ASX

OpenInvest is a Melbourne-based fintech platform that uses a range of managed portfolios to offer its investors a low-cost digital solution. The platform helps form a connection between investors and asset managers, to better educate and support investors during the decision process. CEO of OpenInvest, Andrew Varlamos says, “Investors can get to know the different…

The Charter Hall Group (ASX: CHC) share price is up around 4% after the property manager upgraded its earnings projection for FY21. It manages property funds across a range of sectors including office, industrial, logistics, retail and social infrastructure. Charter Hall manages assets worth $54 billion spread across 1,404 assets. The business has a $9 billion development…

Galloping into November, it’s often considered the prime entry point before months of positive returns supported by the Christmas rally. However, not every rule holds, as October showed without any major selloff. On average, November is the fifth-highest returning month of the year, as shown below.    Last year, however, returns in November 2020 were…

Both the Netwealth Group Ltd (ASX: NWL) and Praemium Ltd (ASX: PPS) share prices will be on watch today after Netwealth proposed a merger of the two companies. Currently, the Netwealth share price is largely unmoved at $17.20.|Conversely, the Praemium share price is racing upwards, increasing 15% to $1.43. Netwealth eyes off Praemium Netwealth submitted a non-binding proposal to…

Westpac (ASX:WBC) has been sold-off heavily this week after delivering an unexpected “shocker” of a result. Shares finished down 7 per cent on the day of reporting, despite the company reporting a doubling of profit to over $5 billion. Analysts and fund managers were clearly concerned about the various mis-steps of management over the last…

Shares in online bookmaker PointsBet Holdings Limited (ASX: PBH) finished Friday nearly 20 per cent lower after its Q1 FY22 results failed to impress some investors. Since reaching over $17 per share at the start of the year, Pointsbet’s market valuation has more than halved. For a full breakdown of the results, check out Lachlan Buur-Jensen’s article…

Investor focus seems to have shifted back to the agricultural space following the release of two Government announcements which have highlighted the sector as a profitable era for farmers and potential growth opportunity for investors. The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) has given an optimistic outlook for the agricultural sector,…

Recent ASX initial public offering GQG Partners Inc. (ASX: GQG) looks to be moving in on Magellan Financial Group Ltd’s (ASX: MFG) turf. Both companies manage global equities portfolios for big institutions with funds under management (FUM) of $85.8 billion and $113.9 billion respectively. It will be a battle for the ages: Rajiv Jain vs. Hamish Douglass. If you’re new to either business, check…

ASX weakens on energy sell off, Boral jumps as Pointsbet tanks The S&P/ASX200 (ASX: XJO) finished 0.2% lower on Thursday dragged down by the energy sector, which fell by 2% after the coal price continued to fall significantly. A nuclear accord between the EU and Iran was also cited as a reasoning for the weaker oil price. Boral (ASX: BLD) overcame weakness in…

The stock market is a funny ol’ place. Think about it. Two people can have completely different perspectives – and both may be right. Let’s use an example in Xero Limited (ASX: XRO), the accounting software company. Me: “I think Xero is a fast-growth company, worth owning for 5 years.” Another investor: “I think Xero is overvalued because it doesn’t make a…

And just like that, Australia has joined the rest of the world in committing to be carbon-neutral, that is, in a net-zero-emissions state by 2050. While it may have taken a lot of toing and froing, we’re here. And it’s a big deal. According to research firm Climate Analytics, “Australia is often ranked as having…

SMSFs have been at the centre of the superannuation arms race for several decades. As a financial adviser, I am regularly stuck in the middle of administration and combative nightmares. On the one hand, we meet many investors, both advised and un-advised, who have SMSFs in place, but clearly don’t have the time, interest or…