ETFs are weathering the coronavirus storm
[ad_1] After 14 solid months, Australia’s ETF industry posted a month of negative growth, with funds under management falling by $2 billion, according to February’s BetaShares Australian ETF Review. But inflows remained strong at $1.6 billion, with the decline driven…
Super returns return after August share market jitters: Chant West
[ad_1] While both international and domestic equity markets witnessed significant sell-offs in early August, they largely managed to recoup those losses, with Chant West analysis suggesting the average growth fund was down just 0.6% in August so far. This means…
A major asset manager is ditching ETFs
[ad_1] UBS Asset Management has announced it will close six of its ASX-listed ETFs and delist three. The discontinued ETFs include UBS IQ Cash (MONY), two Morningstar Australia ETFs and three ethical ETFs for Europe, Japan and the US (UBE,…
Westpac reports rise in net profit after ‘solid’ quarter
[ad_1] Westpac reported a rise in net profit to $1.8 billion in the three months ending June 30, 2024, up 6% on the average quarter for the first half of 2024. In a statement to the ASX on Monday, the…
Experts stress that the price distortion is leading to a new focus on value stocks
[ad_1] The past 12 months have seen a significant impact of style factors on global market performance, with the momentum factor the main contributor to global equity performance, according to Reece Birtles, chief investment officer at specialist equity investment manager…
Aussie neobank gets huge cash splash
[ad_1] Xinja received $443 million from Dubai-based Emirates World Investments with an initial investment of $160 million. “We believe this is the largest single investment in an Australian neobank or start-up and, combined with exceptional customer acquisition and deposit growth,…
Finance lags behind cybercrime
[ad_1] While many institutions are now taking cyber security more seriously, the rapidly evolving nature of cybercrime means they must focus on dealing with attacks as well as preventing them. “Cyber resilience is an organizational capability – not a technological…
HUB24 clears $100 billion in FUA amid record inflows
[ad_1] In its full-year results announcement on the ASX on Tuesday morning, HUB24 announced that its total assets under administration (FUA) grew to $104.7 billion as at 30 June 2024, a 30% increase on the 2022-23 financial year . Breaking…
APRA ruling will ‘stifle innovation’
[ad_1] On April 8, APRA warned it would not issue new licenses for at least six months, saying it did not think it was “reasonable” to issue new licenses when the coronavirus outbreak was already making it difficult for established…
Channel Capital leverages Goldman’s private euro credit strategy in new fund
[ad_1] Channel Capital’s West Street European Private Credit Fund (AUD) is an open-ended Australian unit trust that has access to Goldman Sachs Asset Management’s European private credit strategy, which was introduced to offshore wealth markets in late 2023. According to…