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US Independence Day, mixed fortunes on the ASX, Sydney Airport takeover bid It was a rough start to the week for the ASX 200 (ASX: XJO) which opened as much as 1% higher before finishing broadly flat. Most sectors closed lower, IT and retailers were down around 1% with no overseas lead due to the US Independence Day holiday….
ASX fades to small gain, 24% return for the financial year, Telstra’s buyback surprise The ASX 200 (ASX: XJO) managed to finish the financial year on a positive note, adding 0.2% on Wednesday with the communications sector the biggest contributor, up 2.7%. The result took the quarterly return to 7.7% and the financial year to 24%, the…
The recently announced Your Future, Your Super proposed performance test has raised concerns on the potential of unintended consequences in the government’s pursuit of better performing funds. Clearly, the government is squarely focused on the relationship of fees and performance against a standard asset allocation framework. However, many pundits believe the current proposal would see…
The ATO delivered some positive news, approving fractional property investment platform Domacom’s’ application to broaden the use of the $300,000 downsizer contribution.