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Showing 821 - 830 of 8235 results for "June"

Three actively managed funds shutter

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
... Systematic Growth Fund, which invests in up to 110 local equities, is shuttering after 14 years. It returned 11.6% in the year to June 2023 and aimed to beat the S&P/ASX 300 Accumulation Index. Total returns since inception stood at 7.9% as at September. ...

Renato Mota to leave Insignia Financial

JAMIE WILLIAMSON  |  FRIDAY, 20 OCT 2023
... management, before taking on the top job in an acting capacity following the fallout from the Royal Commission in 2018. In June 2019 Mota was officially named chief executive and managing director of the group. Since, the group completed two major acquisitions ...

Cbus appoints new head of infrastructure

ANDREW MCKEAN  |  THURSDAY, 19 OCT 2023
... continuation of its successful previous five-year strategy, which expanded internal asset management from 9% to 38% as of June 2022 and resulted in $512 million in total investment fee savings. "It's an exciting time at Cbus following the release ...

Interest rates, liquidity top of mind for Future Fund

KARREN VERGARA  |  THURSDAY, 19 OCT 2023
... kinds of levels," she said. The fund held some 30.4% in equities, of which 21.8% was in global equities at the end of the June financial year. Between FY22 and FY23, the fund increased its allocation to equities from 28.5% and dialled down weightings ...

AIA restructures retail insurance unit

CASSANDRA BALDINI  |  WEDNESDAY, 18 OCT 2023
... health, and wellbeing guidance. Life insurance profits in Australia have surged to $1.2 billion, doubling in the year to June 30, primarily due to growth in superannuation business, as reported in KPMG's annual market review.

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
Life insurance profits in Australia have soared to $1.2 billion, doubling in the year to 30 June 2023, primarily due to gains in superannuation business, according to KPMG's annual market review. Risk products recorded a $400 million profit in FY23 ...

Magellan mulls converting closed-end fund

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
... Magellan's board said. Magellan Global Fund has two-unit classes - the open-end MGOC trading on the ASX and MGF. At the end of June, the fund had total net assets of $9.8 billion comprising $7 billion in MGOC and $2.8 billion in MGF. Microsoft, Amazon ...

legalsuper appoints finance chief

ELIZABETH FRY  |  MONDAY, 16 OCT 2023
... balanced option, where the majority of the fund's members are invested, recorded a solid return of 7.92% for the year to 30 June 2023 - delivering a top-quartile performance when measured over the past two years combined.

Selfwealth ditches Stake takeover bid

KARREN VERGARA  |  MONDAY, 16 OCT 2023
... profit in FY2023, the board believes Selfwealth is in a solid financial position with $12.4 million of net cash as of 30 June 2023 and the company has meaningful growth opportunities." The platform reported revenues of $29.4 million and $92,430 in net ...

Industrials company launches asset management arm

ANDREW MCKEAN  |  FRIDAY, 13 OCT 2023
... funds." In an ASX announcement last month, Vysarn revealed that it generated $64.96 million in revenue for the 12 months to June 30, an increase of $18.66 million compared to the same period last year. The company also reported a net profit before tax ...