Market surge continues, Magellan founder speaks, Telstra dominates The S&P/ASX200 (ASX: XJO) continued its positive run, gaining another 1.3 per cent with every sector of the market finishing higher. The standouts were the technology, communications and materials sector, which all gained 2.1 per cent. The buy now pay later companies finally saw a reprieve, with Zip Co (ASX: Z1P) topping the…
Portfolio manager Dougal Maple-Brown of Maple-Brown Abbott paints a promising picture for value to outperform in the year ahead, following a strong performance for his firm’s Australian Share Fund, both quarterly and yearly. The fund outperformed the market by 10%. Looking forward, Maple-Brown points out interest rates as being one of the main reasons for…
This year was a year to remember for cryptocurrency. Not only did it go “mainstream” in Australia but it received the much-needed regulatory oversight required to help provide greater security for both investors and cryptocurrency businesses. Although regulators may have taken a while to get their heads around cryptocurrencies and other digital assets, the government…
The Magellan Financial Group Ltd (ASX: MFG) share price will be on watch today after the funds management firm announced the resignation of Chief Executive Officer (CEO) Brett Cairns overnight. It’s been a turbulent year for the Magellan share price, sinking 41% over 2021. MFG share price End to 14-years of service Magellan cited personal reasons for Mr Cairns exit. Current…
The future of the S&P/ASX benchmark may well have been on show this week when Standard & Poor’s delivered the latest update to their key indices. There was little change at the top of the market, with neither the ASX20 or 50 seeing any new inclusions. That said, there are a number of major events…
Treasurer Josh Frydenberg is going to introduce new payment laws that could affect newer key players like Apple (NASDAQ: AAPL), Afterpay Ltd (ASX: APT) and Zip Co Ltd (ASX: Z1P). New payment laws According to reporting by various media, such as the Australian Financial Review, the government is going to introduce laws that will regulate the various newer players in the payments space….
After a dismal year in terms of dividend yields, payouts have been at multi-year lows after most corporations were forced to cut payments to shareholders because of the pandemic. But Plato Investment Management is confident that dividends are back, and has revised up its dividend yield target for the 2022 financial year to 10% gross…
