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ECB drops interest rates to 3.25%

KARREN VERGARA  |  FRIDAY, 18 OCT 2024
... restrictive," the council said. "Inflation is expected to rise in the coming months, before declining to target in the course of next year." However, domestic inflation is expected to remain high, as wages continue to rise at an elevated pace. In the ...

AMP's MyNorth sees inflows rise 76%

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... bank remains on track, with a first release to AMP employees expected in the coming weeks, ahead of the public launch in Q1 next year. "While we progress towards launch of this new bank division, in our existing bank we continue to carefully manage margins ...

Acclaim Wealth enters managed account space

ANDREW MCKEAN  |  TUESDAY, 15 OCT 2024
... members. "This is the first major enhancement we've launched on the back of that, with Direct International Equities being our next enhancement," Constable said. He said that managed accounts are widely used in financial advice practices, but for a long ...

Harris vs Trump: Key economic policy differences

ELIZA BAVIN  |  TUESDAY, 15 OCT 2024
MLC senior economist Bob Cunneen has said the US budget deficit is expected to soar over the next 10 years no matter who wins the upcoming US presidential election. Cunneen said the US people will once again "be making profound choices" come November ...

Best and worst performing ETFs revealed

ELIZA BAVIN  |  MONDAY, 14 OCT 2024
... 10 best performing ETFs have scored three stars or below in our 'star rating' system. This year's winner could easily be next year's loser." Betashares took three of the top 10 positions for best performing ETFs, followed by Global X with two of the ...

IFM Investors loses top executive

ELIZABETH FRY  |  FRIDAY, 11 OCT 2024
... pension-owned infrastructure and private equity specialist. David plans to take a short break before deciding what to do next - probably until after the Christmas holiday period. She has more than a few options open to her given her 30 years' of ...

Australian investment market moves onward and upward

ANDREW MCKEAN  |  THURSDAY, 10 OCT 2024
... Australia, holding a 10.6% market share, and its FUM growth over the past year is higher than the combined growth of the next four largest fund managers. The research also showed strong performance in retail super, with FUM rising 9.9%, making it the ...

ETF winners and losers in September

ANDREW MCKEAN  |  THURSDAY, 10 OCT 2024
... marking its strongest move in a decade. The worst performers were the VanEck Global Carbon Credits ETF (Synthetic), down 9%, next in line was the Betashares Crude Oil Index ETF - Currency Hedged (Synthetic), which dropped 6.1%, and the Betashares Australian ...

Netwealth FUA soars, names new chief financial officer

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
... younger clients. "We are pleased to welcome the Flux team to Netwealth. They have achieved strong success in engaging with the next generation of young adults, particularly the Emerging Affluent segment, on their finances and investments since 2020," ...

Ares buys GCP International in $5.5bn deal

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2024
... enterprise customers continues to accelerate with capital expenditure expected to materially exceed $1.48 trillion over the next three years, buoyed by global secular trends driven by the increase in data and compute needs, cloud migration, data security ...