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.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.37% at lunch.
Challenger Limited (ASX:CGF) has released its third quarter FY19 results. Here’s what you need to know.
Despite huge losses to the Challenger Ltd (ASX:CGF) share price over the last 12 months, some big brokers think the shares could go higher.
Challenger Ltd (ASX:CGF) shares have risen 8% in response to the company’s news about its strategic relationship with MS&AD Insurance.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.02% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.52% at lunch.
Challenger Ltd (ASX:CGF) shares could be a mixed bag today when markets open following the release of its 2019 half-year report.
The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.01% on Monday.
After 2018 saw the S&P/ASX 200 (INDEXASX:XJO) drop by 6.9%, investors were offered some relief in January with the market rebounding to finish the month 4.25% higher.
