Markets

UBS says it’s time to cut back on Australian bank stocks

The improving global economic outlook and signs of reflation should aid the banking sector, but finding investment opportunities across large cap developed market Asian banks is challenging, UBS said. UBS analysts, led by Jonathan Mott, overlaid macro economic factors on profit forecasts by the banks, valuation across forward earnings multiples […]
UBS says it’s time to cut back on Australian bank stocks
Markets

Platinum Asset Management shares are taking a big hit

Shares in Platinum Asset Management fell hard after the funds manager announced a cut in fees. A short time ago, the shares were down 8% today to $4.28, falling 14% since Friday. Analysts estimate the cut in the standard management fee to 1.35% from 1.50% will reduce Platinum’s fee income […]
Platinum Asset Management shares are taking a big hit
Markets

Henderson Group shares are on a tear on US merger news

Shares in funds manager Henderson Group jumped on the ASX after it announced a merger with the US-based investment firm Janus Capital. A short time ago, the shares were up 12% to $4.46. Shareholders of the UK-based Henderson will end up with about 57% of the merged company, a business […]
Henderson Group shares are on a tear on US merger news