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Showing 81 - 90 of 6437 results for %22December%22

Inflation falls to 4.1%, RBA weighs rate cut

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
Annual inflation in December 2023 was 4.1%, down from 5.4% the previous quarter, but still above the Reserve Bank of Australia's (RBA) 2-3% target band. This marks the fourth consecutive quarter of declining annual inflation, down from a peak of 7.8% ...

Hyperion leads as top Australian shares fund manager: Mercer

ANDREW MCKEAN  |  WEDNESDAY, 31 JAN 2024
... leading fund manager in the Australian shares category. The fund achieved a return of 25.1% return over the year ending December 2023. Following closely was the ECP Asset Management All Cap strategy and the Smallco Broadcap fund, returning 23.6% and ...

Schroders shutters Asian Shares Fund

JAMIE WILLIAMSON  |  TUESDAY, 30 JAN 2024
... invested in large cap companies in Asia Pacific excluding Japan, had about $18.4 million in funds under management at December 2023 end. Over 10 years, the fund has returned about 9.8%. However, its performance has waned in recent years, with a three-year ...

JPMAM partners with NZ wealth firm

KARREN VERGARA  |  TUESDAY, 30 JAN 2024
... future collaboration and growth opportunities providing diversified, quality solutions to New Zealand investors." In December, JPMAM partnered with iCapital to offer local wholesale investors access to alternative investments. Under the arrangement ...

Netwealth records $78bn FUA, flags departure

JAMIE WILLIAMSON  |  MONDAY, 29 JAN 2024
... prepares to farewell its chief financial officer. In a quarterly update, Netwealth said a $6 billion increase in FUA in the December quarter has pushed its total FUA to $78 billion. This included $2.6 billion of net inflows, up 25% on the prior corresponding ...

Advice group awards mandate to JANA

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JAN 2024
... investment consultant. The consulting group's wealth division was awarded a mandate by Alteris Financial Group, effective December 2023. It covers asset allocation, manager selection and portfolio construction, as well as reporting the group. Alteris ...

Generation Development Group nears $3bn

ANDREW MCKEAN  |  TUESDAY, 23 JAN 2024
... has reported a 24% increase in funds under management (FUM) from the previous year, reaching nearly $3 billion as of December 2023. In an ASX announcement, GDG also reported FUM growth of $232 million between September and December 2023, alongside a ...

Australian Ethical super chief goes for growth in 2024

ANDREW MCKEAN  |  TUESDAY, 23 JAN 2024
... Standard, Piper, who joined Australian Ethical from Christian Super following the merger between the two super funds in December 2022, said scaling the business enabled "meaningful investment" in back-office processes, important to maintaining its leadership ...

Qantas Super reduces premiums again

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
... the 2023-24 financial year. The $8.4 billion super fund is actively scouting for a merger partner. In an update last December, the fund said a new merger committee was set up to guide the management team throughout the process. Led by the fund's ...

ME Bank fined $820k for misleading borrowers

CHLOE WALKER  |  MONDAY, 22 JAN 2024
... the letters contained a repayment amount that was less than the actual amount required to repay the loan. Between 28 December 2016 and 23 February 2018, ME Bank also neglected to send letters to certain customers regarding changes in interest rates and ...