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06 June 2024 • By Maja Garaca Djurdjevic • 1 min read

Magellan returns to FUM growth

The fund manager is back in recovery mode after a brief halt in April. Troubled fund manager Magellan Financial Group has reported a blip in funds ...

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Sluggish GDP growth raises concerns

Outside of the pandemic years, GDP in the March quarter delivered the slowest rate of annual growth in three decades. Australian gross domestic ...

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RBA prepared to hike if inflation remains sticky

The RBA governor says the bank is prepared to lift rates again if inflation proves stickier than expected. The Reserve Bank’s Plan A is to remain ...

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Global X ETFs introduces US infrastructure development fund on ASX

The ETF provider is granting Australians access to the strategy followed by the world’s largest US infrastructure development fund. Global X ETFs ...

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Federal Court finds Active Super misled investors on ESG credentials

ASIC commenced civil penalty proceedings against the $13.5 billion fund last year over allegations it misrepresented to the market that it was an ...

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Super performance test at odds with Future Made in Australia, warns industry body

The current framework of the test remains a barrier to allocating capital at scale towards the energy transition despite the government’s recent $22

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Fund manager hit with DDO stop order

ASIC has made an interim stop order preventing the firm from issuing or distributing interests in an income fund to retail clients after concerns over ...

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GDP growth misses forecasts

The Australian economy expanded at a slower pace than expected in the first quarter of 2024. Australian gross domestic product (GDP) rose 0.1 per ...

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Super trustee cops $780k fine over data reporting failures

According to APRA, the trustee failed to meet its legal obligations to report data by the required deadline for two funds under its trusteeship

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Investor interest surges as high-profile breaches propel cyber security growth

With recent high-profile breaches like Ticketmaster and MediSecure dominating headlines, investors have increasingly been flocking to take advantage ...

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