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ASX records continue despite mining sell off, energy stronger, lithium deals continue The ASX 200 (ASX: XJO) finished at another record, adding 0.1% on Wednesday despite weakening throughout the day. Most sectors finished higher, led by the energy sector, up 1.5%, with the materials and IT down 1.6% and 0.4%, respectively. It was bad news for those…

L1 Capital has announced the launch of its new L1 Catalyst Fund in July, aimed at unlocking company value via shareholder activism. The launch comes several years after listing of the firm’s L1 Long-Short Listed Investment Company (ASX: LSF), which has delivered strong long-term returns. Activist funds look to shake up a company’s management by…

One of the distinguishing features of the Australian equities market is the franking credits regime. A franking credit is generated when Australian-resident companies pay income tax and distribute after-tax profits through dividends. Depending on their tax situation, shareholders might get a reduction in their income taxes or a tax refund, as a result of receiving the franking…

ASX, Comm Bank, and Mineral Resources close at records, Austal sold off  The ASX 200 (ASX: XJO) continues to hit new records, moving 0.9% higher on Tuesday, with pent-up Queen’s Birthday demand behind the surge. Every sector in the market moved higher but it was healthcare behind CSL Limited (ASX: CSL), up 1.7%, and IT behind Afterpay Ltd (ASX: APT) up…

ASX finishes at fresh record, shrugs off inflation threat, tech, gold rally The ASX 200 (ASX: XJO) finished +0.1% on Friday, taking the market 0.2% higher for the week and ultimately finishing at another all-time high. On Friday, it was the gold miners responding to the expected inflation data in the US. Resolute Mining Limited (ASX: RSG) and Newcrest Mining Ltd (ASX:…

Finding a cure or treatment to Alzheimer’s disease has been labelled “the last medical frontier” as it remains one of the most prevalent human diseases, and to this day there are no treatments or cures. In fact, the exact causes of Alzheimer’s disease aren’t even fully understood. Alzheimer’s disease is an irreversible, progressive brain disorder…

T.Rowe Price’s head of Australian equities and portfolio manager, Randal Jenneke, and the head of multi-asset solutions, Thomas Poullaouec, recently discussed with investors what is in store for the Australian economy post-pandemic. They both provided valuable insights into the vaccine rollout currently underway, policy stimulus and the subsequent pandemic recovery. According to Poullaouec, “the recovery…

ASX moves higher, as every sector but energy improves, Woolworths’ takeover to go ahead   The ASX 200 (ASX: XJO) capped off another positive day on Thursday despite a fall in the oil price sending the entire sector down 1.1%. Every other sector was higher, barring materials, which finished flat, with real estate and IT once again leading…

ASX falls on grocery retailers, Chinese business inflation hits record, Brickworks jumps on property   The ASX 200 (ASX: XJO) fell 0.3% on Wednesday, driven lower by the consumer staples sector, which was down 1.4%. The majority of the weakness came from Coles Group (ASX: COL) and Woolworths Group Ltd (ASX: WOW), with the latter down 1.9% as the rotation away from…

This year has brought on a flurry of initial public offerings (IPOs) ranging from new tech start-ups to BNPL platforms. There have been 51 new floats so far, with another 35 to come before the end of July. There were 27 listings in the last two months alone. The total figure for 2021 looks at this…

The Altium Limited (ASX: ALU) share price is going bananas right now after revealing a takeover offer from US software group Autodesk (NASDAQ: ADSK). Why is the Altium share price going nuts? The electronic PCB software business revealed that it has received a formal, non-binding, indicative and unsolicited takeover proposal from Autodesk. My colleague Lachlan Buur-Jensen was right when…

In a world of new asset classes, automation and sustainable earnings, there’s no better way to diversify than through exchange-traded funds. ETFs come in different shapes and sizes, including shares or bonds, domestic or international, small-cap or large-cap, hedged or unhedged.  ETFs are growing in popularity. According to Betashares, the Australian-listed ETF market hit $102.9…