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Showing 8391 - 8400 of 29084 results for "PRI"

ClearView rated stable

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
In its first ever Fitch rating, ClearView Wealth has been declared stable. ClearView Wealth has picked up a long-term issuer default rating of BBB from credit rating issuer Fitch, the wealth manager's first rating by the firm. According to Fitch, both ...

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
"Whatever it takes and for however long it takes!" This is the collective battle cry of governments and central banks the world over as they try to calm nerves and get ahead of the coronavirus that's paralysed economic activity. Fiscal and monetary ...

Buy now but can they pay later?

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
Afterpay has been the latest stock to take a significant hit in the current environment as investors are concerned those who buy now may not be able to pay later. The company finished 33% lower in yesterday's session, wiping around $1.5 billion ...

UBS says goodbye to ETFs

KANIKA SOOD  |  THURSDAY, 19 MAR 2020
UBS is sweeping clean its suite of ASX-listed ETFs, shutting down six funds and delisting three as asset growth stalls. UBS currently has nine ETFs with $300 million in funds under management at February end. On Friday, it informed investors of its ...

Mirae appoints wholesale distribution lead

KANIKA SOOD  |  THURSDAY, 19 MAR 2020
Mirae Asset Management has hired from Russell Investments to appoint a lead for its wholesale distribution in Australia. Tim Reimers has joined in the Sydney-based role and will work with financial advisers, as Mirae does a hard launch of its strategies ...

Low rates support some bond managers: Report

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
The fall in interest rates has supported bond managers with a longer duration stance, according to new Morningstar research revealing the performance of fixed income houses during coronavirus-induced volatility. The report said fixed income, particularly ...

HUB24 wins $1b mandate

ALLY SELBY  |  THURSDAY, 19 MAR 2020
A listed diversified financial services company has awarded HUB24 a $1 billion mandate, as it moves away from its own wrap platform. ClearView will migrate the $1 billion from its own WealthSolutions wrap platform to HUB24, subject to all regulatory ...

Coronavirus puts rocket under shorting ETFs

KANIKA SOOD  |  WEDNESDAY, 18 MAR 2020
Australian investors are flocking to ETFs that allow them to short the ASX200 and the S&P 500 amid the stock market correction, doubling their assets since start of the year. The ASX 200 and S&P 500 had both lost over 20% from the start of the year ...

Ellerston, Morphic look to oust Perpetual

KANIKA SOOD  |  WEDNESDAY, 18 MAR 2020
Ellerston Capital wants to take over as the responsible entity of a $75 million fund managed by Morphic Asset Management, saying it can offer investors a better deal on the fees. The Morphic Global Opportunities Fund invests in global equities and is ...

Moody's downgrades AMP

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 MAR 2020
International ratings agency Moody's has downgraded AMP Group, AMP Bank and AMP Life. AMP Group, AMP Bank and AMP Life were all downgraded from A2 to A3 and remains under review for downgrade. AMP Life's insurance financial strength rating was ...