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Showing 971 - 980 of 6016 results for "Credit"

Aussie small caps, property funds in the red

KARREN VERGARA  |  WEDNESDAY, 21 JUN 2023
... Unhedged Global Thematic Share Fund were some of the best performers, each achieving over 22% p.a. The other sectors - credit (2.9% p.a.), emerging market equities (2.6% p.a.), ESG (2.1% p.a.), diversified growth (2.5% p.a.) and Australian income equities ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... once as a platform TDP and once as a non-platform TDP with the worst result taken. As for the benchmarks, international credit will now be assessed against the Bloomberg AusBond Composite 0+ Yr Index, while Australian fixed income will retain the Bloomberg ...

Epsilon launches second Australian fund

CASSANDRA BALDINI  |  THURSDAY, 15 JUN 2023
... office. The Epsilon Direct Lending Senior Loan Fund leans into growing investor demand for Australian conservative private credit strategies. "That can deliver consistent cash yields, with capital preservation and low volatility, as well as returns which ...

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
Wealth management powerhouse UBS has completed its acquisition of Credit Suisse, marking the end of the largest banking deal since the 2008 Global Financial Crisis. UBS acquired the crisis-stricken Credit Suisse for US$3.2 billion, with support from ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... Australian Authorised Deposit-Taking Institutions (Recommendation 13.5) will also be removed. Life, general and consumer credit insurance commissions (Recommendations 13.7 - 13.9) will have to provide standardised consumer consent requirements. Jones ...

Super gender balance gap increases

KARREN VERGARA  |  FRIDAY, 9 JUN 2023
The superannuation gender balance gap has slightly worsened, fresh Australian Taxation Office (ATO) figures reveal, as it crawls toward 21%. During the 2021 financial year men's super balance held $189,892, while women had 21% less on average at $150,922. ...

Cheques to wind down by 2030: Chalmers

CASSANDRA BALDINI  |  THURSDAY, 8 JUN 2023
... a cashless society. "Cash is the single most popular way to pay in retail locations, over 60%, followed by debit cards, credit cards and mobile phones," it said. Although it's not yet clear how cash with fit into a digital society, Chalmers reinforced ...

Senate Committee rethinks franking credit changes

ANDREW MCKEAN  |  TUESDAY, 6 JUN 2023
The Senate Economics Legislation Committee has urged the government to review laws that would impact franked dividends funded by capital raisings. In February, the government tabled the Treasury Laws Amendment (2023 Measures No.1) Bill 2023 which among ...

First Sentier clients walk away with $13bn

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... $3.2 billion, followed by Macquarie with $2.6 billion and VanEck with $1.9 billion. Meanwhile, the La Trobe Australian Credit Fund 12 Month Term Account received a $1.2 billion boost in FUM, ending the period at $7.3 billion. Macquarie's Enhanced ...

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
A US regulator has slapped Vanguard with a fine for issuing false and inaccurate account statements to 8.5 million US customers. The Financial Industry Regulatory Authority (FINRA) found that the fund manager overstated the yield and projected annual ...