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Investment

COVID-19 uncertainty sees AMP withdraw guidance

ALLY SELBY  |  THURSDAY, 26 MAR 2020
AMP has withdrawn its full-year 2020 outlook as a result of ongoing economic uncertainty.

Dow skyrockets in two-day winning streak

ALLY SELBY  |  THURSDAY, 26 MAR 2020
The Dow Jones Industrial Average has posted its second day of gains, rising 2.4% after witnessing its best one-day percentage gain since the Great Depression on Tuesday.

Ontario Teachers' takes stake in Sydney desal plant

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
The $201 billion Ontario Teachers' Pension Plan along with Morrison & Co, on behalf of the Utilities Trust of Australia have acquired The Infrastructure Fund's ownership stake in the Sydney Desalination Plant.

Times of turmoil create opportunities: deVere

ALLY SELBY  |  WEDNESDAY, 25 MAR 2020
With global stock markets rallying overnight, the chief executive of an independent financial advisory firm has pointed to key sectors that are benefiting from the spreading COVID-19 pandemic.

Avoid listed wealth giants: UBS

HARRISON WORLEY  |  WEDNESDAY, 25 MAR 2020
UBS has listed which stocks to jump on and which to avoid in the event COVID-19 pushes Australia deep into a recession, with two listed wealth giants in its negative column.

Mutual fund assets lose $1.3 trillion

ELIZA BAVIN  |  WEDNESDAY, 25 MAR 2020
More than US$775 billion ($1.3 trillion) in assets were wiped out of mutual fund strategies in the US during February, representing a single-month decline of nearly 5%, according to Cerulli.

The impact of COVID-19 on emerging markets

ALLY SELBY  |  TUESDAY, 24 MAR 2020
Emerging markets, which in recent times had made somewhat of a comeback, are now cowering in the shadow of the rapidly spreading coronavirus.

Cbus Property launches new project

ELIZA BAVIN  |  TUESDAY, 24 MAR 2020
Cbus Property and Scentre Group have announced a joint venture partnership to construct a new building in the Sydney CBD.

NAB Private director starts new venture

KANIKA SOOD  |  MONDAY, 23 MAR 2020
A former director in NAB's private bank has set up a funds management distribution business, and has signed a UK fund manager as its first client.

Bond fund spreads widen

KANIKA SOOD  |  MONDAY, 23 MAR 2020
Investors looking to redeem their fixed interest allocations face deep buy/sell spreads, as poor liquidity forces funds to push them up significantly during COVID-19 volatility.