Yesterday
- Updated
- Managed funds
Perpetual clients pull almost $8b from funds house before KKR sale
Almost 4 per cent of all assets were yanked from the storied asset manager, which is preparing to offload its more successful wealth management division.
- Updated
- Kylar Loussikian and Jonathan Shapiro
Is this it for the big tech trade? Funds are divided
The first batch of earnings results from the magnificent seven has failed to lure investors back to a rally that lost steam this month.
- Joshua Peach
Energy and property stocks weigh on ASX; $A drops below US66¢
Shares slip at the closing bell; Perpetual hit with outflows; the Australian dollar extends sell-off as iron ore inches closer to $US100. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach and Sarah Jones
This Month
Traders seek shelter in hard-hit assets on US election twist
Investors are bracing for volatility in the lead-up to the US presidential vote, so emerging market specialists are hiding out in South America and India.
- Carolina Wilson, Vinícius Andrade and Ronojoy Mazumdar
ASX rises as tech stocks bounce; Woodside hits one-month low
Australian shares open higher. Nvidia, Tesla pace a megacap tech rally. $A hits 1-month low. Copper hits a 3-month low. Follow updates here.
- Updated
- Timothy Moore, Joshua Peach, Sarah Jones and Joanne Tran
ASX falls; Insignia rallies 5pc; South32 sinks 13pc
Shares decline at the closing bell; gold and oil rise as US election chaos escalates after Biden drops out; Woodside splashes $1.35 billion on US LNG. Follow here for more.
- Timothy Moore, Joanne Tran, Joshua Peach and Sarah Jones
M&A arb fund Harvest Lane keeps a ‘blacklist’ of boards to avoid
Investor Luke Cummings has made a name for himself (and money) by trading M&A activity. But one deal that he’s steering clear of is the $8.8 billion Chemist Warehouse and Sigma merger.
- Joanne Tran
ASX to fall as investors await magnificent seven earnings
Futures indicate the local index is set to drop 0.8 per cent or by 67 points to 7876 at the start of trade, dragged lower by a fall on Wall Street.
- Joanne Tran
- Opinion
- Opinion
Why it’s time for ETF investors to stop tracking the ASX 200
Fundamentals still count. Shares can rise and fall quickly on a piece of news, and it’s not passive funds that are driving that price action.
- Arian Neiron
US equities drop as selling pressure persists
The S&P 500 posted its worst week since April as investors continue to shift from this year’s winners to its laggards.
- Updated
- Timothy Moore
Chaos across Melbourne as hospitals, airport, supermarkets hit
Shares retreat below 8000 points. APRA relents on Westpac. Lifestyle Communities pulls guidance. Netflix’s profit surges. ECB holds rates. Copper, gold, oil fall. Follow here.
- Updated
- Timothy Moore, Tom Richardson, Joanne Tran and Joshua Peach
Will Vicars and Caledonia are still deep in the red
Financial year results from the fund manager show a 6.3 per cent gain in the month to June 30. Elsewhere, it’s a sea of woe.
- Myriam Robin
- Opinion
- Chanticleer
Nvidia crash shows dark side of the Trump trade
Donald Trump’s comments on Taiwan added to a global sell-off in computer chipmakers. The episode has three big lessons for investors.
- Updated
- James Thomson
Tech sector plunges; traders lift bets on interest rate increase
Jobless rate edges higher in line with expectations, job gains beat forecasts. Domino’s cuts guidance. Telix lifts sales forecasts. Nasdaq posts worst day since 2022. Follow here.
- Timothy Moore, Tom Richardson, Sarah Jones, Joshua Peach and Joanne Tran
Geopolitics tops inflation as key market risk: global fund managers
The “perception” of geopolitical risk is a net 88 per cent above normal, and at its highest since November 2022, according to a Bank of America metric.
- Timothy Moore
Investors size up ASX small caps as Wall Street pops
With the US central bank looking like it will begin cutting rates, smaller stocks there have been on a tear. The same could happen in local equities.
- Sarah Jones and Joshua Peach
Why Ark’s Cathie Wood is betting big on Tesla
The fund manager is banking on Elon Musk’s move into robotaxi’s will be a catalyst for a roughly 10-fold increase in Tesla’s share price
- Bei Hu
- Opinion
- Chanticleer
Brokers sense interest as Australia’s favourite meme stock returns
The list of names dumped from the ASX 200 alongside Zip shows how rare a comeback is. But while its business is firing, not everything has changed.
- Anthony Macdonald
Top 10 super funds revealed for FY24
A small mining industry fund delivered the highest returns for the second year in a row, with two retail super giants joining it in first place.
- Hannah Wootton
ASX resets record as property, tech rally; gold stocks climb
Shares extend advance above 8000 points; BHP breaks iron ore export record, promises copper lift; Cettire flags revenue, customers ahead of FY24 report; gold climbs to record; New Zealand Q2 inflation slows, keeps rate cuts on the table. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach and Sarah Jones
