have appropriate distribution conditions in place to ensure the product is directed towards the target ...

Super funds complete mergers

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
... transfer deed hoping to merge by November 30. At the time, Mercy Super chief executive Wendy Tancred said: "We are delighted to reach this milestone confirming our selection of HESTA as the best strategic fit for our members, ensuring a strong and sustainable ...

Household Capital acquires Pension Boost

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
... to meet their retirement funding needs. "The acquisition expands Household Capital's proposition, widens its market reach and is consistent with our strategy to be the most trusted provider in the Australian home equity release market," he said. ...

North adds new managed portfolio capability

CASSANDRA BALDINI  |  FRIDAY, 2 DEC 2022
... added another 28 managed funds and eight ETFs to its investment menu. Managed portfolios across the industry are expected to reach $200 billion in AUM by 2024, with more than 50% of advisers now using them. Russell Investments Australia head of adviser ...