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18 August 2023 • By Jon Bragg • 1 min read

Magellan’s profit more than halves as FUM holds below $40bn

Despite a substantial fall in profit and funds under management, Magellan says it has made a “solid start” on implementing its five-year strategy

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GQG records US$6.2bn in net flows in spite of ‘difficult industry environment’

As part of its half-year results, the global investment boutique has reported an increase in funds under management of more than 20 per cent

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Softer labour force data ‘fits neatly’ with RBA’s recent sentiment

The ABS has reported an increase in the unemployment rate, supporting the RBA’s view that the labour market may be at a turning point

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ASX reports profit drop following CHESS writedown

The market operator has published its full-year results. In its full-year results released on Thursday, ASX posted a 37.6 per cent drop in ...

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First-ever Women in Finance Summit launches

Momentum Media is proud to launch its inaugural Women in Finance Summit, aimed at supporting and connecting leading female business owners in the ...

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Why ESG improvers may prove more resilient to higher rates and inflation

ESG improvers can help provide resilience within an investment portfolio, according to an Australian funds management group. Pengana Capital Group ...

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Prospects of a soft landing increase as inflation pressures ease

NAB has shared its latest assessment and outlook for the global economy. The likelihood of a soft landing in major advanced economies has risen, ...

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Equity Trustees confirms exit from UK and Ireland

The decision has been made by the firm following a strategic review. ASX-listed financial services firm Equity Trustees has announced its decision ...

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Property prices tipped to rise by up to 6% this year

According to ANZ, the impacts of housing shortages and tightness in the rental market are outweighing the interest rate increases delivered to date

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Franklin Templeton launches first Australian alternatives fund

Franklin Templeton has announced the launch of its first alternatives fund for Australian investors. The investment management firm has introduced ...

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