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Challenger Ltd (ASX:CGF)

Diversified Financials

Challenger Ltd (ASX: CGF) is Australia’s largest provider of ‘annuities’, which are financial products typically sold to retirees who seek reliable income. Challenger was established in the mid-80’s and listed on the ASX in 1987. In 2018, Challenger managed more than $90 billion between its investment portfolio, which is the sum of the money invested by retirees who buy annuities, and its fund management business.

Challenger Ltd (ASX:CGF) share price

Challenger Ltd (ASX:CGF) share price news

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ASX Share Ideas
Drew Meredith, CFP

S&P/ASX 200 news today: Santos & James Hardie (ASX:JHX) shares in focus

The S&P/ASX200 (INDEXASX: XJO) gained another 0.4 per cent on Tuesday with a broad-based rally managing to overcome a selloff in the energy sector. The staples and utilities sectors were strongest gaining 1.3 and 1.4 per cent, with healthcare and financials not far behind. Energy, however, fell by more than 2.3 per cent on a weaker oil price and talk of further intervention.

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