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| | | Australia's major banks have achieved skyrocketing returns of $32.5 billion, up 14% from last year, driven by loan growth, margin expansion and the continued decline in notables. This year, profits exceeded the previous record set in 2017 at $31.2 ... |
| | | | Dimensional Fund Advisors has, for the first time, forayed into the local exchange-traded funds (ETFs) market, launching three actively managed core equity strategies. The three products, which began trading today, are offered in a dual-access structure ... |
| | | | In its full-year 2023 results, ANZ declared a cash profit of $7.4 billion, up 14% on the previous year. The big four bank said its proposed final dividend for 2023 also increased to 94 cents per share (cps), consisting of an 81 cps dividend partially ... |
| | | | An alarming number of small and large wealth managers are underprepared for cybersecurity breaches particularly when it comes to managing third-party providers, a new report from ASIC finds. Wealth managers across the spectrum have a long way to go ... |
| | | | Australia is ahead of the curve when it comes to alternative investing and Apollo Global Management will remain focused on the region as demand amongst local investors grows. Following the recent distribution of the Apollo Aligned Alternatives (AAA) ... |
| | | | VanEck is launching three new AUD-hedged international equity ETFs, prompted by increasing demand from financial advisers and investors. The investment manager's new ETFs, scheduled for a November 9 debut on the ASX, will leverage VanEck's existing ... |
| | | | Treasury's proposed three-year moratorium on private litigation related to Scope 3 reporting as part of its proposed mandatory climate-related financial disclosure package has raised fears that it would give companies the green light to greenwash. ... |
| | | | Morningstar has revealed that in sectors such as Australia mid/small blend and local large value equities, active funds demonstrate superiority, while passive funds remain dominant in markets with representative indexes. According to the research house's ... |
| | | | Prosperity Advisers Group has merged with a Brisbane-based accounting and advisory firm. Prosperity has joined forces with Brisbane-based P+Y Accountants and Business Advisors. P+Y Accountants partners Brenden Yantsch and David Pennell and a team of ... |
| | | | Future Super Group is ramping up its growth strategy, entering the default super space with the acquisition of GuildSuper. The deal with GuildSuper will see Future Group add about $2.77 billion in funds under management and 99,000 members. This includes ... |
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