The inflationary challenge sets the stage for the distribution of gold
[ad_1] Recent inflation data, combined with the Reserve Bank of Australia’s (RBA) repeated sentiments about keeping interest rates higher for longer, could see gold emerge as a “strategic component” in Australian portfolios, according to Ray Jia, senior research analyst at…
NAB earnings down slightly, focus on $400 million in productivity savings
[ad_1] NAB reported unaudited cash revenue of $1.75 billion for the third quarter of the 2024 financial year. In a statement to the ASX on Friday, it said cash earnings were down 0.2 per cent on the first half of…
GQG delivers $11.1 billion in net flows amid equity strategy outperformance
[ad_1] GQG Partners reported US$11.1 billion in positive net inflows in the first six months of the year, the global investment boutique confirmed in its half-year results on Thursday. In a report to shareholders, GQG CEO Tim Carver noted that…
The ASX reported a 3.4% drop in profit due to a jump in operating costs
[ad_1] ASX underlying net profit after tax (NPAT) fell 3.4 per cent to $472.2 million for the financial year ending June 30, driven by higher operating costs but partially offset by increased operating revenue and net income from interest. In…
Pro notes “tremendous” value recovery in fixed income
[ad_1] Amid a volatile 18 months for markets, fixed income appears to be in a “really good” position to deliver returns for investors, according to Kelly Wood, head of fixed income at Schroders Australia. “We’ve been waiting for this for…
Dimensional expands local product range with 3 new ETFs
[ad_1] Dimensional Fund Advisors has increased its local offering with three-component funds specifically targeting the long-term premium available from Australian and global value stocks as well as global small caps. The new strategies include Dimensional Australian Value Trust (DAVA), Dimensional…
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…
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…
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…