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16 February 2023 • By • 1 min read

Profit, FUM tank at Magellan

Magellan wrapped up a tumultuous half year with a 52 per cent drop in average funds under management.  In an ASX listing on Thursday, Magellan ...

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AMP reports drop in underlying net profit

AMP says the transformation of its advice business continues to progress. AMP reported an underlying net profit after tax (NPAT) of $184 million ...

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‘It’s not just me’: Lowe responds to rate policy backlash

The governor has hit back at criticism over his leadership of the Reserve Bank and defended the monetary policy board’s tightening strategy

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Oxford Economics upgrades outlook for emerging markets

An improvement in global economic sentiment has prompted a revision to the research group’s GDP growth outlook for emerging markets.  Oxford ...

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Big banks called to face parliament

Australia’s major banks have been summoned to parliament to face scrutiny over their business practices and adherence to community standards and ...

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Shares ‘vulnerable to pullback’ with market volatility ahead

A strong start to the year for equities markets could be short-lived amid continued monetary policy tightening and high risks of a global recession, ...

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Slight lift in assets under custody despite market volatility

The Australian Custodial Services Association has released its latest industry statistics. Total assets under custody for Australian investors rose ...

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Aussie ETF industry hits an all-time high

The industry’s assets under management have eclipsed the previous record set in 2021. The assets under management (AUM) of the local ETF industry ...

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Institutional investors plan to grow private markets allocations

According to State Street, private equity will remain the most in-demand alternative asset class over the next two to three years. State Street has ...

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Alphinity launches 2 managed funds on ASX

The two funds were listed and celebrated via an ASX bell ringing ceremony on Wednesday. Alphinity Investment Management has announced the listing ...

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