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22 August 2022 • By Jon Bragg • 1 min read

Why investors should consider water for portfolio diversification

The Australian water market can provide investors with portfolio diversification. A research house has suggested that investors seeking portfolio ...

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Equity Trustees announces 'transformative' acquisition, FUMAS boost

Equity Trustees has announced a “transformative” acquisition alongside a 3.3 per cent lift in FUMAS for the year ended 30 June. Equity Trustees ...

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Australian custody sector shrinks considerably

Recent market volatility has had an impact on assets under custody in Australia. In the first half of 2022, the assets held under custody for ...

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Gold cements role during times of uncertainty

The precious metal has been among the better-performing asset classes this year. While most major asset classes have fallen over the past year amid ...

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Profit, FUM slide at Magellan

Magellan wrapped up a tumultuous year with a 9 per cent drop in average funds under management. In an ASX listing on Wednesday, Magellan revealed ...

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HESTA appoints Sydney firm to manage global equities mandate

HESTA has appointed a Sydney-based global equities investment manager to manage a major global equities mandate. Antipodes has announced its ...

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'Strategic review' confirmed for Challenger Bank

The investment manager has released its FY22 results. Challenger has announced a 19 per cent increase in normalised net profit before tax of $472 ...

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Fiducian posts 18% lift in gross revenue

The firm has released its results for the 2022 financial year. Fiducian Group has reported its highest ever net inflows of $309 million for FY22, ...

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Westpac reports weaker capital position as interest rates spike

Westpac’s capital position was weaker at the end of the fiscal third quarter due to an interim dividend payment and higher risk-weighted assets from ...

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Bendigo Bank's cash earnings pass $500m for the first time ever

The local bank has released its full-year results. Bendigo and Adelaide Bank has announced a 9.4 per cent increase of $500.4 million in cash ...

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