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08 July 2022 • By Jon Bragg • 1 min read

Magellan’s FUM shrinks again

The firm experienced over $5 billion of net outflows in the June quarter. The funds under management (FUM) of Magellan Financial Group fell to ...

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Ministers forced to sell shares under new code of conduct

The new code also bans the use of blind trusts by government ministers. Under a new code of conduct introduced by Prime Minister Anthony Albanese, ...

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ABS data suggests gender pay gap is closing

The gap between the wages of women and men appears to be shrinking. Recent data released by the Australian Bureau of Statistics (ABS) revealed that ...

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Maple-Brown Abbott launches Australian small companies fund

Maple-Brown Abbott has confirmed the launch of an Australian small companies fund. The new fund is set to be managed by Phillip Hudak and Matt ...

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Bendigo and Adelaide Bank picks up ANZ investment lending portfolio

The deal will see Bendigo and Adelaide Bank’s margin lending portfolio exceed $2 billion. Bendigo and Adelaide Bank has agreed to acquire ANZ’s ...

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APRA grants restricted ADI licence to Australia’s first Islamic bank

Islamic Bank Australia plans to offer a full suite of retail and business banking services. APRA has issued a restricted authorised deposit-taking ...

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Equity Trustees appointed RE for Foord Asset Management

The investment manager has named Equity Trustees as responsible entity for its high conviction global equity portfolio. Equity Trustees has ...

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Over $700m lost to investment scams in 2021

Record levels of scam activity were seen in Australia last year. Australians lost a total of $701 million to investment scams during 2021, a jump ...

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Bank says capital city house prices to fall by up to 20%

Sydney and Melbourne are expected to record the biggest declines. House prices in Australia’s capital cities are set to fall by between 15 and 20 ...

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House prices in decline nationally for second consecutive month

Australia’s housing downturn is building momentum, according to CoreLogic.  Price falls in Sydney and Melbourne have again driven CoreLogic’s Home ...

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