Centuria Capital Group (Centuria, ASX: CNI) has announced full-year financial results to 30 June 2018, demonstrating continued positive momentum for the growing property funds manager. FY18 highlights include: Assets under management up 29% to a new peak of $4.9 billion Operating earnings per share rose 58% to 16.3 cents[1], above the revised guidance of 15.8–16.2 […]
continue readingData released by SQM Research this week has revealed the national residential vacancy rate dipped to 2.2% in July 2018, though the vacancy rate in Sydney remains at its highest level in 13 years, which has pushed down asking rents in the nation’s biggest city. The number of vacancies Australia-wide sat at 72,458 properties. Sydney’s […]
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15
Aug
2018
Business survey; Consumer confidence Business confidence: The NAB business confidence index rose from 20-month lows of +5.6 points in June to +6.6 points in July. The long-term average is +6.0 points. Business conditions: The NAB business conditions index eased from a downwardly-revised +14.1 points (previously +15.0 points) in June to +12.4 points in July. The long-term average […]
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15
Aug
2018
Dave Lafferty, Chief Market Strategist at Natixis Investment Managers examines why a “recession is imminent”… A Recession is Coming Economic forecasting is a tough business, not to mention incredibly imprecise. However, we can say with nearly 100% certainty that a US (and/or global) recession is coming – at some point. For investors, of course, the […]
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15
Aug
2018
Highlights The Full Federal Court has handed down judgment in the appeal by Aussiegolfa Pty Ltd (in its capacity as trustee of the Benson Family Superannuation Fund (BFSF). The Court held that the primary judge was incorrect in concluding that the leasing of the residential property held by the sub-fund to a child of a […]
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14
Aug
2018
The Financial Planning Association of Australia (FPA) is delighted to announce that American author and financial services expert Mitch Anthony has been confirmed as a keynote speaker for the 2018 FPA Professionals Congress, taking place in Sydney on the 21-23 November 2018. Recognised around the globe for his pioneering work in life-centred planning, Mitch Anthony […]
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14
Aug
2018
Leading research house Lonsec has upgraded its rating for the Legg Mason Western Asset Macro Opportunities Bond Fund (Fund) to “Recommended” and has reclassified the Fund to Lonsec’s Growth Alternatives sector, reflecting the economic leverage employed. This successful strategy which offers an absolute return fixed income solution has been available offshore for many years and […]
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14
Aug
2018
Columbia Threadneedle Investments, a leading global asset management group, has announced the appointment of Glen Giddings, Head of Institutional, Australia and New Zealand. Glen, will report to Jon Allen, Head of Distribution, Asia Pacific, and will be responsible for developing Columbia Threadneedle’s institutional business in Australia and New Zealand with a focus on serving existing […]
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14
Aug
2018
Perpetual Corporate Trust has been appointed as the Responsible Entity (RE) of the Vitalharvest Freehold Trust (ASX:VTL) managed by goFARM Asset Management. Perpetual Corporate Trust General Manager – Managed Fund Services, Vicki Riggio said: “We are delighted to be expanding into the listed agricultural sector. It is an area we feel is underrepresented in the […]
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14
Aug
2018
Investment markets and key developments over the past week Share markets mostly rose over the last week as economic and profit news was mostly favourable and there was nothing really new on the trade war front. Bond yields generally fell slightly but there wasn’t a lot in it. Commodity prices were mixed with oil down, […]
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13
Aug
2018
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