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Company News
ETFs surge as passive investment overtakes active management in Australia
One of the big trends in Australia – and the rest of the world – has been the triumph of passive investment vehicles such as exchange traded funds over the traditional fund managers and their star stock pickers. In Australia ASX figures show that ETF investment hit an amazing $200 billion towards the end of […]
Shares that could make for handy EOFY tax losses
In keeping with the pre-30 June end of financial year (EOFY) vibe, this week your columnist opines on a few well-known underperformers that arguably are worthy of being sacrificed on the altar of the fiscal fiend. In other words: they’re unlikely to recover in a hurry and their best use is as a tax loss. […]
One of Australia’s oldest listed companies follows super new path
The walls of the Melbourne headquarters of Equity Trustees (ASX: EQT) are adorned with the portraits of former prime ministers, premiers and governor generals who have served on the board of the stately 133-year-old institution. The roll call of dignitaries includes 19th century premier Sir Charles Sladen, prime ministers Stanley Bruce and Robert Menzies and […]
What to look out for as the $800bn investment platform sector feeds on itself
The head of investment platform Praemium (ASX: PPS) Michael Ohanessian sounds like he’s channelling the coronavirus when he says that “like any living organism, any organisation wants to survive.” But in this case, he’s referring to the need for the $800 billion a year adviser platform sector to grow and diversify at a time when […]
Royal Commission fallout doesn’t stop IOOF takeover
In a move that has sent waves of relief through the embattled financial planning industry, IOOF’s (ASX: IFL) protracted moves to take over ANZ Bank’s (ASX: ANZ) superannuation business have finally been given regulatory clearance. The takeover had been under a cloud ever since the Banking Royal Commission, causing concerns for customers and shareholders after […]