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14 February 2024 • By Maja Garaca Djurdjevic • 1 min read

AMP suffers profit slump amid ‘year of progress’

AMP’s net profit suffered a 31.5 per cent decline in 2023. Despite a 31.5 per cent decline in the firm’s statutory underlying net profit after tax ...

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Australia retains AAA rating trifecta

All three major credit rating agencies have assigned Australia the highest issuer credit rating. Standard and Poor’s (S&P) has given Australia ...

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CBA ‘optimistic’ as profit falls 3% in first half of FY24

The big four bank has reported a $5.02 billion profit for the first half of the financial year. Commonwealth Bank has posted a cash net profit ...

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Australian bond market grows in appeal amid macro uncertainty

Schroders has outlined the case for bond markets as an attractive way to add high levels of quality income this year as it positions overweight ...

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Macquarie reports profits ‘substantially down’ from FY23

In its latest quarterly update, the bank has announced its year-to-date NPAT declined amid ongoing uncertainty. Macquarie Group has reported a ...

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International equities ETF growth trumps domestic peers

International equities exchange-traded funds (ETFs) received the highest inflows in January as investors returned to the asset class. The ...

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Challenger takes aim at super funds, boosts lifetime annuity sales

Challenger reported growth of 190 per cent in lifetime annuity sales, having realised an “extraordinary” opportunity in retirement. In its ...

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Active management returns linked to ‘naive’ alpha, asset manager says

New findings reveal that the majority of active managers are achieving additional returns by adhering to a long-term investment style. Innova Asset ...

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Equity markets: What will happen when interest rates fall?

The conclusion of the recent rate hiking cycle ignited a surge in what market analysts are calling an “everything all at once rally”

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Fiducian posts 9% FUMAA growth

The ASX-listed financial services firm expects positive returns for its clients this year despite volatility. In its half-year results released to ...

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