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Showing 1 - 10 of 741 results for "June quarter"

HUB24 hits $100bn milestone

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... which $800 million migrated during the quarter. Between $1.7 billion and $3 billion of FUA is due to migrate in the June quarter. Investment Trends named HUB24 as the best full-function platform in 2023, narrowly beating Netwealth. Praemium, BT Panorama ...

Netwealth's share price rises following strong inflows

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... 75 th birthday. He intends to do this by June 30. Looking ahead, Netwealth projects robust inflows for FUA in the June quarter, driven by several large transitions, heightened seasonal flows, and increased market activity. It also highlighted the rapidly ...

Platinum bleeds $1.4bn in outflows

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... company's annualised half year expense base of some $96 million. Such savings will likely materialise in the June quarter and "generate a material impact" on the 2024 financial year profit as the bulk of savings will progressively be realised in ...

CPI cools to 4.9%

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... it outlined. Further, annual food inflation also subsided and dropped to 4.8% in September, down from 7.5% in the June quarter and the peak of 9.2% in December 2022. Housing costs remained elevated with a 6.1% increase, accompanied by a 5.9% rise in ...

Magellan FUM, share price tumble

ANDREW MCKEAN  |  FRIDAY, 6 OCT 2023
... global equities strategy, which Rainmaker Information research revealed to have outflows of $763 million during the June quarter. However, Magellan chief executive David George said that the fund manager has begun to see early signs of a performance ...

Smart beta 'taking over' active management share: VanEck

ANDREW MCKEAN  |  THURSDAY, 5 OCT 2023
... Interestingly, the chief contributor to this decline was the Magellan Global Open Fund haemorrhaging $763 million in the June quarter. Further illustrating the shift in investment preferences, Neiron reiterated that smart beta strategies are on the rise. ...

RBA holds cash rate at 4.1%

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... the impacts of previous hikes. Since, the Australian Bureau of Statistics has revealed GDP increased by 0.4% in the June quarter, mainly offset by exports and investments. While the recent pause may have caused temporary relief, the RBA warned that despite ...

Future Fund posts 6% return

JAMIE WILLIAMSON  |  WEDNESDAY, 30 AUG 2023
... generate meaningful returns from a diversified range of assets such as that owned by the Future Fund." Meantime, for the June quarter, the fund returned just 1.6%. For context, and while a direct comparison cannot be drawn, the median return for superannuation ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... standards. According to ASFA, the annual expenditure needed to reach its comfortable retirement standard rose 0.5% in the June quarter to hit a record high of $70,806 per year for couples, and $50,207 for singles, taking the annual increase to 6.1%. ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... three months. Complaints involving financial difficulty rose by 9% year on year to 4849. These shot up 31% in the June quarter. Home loan complaints rose 10% annually but grew 19% quarter on quarter. Credit card complaints rose 15% year on year and more ...
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