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04 July 2025 by Laura Dew

Magellan approaches $40bn, but performance fees decline

Magellan has closed out the financial year with funds under management of $39.6 billion. Over the last 12 months, funds under management (FUM) has ...
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RBA poised for another rate cut in July, but decision remains on a knife’s edge

Economists from the big four banks have all predicted the RBA to deliver another rate cut during its July meeting, ...

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Retail super funds deliver double-digit returns despite market turbulence

Retail superannuation funds Vanguard Super and Colonial First State have posted robust double-digit returns for ...

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Markets climb ‘wall of worry’ to fuel strong super returns, but can the rally last?

Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an ...

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ASIC levy for investment and super sector set to rise 9%

The corporate regulator has released its estimated industry levies for FY2024–25, with the cost for the investment ...

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Diversified portfolios deliver for industry funds as markets flourish

Another strong year for equities, both domestic and global, has driven largely positive returns for these industry super ...

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Investors face Melbourne Cup pain

  •  
By Stephen Blaxhall
  •  
2 minute read

Australian investors could wake up next month with their annual horse racing hangover and a second consecutive interest rate hike.

The Reserve Bank of Australia (RBA) left the cash rate unchanged yesterday at 6.50 per cent, but according to ICAP senior economist Matthew Johnson the rate is likely to rise again before year end.

"The RBA has already indicated that they are happy with a de facto cash rate of 6.75 per cent, so if credit markets continue to ease, and data continues to print firm, I expect that the RBA will be looking to raise the official cash rate to 6.75 per cent at the November or December meeting," Johnson said.

The RBA remains concerned about global turmoil in the financial market, but as it did in August will address with domestic inflation and demand problems first, he said.

"I suspect that the RBA would like to move on their tightening bias - elections permitting," Johnson said.

On November 8 2006 the RBA lifted the cash rate 0.25 per cent to 6.25 per cent. In August rates rose another 0.25 per cent to 6.50 per cent.