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.
Knowing my luck the Challenger Ltd (ASX: CGF) share price will bounce or rally higher from here. Murphy’s Law tells me that if I say something negative, when CGF shares come out of their trading halt they could jump and ‘prove’ me wrong.
Challenger (ASX:CGF) has announced that it intends to do a capital raising, should you take part?
The Australian share market and the S&P/ASX 200 (ASX: XJO) index is expected to open slightly higher on Friday morning, with the SPI futures pointing to a 12-point open.
Fund manager Emanuel Datt pitches three ASX stock ideas in Challenger Ltd (ASX:CGF), 360 Capital REIT (ASX:TOT) and Eclipx Group Ltd (ASX: ECX). Tune into the Investors Podcast now.
The S&P/ASX 200 (ASX: XJO) finished the day trading at 7055.3, up 0.61%. Making ASX sharemarket news was Challenger Ltd (ASX:CGF), Transurban Group (ASX:TCL) and Northern Star Resources Ltd (ASX:NST).
The Challenger Ltd (ASX:CGF) share price traded 1% higher today following the release of its half-year financial report.
The S&P/ASX 200 (ASX: XJO) is expected to trade higher today with the Sydney Futures Exchange pointing to a positive open. Challenger Ltd (ASX: CGF) and Macuarie Group Ltd (ASX: MQG) have updated the market.
If you invest in stocks today, what return should you expect over the next 10 years?
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.82% at lunch.
