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Showing 931 - 940 of 10691 results for "May 2012"

Bitcoin ETF price war: VanEck, Monochrome cut costs

ANDREW MCKEAN  |  FRIDAY, 12 JUL 2024
VanEck has cut the management fee for its Bitcoin ETF (ASX: VBTC) to 0.49% per annum, just days after Monochrome Asset Management made a change. The ETF provider said the decision followed more than $18 million flowing into the fund since its launch ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
Total compensation for Dixon Advisory victims has reached $338.6 million as the Australian Financial Complaints Authority (AFCA) caps the total number of complainants at 2773. The Financial Advice Association Australia (FAAA) calculates that the financial ...

Markets look to US rate cuts as inflation falls

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
The US Federal Reserve (Fed) has indicated that a cooling labour market has alleviated inflation pressures, signalling to investors that interest rate cuts could be on the horizon. June's US consumer price index (CPI) data revealed a rise of 3% from ...

'Growing revenues, not AUM, is the new name of the game': ISS

ANDREW MCKEAN  |  THURSDAY, 11 JUL 2024
The relationship between assets under management (AUM) and revenue growth has broken down as fund buyers - both retail and institutional - increasingly embrace lower-fee index funds. This comes as interest in more expensive active strategies appears ...

SSGA launches new gold fund

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
State Street Global Advisors (SSGA) has announced the launch of the State Street Gold Fund, a new unlisted managed fund in Australia. The State Street Gold Fund seeks to track the performance of the spot gold price (LBMA Gold Price PM in Australian ...

Australia climbs global wealth ranks

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
Australia has moved up the ranks in the UBS Global Wealth Report, rising from third place to second in terms of median wealth per adult, sitting just below Luxembourg. In 2023 wealth growth across the world recovered from its 3% contraction the previous ...

Insignia Financial overhauls operating model, executive team

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
Just a day after denying it has engaged Citi to consider takeover offers, Insignia Financial has overhauled its entire operating model and executive lineup. Insignia Financial is moving away from its current functional operating model and introducing ...

Inflation pummels adviser pay by 20%

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
Financial advisers' remuneration has failed to beat inflation for more than 20 years, going backwards by 20%, according to a recruiter. An analysis by Recruit 2 Advice found that since 2000, advisers' salaries increased 1.9% annually or 2.8% averaged ...

Political risk pushes institutional investors to cash: Report

ELIZA BAVIN  |  WEDNESDAY, 10 JUL 2024
State Street Global Markets has released the results of the State Street Institutional Investor Indicators for June, showing risk appetite fell 0.09 in June, revealing a modest risk off bias across the month. State Street Global Markets head of macro ...

New lending for property investors up 30%

ELIZA BAVIN  |  TUESDAY, 9 JUL 2024
New housing lending unexpectedly fell in May, declining by 1.7% for the month. Lending to owner-occupiers and to investors both fell in the month but remain well above levels seen this time last year. In fact, new lending to investors has been very ...