Challenger's CEO maintains a positive outlook despite bleak domestic annuity sales and plummeting investment values.
The ASX-listed investment group's strong results are a good sign for active managers looking to retain relevance amid the rise of ETFs.
IOOF has reported a record level of funds under management while executives trim bonuses and pay ahead of the company's full year results and the CEO warns of greater economic uncertainty to come.
Perpetual's CEO says share prices will have to come down to normal levels in the Australian market to improve its performance. But brokers are confident new acquisitions will set the wealth manager straight.
The $86 billion investment fund has said regulatory pressures continue to stifle domestic growth but institutional clients abroad help to drive growth.