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08 August 2018 • By Tim Stewart • 1 min read

CBA net profit down 4.8% to $9.23bn

The Commonwealth Bank has posted a net profit of $9.233 billion for the 2017–18 financial year, down marginally on the previous year due to a $700 ...

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RBA keeps rates at 1.5% in August

The Reserve Bank of Australia has maintained the official cash rate at 1.5 per cent at its monetary policy meeting today. The RBA has announced the ...

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Invest in China from the ground up: Cerulli

With China making moves to allow for more and more foreign ownership of financial services firms, global fund managers may want to acquire smaller ...

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UCA Funds Management becomes a ‘B Corp’

Ethical fund manager UCA Funds Management has been recognised by an independent global body as an ethical and sustainable business. In a statement, ...

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Seer Asset Management seeks $4m capital raising

Boutique fund manager Seer Asset Management is seeking to raise $4 million in capital in order to grow its multithematic and ethical funds

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Consider corporate culture, says WCM

US-based WCM Investment Management has flagged the importance of assessing a company's corporate culture when building an investment portfolio

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Headwinds remain for Janus Henderson

Andrew Formica’s departure from Janus Henderson will mean a more streamlined company vision – but his exit will likely trigger further departures, ...

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Banks ‘entrenched and dominant’: Treasurer

The government has responded to the Productivity Commission report into banking competition by focusing on innovation and the need for “more players”

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Morgan Stanley maps out path to AMP recovery

Morgan Stanley has made the case that AMP represents “deep value” at current prices, listing 10 steps the new chief executive can take to rebuild the ...

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ASIC flags concerns about ETF spreads

ASIC has found the ETF sector is “generally functioning well”, but the regulator has concerns about widening bid-offer spreads and “concentration ...

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