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InvestSMART posts $1.7m loss

Sydney fund manager InvestSMART generated a reported loss of $1.7 million for financial year 2019, an 869 per cent plunge from its profit of...

by Sarah Simpkins

more stories

  • RBA warns debt levels could complicate monetary policy

    The Reserve Bank of Australia has pointed to Australia’s high debt levels as a factor in its decision making for the cash rate, fearing th...

    by Sarah Simpkins
  • Xplore loss recovers 78.4%

    The wealth platform provider produced a loss for the full year of $540,340, shrinking by 78.4 per cent from its prior damage of $2.5 million...

    by Sarah Simpkins
  • VanEck restructures 3 ETFs

    VanEck has announced it has simplified three exchange-traded funds for Australian investors and converting them to locally domiciled funds. ...

    by Adrian Flores
  • Union slams industry pay gap

    The Finance Sector Union (FSU) has urged the financial services sector to address its gender pay gap, in conjunction with Equal Pay Day earl...

    by Sarah Simpkins
  • Link Group records 123% rise in profit

    Data administrator Link Group has announced a statutory net profit after tax of $320 million for financial year 2019, up 123 per cent from ...

    by Adrian Flores
  • Evans Dixon US fund profit down 769%

    Evans Dixon’s troubled US Masters Residential Property Fund (URF) posted a net operating loss of $47.5 million for the first half of 2019,...

    by Sarah Simpkins
  • Investors pressure Qantas on refugee deportation

    US asset manager Mercy Investment Services has backed a shareholder resolution for Qantas, over the airline’s participation in the involun...

    by Sarah Simpkins
  • Super funds should develop advice models: Rice Warner

    Superannuation funds need to develop intra-fund advice models to better address the rising cost of financial advice for members, Rice Warner...

    by Adrian Flores
  • Macquarie launches $1.6bn raise

    Macquarie Group has kicked off a $1.6 billion raise, with the bank aiming to spread the capital across three of its subsidiaries, intending ...

    by Sarah Simpkins

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