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Defensive options for your share portfolio

Macquarie Securities has recommended a shift to a more defensive Australian equity position in its model portfolio, suggesting that clients add gas and electricity company APA Group, real estate investment trust GPT, toll road operator Transurban, gold miner Ora Banda…

Welcome to Club Magellan

Magellan Financial Group is building on its “investor partnership” model with the initial public offering for its new listed investment company, the Magellan High Conviction Trust. Investors in some of its other funds will receive a “loyalty reward” of units…

CBA result shows banks stuck with rising costs, weak revenue growth

Faced with the prospect of low growth, a bank would look to keep the bottom line growing by cutting costs. Commonwealth Bank chief executive Matt Comyn says he wants to get the bank’s cost-to-income down but admits that in the…

Great Southern Plantations loan recovery saga goes another round

Bendigo and Adelaide Bank has lost another case in its pursuit of outstanding loans taken out by investors in the failed agribusiness scheme operator Great Southern Plantations. In Bendigo and Adelaide Bank Ltd & Ors v Kenneth Ross Pickard &…

The bigger the ETF the better

Investors considering different exchange traded fund options will usually have a better outcome selecting a bigger ETF over a small one, according to new research. Morningstar has analysed the trading history of listed funds and found that big ETFs have…

More women take on the breadwinner role

Women are taking a greater role in generating income for households, with a quarter of those in two income households earning more than men according to the latest Household, Income and Labour Dynamics in Australia (HILDA) survey. Female workforce participation…

Profit season: lofty valuations meet grim reality

The average growth in earnings per share in the reporting season that starts this week will be a modest 3.9 per cent, with most of the growth coming from the resources sector. Macquarie says this reporting season represents the “trough…

June half IPO winners

It was a sluggish start to the year for initial public offerings (IPOs), with a fall in the number of new ASX listings during the six months to June. But their share price performance was better than previous years. The…

Top super fund performers revealed

Top-performing superannuation funds – almost off of them industry funds – produced returns of 8 per cent or more for their members in the 2018/19 financial year, while the median return for all balanced portfolio options was just a little…

Renting opens other pathways to wealth accumulation

More Australians are facing a lifetime of renting houses rather than buying, and therefore need to rethink their approach to accumulating wealth without the benefit of home ownership’s “enforced saving”. The Australian Bureau of Statistics’ (ABS) latest survey of income…