AFIC wary of ‘full’ market, boosts dividends
Australia’s largest listed investment company boosted its interim dividend despite an 8 per cent fall in interim profits. Here’s why.
Australia’s largest listed investment company boosted its interim dividend despite an 8 per cent fall in interim profits. Here’s why.
Young and middle-income families are bracing for increased reliance on loans to weather the cost of living crunch, while older Aussies are dipping into savings to maintain their lifestyles.
The $160bn super giant delivered double-digit returns last year for about half its 1.1m members, thanks to a technology-fuelled rally in equities. Now, other opportunities are on the horizon.
Shares in buy now, pay later provider Zip Co climbed after the firm unveiled strong quarterly revenues and said it was on track for profitability.
Investors who bought shares in listed non-bank lenders on expectations of interest rate cuts later this year may be in for a nasty surprise.
The CIO of NSW’s TCorp, Stewart Brentnall, says greater policy intervention and market volatility will require the $109.9bn fund to increase its risk focus and tolerance.
The value of new home loans has continued to rise, albeit at a reduced rate, fuelling expectations of higher property prices this year.
Many lenders lack the data and technology necessary to assess borrowers’ creditworthiness, Experian says.
Australian banks face the prospect of higher funding costs because $104bn of cheap term funding from the RBA, implemented during the height of the pandemic, is due to expire.
Magellan shares suffered their steepest drop in 13 weeks after Citi downgraded the once-favourite fund manager to “sell”, while rival GQG impressed with $US9.9bn net inflows.
Original URL: https://www.theaustralian.com.au/author/paulina-duran/page/9