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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 down by 0.22% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.49% at lunch.
Challenger Ltd (ASX: CGF) shares traded slightly lower on Thursday after reporting its March 2018 quarter results, which included an update on its assets under management and annuity sales.
The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open higher Thursday morning, according to data from the Sydney Futures Exchange.
Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), is down by 0.93% at lunch.
CSL Limited (ASX:CSL) tried its best to inject some enthusiasm into Australia’s S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) on Wednesday.
Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has risen by 0.47% at lunch.
This morning, Challenger Ltd (ASX: CGF) revealed its financial results for the six month period to 31 December 2017.
The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open higher on Tuesday.
