Investment Funds News

Managed funds near $3 trillion mark

Australia’s managed funds industry grew 9.2 per cent during the last financial year, new data has revealed.

All Ords sends mixed messages

Depending on how you look at it, the stock market has either been doing well, doing nothing or doing poorly.

Australia hailed for its very high' economic strength

Moody��_s Investors Service has maintained Australia��_s AAA credit rating, despite warning about the risks of a housing crash.

ANZ pays the price for OnePath compliance failures

ANZ has been ordered to pay $15 million compensation to 160,000 superannuation customers of its wealth management business.

All Ords crawls forwards

Australia’s stock market has basically stood still over the past year, when adjusted for inflation.

Scammers cheating Aussies out of millions

Consumers have been warned about investment scams, with authorities explaining how they tend to originate and how they can be avoided.

ASIC tells consumers to avoid investment firm

All Ords jumps 10.3% during FY17

Most stock market investors had reason to smile during the 2016-17 financial year, with the Australian market making double-digit gains.

ASIC weighs in on independence of financial advisers

The financial services regulator has taken legal advice on whether financial advisers can claim to be ‘independently owned’.

Managed funds stockpile grows 9.1%

Australia’s funds management industry has almost $3 trillion of funds under management, new data has revealed.

All Ordinaries falls 3.1% in May

Australia’s stock market has lost ground over the past month, although it has still posted reasonable returns over the past year.

Big four banks and AMP repay $60m, much more to come

Five financial institutions caught up in a financial advice scandal have so far coughed up tens of millions of dollars in refunds and interest.