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Showing 1 - 10 of 631 results for "September quarter"

UK, Japan slip into technical recession

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... gross domestic product (GDP) fell 0.3% in the fourth quarter of last year following a contraction of 0.1% in September quarter, according to the Office for National Statistics, which defines a technical recession to include two or more consecutive quarters ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... investing in sectors it purportedly restricted, due to their environmental and community impact. "The July to September quarter saw ASIC achieve strong results in court and file significant matters that go toward our ongoing work to protect consumers," ...

Clime IM doubles down on strategy, taps into AI

ANDREW MCKEAN  |  MONDAY, 30 OCT 2023
... services and systems, a move that contributed to elevated operating and project consultant costs impacting the September quarter results. But Clime acknowledged "significant progress" in transforming into a private wealth business, highlighting that ...

Inflation eases to 5.4%, RBA tipped to hike interest rates

ANDREW MCKEAN  |  THURSDAY, 26 OCT 2023
... yesterday, showing a moderation in annual inflation from 6% to 5.4%. However, inflation climbed 1.2% in the September quarter, outpacing the 0.8% increase in June, prompting GSFM investment strategist Stephen Miller to label an upcoming interest rate ...

Netwealth to distribute private markets offering

ANDREW MCKEAN  |  THURSDAY, 19 OCT 2023
... update to the ASX, revealing a large increase in funds under administration (FUA) from $1.7 billion for the September quarter, despite a negative market movement of $0.4 billion. Netwealth's FUA has now reached $72 billion, marking a 23.9% increase ...

Multi-asset funds see $1bn exodus

KARREN VERGARA  |  WEDNESDAY, 11 OCT 2023
... economy is bad for tenant demand," she said. Overall, managed equity funds saw inflows of $705 million in the September quarter. Inflows were down 81% on a year-on-year basis. Just under half of the quarter's inflows went to Australian stocks, a net ...

Salary inflation becoming S issue for ESG managers

RACHEL ALEMBAKIS  |  FRIDAY, 20 JAN 2023
... in the September 2022 quarter, and 3.1% annually. The average size of hourly wage increases was 4.3% in the September quarter of 2022, and nearly half - 46.4% of private sector jobs - recorded a change in their hourly wage rate this quarter compared ...

Super assets decline despite contributions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 23 NOV 2022
... other assets comprise 2.3%. The rate of return (ROR) for funds with more than six members was -0.7% for the September quarter and -6.4% for the year to September end. "This is the third consecutive quarter of negative quarterly ROR, as investment markets ...

Cost of retirement in lockstep with inflation: ASFA

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... Superannuation Funds of Australia (ASFA), the amount needed for a comfortable retirement has risen again in the September quarter. The ASFA Retirement Standard September quarter 2022 figures show that couples aged around 65 living a comfortable retirement ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... data today from the Australian Bureau of Statistics (ABS) shows the Consumer Price Index (CPI) rose 1.8% in the September quarter. Over the 12 months to September 2022, CPI rose 7.3%, the highest annual movement since 1990. Nevertheless, over time, the ...
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