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Showing 951 - 960 of 2129 results for "Financial Year"

BlackRock restructures iShares ETFs

KANIKA SOOD, KARREN VERGARA  |  THURSDAY, 3 MAY 2018
... W-8BEN forms when investing in iShares," Howie said. BlackRock plans to start the restructure after the end of financial year in July. The five dropped iShares ETFs were indexed to Russell 2000, MSCI Singapore, Global Telecom, MSCI Hong Kong and MSCI ...

Active managers must explain value better: Formica

DARREN SNYDER  |  TUESDAY, 3 APR 2018
... strengthen the new firm's headquarters. Janus Henderson recorded outflows of about $13 billion (US$10bn) in the 2017 financial year but grew its assets under management by 16% to $484 billion (US$371bn). Formica said this was to be expected in a period ...

Shuttering dividend cash loophole to hit SMSFs

KARREN VERGARA  |  TUESDAY, 13 MAR 2018
... Government will reform this system," Bowen said. Shutting down the concession will save the budget $11.4 billion next financial year and $59 billion over the medium term, he added. The dividend imputation system, introduced by Paul Keating in 1987, eliminates ...

Beware downsizer downsides

JAMIE WILLIAMSON  |  WEDNESDAY, 7 MAR 2018
... served to familiarise themselves with the rules around the downsizer contribution well before the start of the new financial year," Lavery said.

Hunter Hall veteran launches new business

ALEX BURKE  |  MONDAY, 5 MAR 2018
... over performance." The firm will also use an unusual fee structure whereby if performance is negative in any given financial year, half of the performance fee earned in the previous year will be refunded to investors. The annual management fee is 0.5%. ...

Netwealth offloads advice subsidiary

KARREN VERGARA  |  FRIDAY, 2 MAR 2018
... in Bridgeport would be well cared for." The platform reported a 58% increase in FUA to $5.7 billion in its half-financial year results. It recorded net profit after tax of $14.1 million, a 59.3% improvement on the prior corresponding period. Australian ...

Netwealth doubles managed account FUM

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2018
Netwealth saw significant growth in its managed accounts offering during the first half of the 2018 financial year. Reporting a 107% rise on the prior corresponding period, Netwealth's suite of managed accounts now hold $1.4 billion in funds under management. ...

HUB24 reports record first half

JAMIE WILLIAMSON  |  MONDAY, 26 FEB 2018
... advisers, half-year results show. The platform's FUA grew by a record $1.4 billion during the first half of the 2018 financial year. In the 12 months to 31 December 2017 HUB24's FUA increased by 66% to now total $7.2 billion. An underlying net profit ...

ATO closely monitoring SMSF balance caps

KARREN VERGARA  |  MONDAY, 19 FEB 2018
... of members. This is different from SMSFs, which by their nature only have a small membership," he said. In this financial year, the ATO increased its assurance activities to reduce the level of long-term non- lodgements. O'Halloran said non-lodgements ...

Australian Ethical names new COO following restructure

ALEX BURKE  |  FRIDAY, 16 FEB 2018
... continue this growth." In August, Australian Ethical reported a 34% boost in superannuation members in the 2017 financial year, pushing funds to $2.15 billion under management. Given the significant increase in members and 42% spike in net flows, Australian ...